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UMIch Consumer Confidence Goes Euphoric - Highest Since Dec 2006
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...
U Mich Consumer Sentiment pic.twitter.com/MpM2ch4MPo
— Not Jim Cramer (@Not_Jim_Cramer) December 12, 2014
Biggest beat in 21 months...
A Euphoric Goldilocks Surge to 8 year highs...
We think this 140-character-or-less tome explains it all....
Stocks higher on surging UMich which is higher on lower oil prices which are pushing stocks lower
— zerohedge (@zerohedge) December 12, 2014
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UMICH Pisani-ed some folks.
They gots to be trippin'.
The chemtrails and fluoride are finally kicking in.
This explains that huge uptick in sales on Black Friday... Wait, What?
BUY BITCOIN!!
OH YEAH!!!
https://btc-e.com/
It's the low gas prices.
Just make it 100!!! Get it over with.
Coincides with the election to STOP the Obama destruction. This before boehner gave it all away.
WOOOO!!!! HOOOO!!!
FREE EBT FOR ALL!!!!!!
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.
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!!!
We will line up and execute anyone not behind Bitcoin because they are fakes, fonies and Fed-collaborators.
SEMPER SATOSHI
Take a second mortgage. There's equity in that house.
http://y2u.be/VI6tBwVjyOY
"They gots to be trippin'." I want some of that. Then I might be able to comprehend the BLS numbers.
UM is a bunch of pretentious fuckers, and you can be confident of that.
And I wonder if UM gets any federal funding for that research program.
In the Animal Farm everything is just fine.
I think I missed my stop...
This ride only has one stop.
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
c'mon choco-rations!
The last time Americans were this full of shits and giggles was December 2006
soylent green is people
of course confidence is higher, alcohol prices are lower!!
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?
Yep- 30 lucky people get this phone call- "So, how's things?"
That's it.
Let's build an entire economy on that.
Brilliant.
They're calling .gov workers.
This must be an inverse chart of reality.
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?
I wish I had the option...
...and then came 2007 and 2008. Oh shit.
stocks top when everything else peaks (except debt. debt can never peak or keynesian fucks like krugman would be out of work)
+1 for the kool-aid image.
Afuckingmen to that!
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.
Who is the asshole that pays the Umich morons to do this research. I want them to pay me.
THE best graphic this year...
Give me some of that KOOL-AID BITCHEZ
how embarrasing
Then 2 years later muricans became broke as shit and have stayed there since.
Tyler......Why do you propagate this lying government BS?
For teh lulz, ofc.
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.
Why would you refer to a slap-down as "propagation?"
How about maybe saving your moral outrage for something real?
ssssuuuuurrreeee it is......
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!!!
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.
+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!
Same with almost all universities. Totally compromized by corproate money on the one hand and evil nation-wrecking Cultural Marxist academics on the other.
When these Lies finally reach 'escape velocity'... It seems the entire edifice is a smoldering deck of Lies. Not to get all religious or anything, but the sheer level of Obfuscation coming out of officialdom (our public servant/leadership class) is at or approaching Biblical proportion. I guess the cup of iniquity really must runneth over before the collapse...?
Of course the University of Michigan is optimistic. Housing prices have doubled in Detriot in just a month. You used to be able to get a burnt-out shell of a house for $5, now it will cost you $10. See, the economy is booming!
"A festivus for the rest of us."
https://www.youtube.com/watch?v=R60z_7vZ0YI
Yeah, brain-dead TV shows will help...
Long oil huh. Sorry about that. Dooooshbag.
Here in michigan, spending, retail and otherwise, has stopped. Low gas prices have equated to NO increase in discretionary spending. Good case in point, local ace hardware stores have been carrying craftsman tools. (Prepping for the end) Kmart/sears have always been good bellwether for state economy.
Gallup consumer spending has been dropping. Maybe its the free phones..
. http://www.gallup.com/poll/112723/Gallup-Daily-US-Consumer-Spending.aspx
Must be calling all those wall streeters who just got their bonuses.......
I'm extremely confident even though I'm extremely broke
Survey was likely done in the 202 area code
I was thinking Detroit and their bankruptcy exit euphoria.
So profound of you doooooshbag.
U-Mich should be ashamed of themselves.
you thought the bs, good news that america is turning a new page on that nasty, pesty bad financial snap, (and to prove it, everyones getting richer, due to lower gas prices), was a waste of pravdas time.
when you control communications you control people, thats what hitler thought, he may of been right.
They oversampled the poll with union Longshoremen with their end of year bonus and the loot they steal from the shipping containers in hand.
Aunt Millie hasn't opened her month end junk bond statement yet.
It's nice to see a report from an organization, like UMICH, that really knows what they are doing.
Anyone with eyes can tell that UMICH is right on the money and consumers have a lot of confidence. It's easy to see from the long lines of shoppers that extend all the way out of malls and stretch around the block. These folks are eagerly waiting to make the many purchases they plan for the holiday season. By golly, I was at the local mall and they were installing extra cash registers to help with the unexpected flood of shoppers.
The smart play is to sell your gold and buy stock in retailers.
Here in State U. town, the shopping center parking lots are packed.
Student loan bubbles, FTMFW!
As an added bonus, Obummercare money is flowing too!
God bless us, everyone!
State U town explains it all.
Bless this a$$wipe.
or cash register manufacturers'
i'm confident that things will get much worser.........
NYT catches up to ZH... http://bit.ly/1IHIsPp
I'm glad the NYT decided to print some raw truth. The (lack of) employment trends they discuss in their article are amplified in a 2-part Breitbart article:
http://www.breitbart.com/Breitbart-London/2014/12/04/The-Sexodus-Part-1-...
wow that was depressing
the comments were depressing, too
How ya doin? Just great, you?
When you mention Boehner, my mind flashes a picture of a pile of rotting, dead, Demoncrap lying in the dirt. It should be shoveled back into the cesspool from which it was dredged......immediately.
Confidence in crude drop?? Since most big consumers are now eating their hedges it'll be a cold day in hell before we see any good in it. We have fostered a nation of idiots, or at least one states worth.
Did you ever hear about the guy that was so stupid even the University of Michigan noticed?
U-MICH survey is Bullshit. Here's how it works. And in know this from a very reliable source who worked for the U a few years ago. Basically my Friend called CEO's from a list of companies, same list every month and would ask them canned queestions on how THEY FELT about their company and the economy. THEY are NOT FUCKING calling random people and asking them if everthing is GREAT! ANOTHER BULLSHIT CONFIDENCE REPORT>>> CANNED BASED ON CEO's OPINIONS.
Translation: Problems are all fixed muppets, just buy stocks so we have our mega-year-end bonuses.
- Wall Street
Next week updated GDP will show a 12% surge in growth.
And a few weeks later quietly reduced to 0.12%.
oh the euphoria as a kid waiting to ride the Monster,leaning back ratcheting up to the peak and the feeling of weight being lifted as you come over the top, your hands clench the bar even tighter.....because you are going down.
all along you were anticipating the drop and then when it really happens...
kinda like that....
Did MIchigan just legalize crack cocaine and half of the population are now high?
This one is a no brainer. Gas prices falling will put a smile on my face every time.
Clearly the homeless and under employer should rejoice and migrate to Lansing
PLUS a gazillion for the increased graphics on the charts.
South Texas needs moar pix with crayons and stuff.
Dupe.