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UMich Consumer Confidence Near 8-Year High, Inflation Expectations Hit 4-Year Lows
Despite the collapse of inflation expectations in last month's UMich confidence, the push to 7-year highs was unstoppable (though missing expectations)...after soaring confidence amid Ebola scares and crashing stocks in October, even the surveyers were questioning the respondents' replies "it would be surprising if recent declines in household wealth did not reverse some of the recent gains in optimism in the months ahead." But sure enough, to maintain the magic, UMich consumer confidence rose from November's missed expectations to the highest since Jan 2007 at 93.6. Inflastion expectations for the next year fell from the preliminary to the lowest in over 4 years.
Confidence soars to peak 2007 levels...
As inflation expectations drop...
Charts: Bloomberg
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MOAR deflation
Which inflation is it you are refering too?
Have you tried buying bacon lately? Perhaps oil is helping the Fed postpone the reckoning?
Most Schizophrenic index eva...
If you can't see the raw data, how it was collected and the formula used to calculate it, don't trust it.
BTFATH...!!!!!!!
Bullish......
We gave a few folks false confidence...
What is the point of this survey? All it does is tell you that consumer confidence varies month to month...my plumber could have told them that.
What do we learn from this? If I'm a business person, how do I utilize this information to decide whether to expand or not?
Presumably, I've been following the news, and looking at the climate I'm working in, and if I've been paying attention, I've decided to postpone those expansion plans for the time being. Am I really going to be persuaded by this survey to change my mind? Or will I say to myself, "Sure, people feel better with lower energy prices, but will that bring them into my store?"
Or will I see it as nothing more than an expected reaction to bit of price-relief for an over-extended consumer, and unlikely to translate into better sales going forward?
I can answer your last sentence. You will see it as nothing but complete and utter bullshit put forth by some Phd braniacs who think they are smarter than you, but lack the common sense to know what the difference is between a hammer and pair of pliers.
We are just about to the point where it's time to smack the consumer down a few notches and put them in their place. We just need to make it through the Festivus season.
Who are they polling...? Algos, HFT traders, Janet, Ben, Barry, Larry, Curly and Moe?
I wonder the same thing...
The sheeple say - 'Bahhhhh!'
Ok so what else is new.