UMIch Consumer Confidence Goes Euphoric - Highest Since Dec 2006

Tyler Durden's picture

The last time Americans were this full of shits and giggles was December 2006 - according to UMich latest survey of consumer sentiment. The indicator has risen for 5 straight months accelerating each time with the biggest surge since the mid-2011 US downgrade crash. At 93.8, smashing expectations of just 89.5 by the most since March 2013, for a 5-standard-deviation beat. Inflation expectations rose (as inflation plunges) and while both current and outlook indices rose markedly, it is the hope-strewn 'economic outlook' that exploded.

 

A picture paints a thousand words...

 

 

Biggest beat in 21 months...

 

A Euphoric Goldilocks Surge to 8 year highs...

 

We think this 140-character-or-less tome explains it all....

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ghostzapper's picture

UMICH Pisani-ed some folks.

Bastiat's picture

They gots to be trippin'.

NoDebt's picture

The chemtrails and fluoride are finally kicking in.

DeadFred's picture

This explains that huge uptick in sales on Black Friday... Wait, What?

NoDebt's picture

It's the low gas prices.

sodbuster's picture

Just make it 100!!! Get it over with.

onewayticket2's picture

Coincides with the election to STOP the Obama destruction. This before boehner gave it all away.

Pool Shark's picture

 

 

WOOOO!!!!  HOOOO!!!

FREE EBT FOR ALL!!!!!!

 

HardAssets's picture

Low gas prices & the fact that a lotta people save on fuel because they don't have a job to drive to ?

As long as Americans can charge the junk they buy in the malls, they remain blissfully ignorant. People are tortured around the world in their name ? Who cares, we have shopping, spectator sports, and online porn to amuse us.

Creepy A. Cracker's picture

As soon as Bitcoin gets to $3 I'll buy a few.  In the mean time, let it continue to plummet!...

 

BTW - I am selling my newly minted SuperMegaBlasterCoins.  Yes, like Bitcoin, and the tens of other flavors of pretend money, I, too, came up with an algorithm to create my own crypto-currency.  SuperMegaBlasterCoins are stored on my smart phone.  Just send me $$$$ and I'll give you a coin number.  Speculate away!!!

TheAnalOG's picture

We will line up and execute anyone not behind Bitcoin because they are fakes, fonies and Fed-collaborators.

SEMPER SATOSHI

Jeff the Terrible's picture
Jeff the Terrible (not verified) Bastiat Dec 12, 2014 11:18 AM

Take a second mortgage. There's equity in that house.

http://y2u.be/VI6tBwVjyOY

PartysOver's picture

"They gots to be trippin'."  I want some of that.   Then I might be able to comprehend the BLS numbers.

Ruffmuff's picture

UM is a bunch of pretentious fuckers, and you can be confident of that.

25or6to4's picture

And I wonder if UM gets any federal funding for that research program.

Space Animatoltipap's picture

In the Animal Farm everything is just fine. 

Theta_Burn's picture

I think I missed my stop...

BandGap's picture

This is like breaking up with a girl when you really don't want to break up. Just heading for another beat down.

Sentimental Journey.

 

https://www.youtube.com/watch?v=PUw125JMVFI

chunga's picture

c'mon choco-rations!

_ConanTheLibertarian_'s picture

The last time Americans were this full of shits and giggles was December 2006 

BadDog's picture

soylent green is people

Frank N. Beans's picture

of course confidence is higher, alcohol prices are lower!!

Elliott Eldrich's picture

Correct me if I'm wrong, but isn't "consumer confidence" one of those uttterly useless pseudo-metrics that functions primarily as Purina Pundit Chow? 

jcaz's picture

Yep-   30 lucky people get this phone call- "So, how's things?"

That's it.

Let's build an entire economy on that.

Brilliant.

freewolf7's picture

They're calling .gov workers.

dbystrowski's picture

This must be an inverse chart of reality. 

SparticusUK's picture

 This is your last chance. After this, there is no turning back. You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes.

 

 

....Should've took the blue pill, right?

dow2000's picture

I wish I had the option...

_ConanTheLibertarian_'s picture

...and then came 2007 and 2008. Oh shit.

101 years and counting's picture

stocks top when everything else peaks (except debt.  debt can never peak or keynesian fucks like krugman would be out of work)

astoriajoe's picture

+1 for the kool-aid image.

q99x2's picture

Propaganda is information that is not impartial and used primarily to influence an audience and further an agenda, often by presenting facts selectively (thus possibly lying by omission) to encourage a particular synthesis, or using loaded messages to produce an emotional rather than rational response to the information presented. Propaganda can be used as a form of ideological or commercial warfare.

Jameson18's picture

Who is the asshole that pays the Umich morons to do this research. I want them to pay me.

bullet's picture

THE best graphic this year...

medium giraffe's picture
UMIch handing out free blowjobs with every survey or something?
SickDollar's picture

Give me some of that KOOL-AID BITCHEZ

FreeShitter's picture

Then 2 years later muricans became broke as shit and have stayed there since.

hootowl's picture

Tyler......Why do you propagate this lying government  BS?

Greenskeeper_Carl's picture

Same reason they would post every stolpher recommendation, and every time gartman opens his dumbass mouth on CNBC. We all know it's BS, but it is entertaining BS.

NotApplicable's picture

Why would you refer to a slap-down as "propagation?"

How about maybe saving your moral outrage for something real?

MickV's picture

ssssuuuuurrreeee it is......

Son of Captain Nemo's picture

Wonder what the Christmas bonus payout to the University of Michigan alumni was for such extreme compliance in furnishing this report?

Hopefully enough for the Dean(s) of the school of Business and Economics and all their tenured profs to have a visit from Dom Perignon to go with the white truffles and fois gras?....

They earned it!!!

hootowl's picture

These lying imbeciles bring great shame onto a once-great institution.  The Michigan State Legislature should defund that institution until they expell the lying, amoral, tenured demons that are harbored there.

 

They sorely need to clean out that administrative and demonic professorial cesspool in order to regain even a small remnant of credibility.

Shame on the UMich.

Son of Captain Nemo's picture

+100

Make that a reservation for a party of two!  My understanding is that the U.S. Army drop shipped a pallet of shrink wrapped $100 bills at the college of Engineering West Lafayette Indiana for the fine work they did on that computer simulation model for NIST.

University of Michigan has been trying to play "catch up" with them ever since.

For the fraud those two Big Ten schools have committed already they should make it a spectator event with money for the sheep to watch just like their football teams!

Monty Burns's picture

Same with almost all universities. Totally compromized by corproate money on the one hand and evil nation-wrecking Cultural Marxist academics on the other.