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Consumer Confidence Misses 2nd Month In A Row Despite Record Stocks, Low Gas Prices

Tyler Durden's picture




 

Having missed expectations by the most since June 2010 in November, The Conference Board's measure of Consumer Confidence missed once again. The previous dip was revised higher (because 'revisions' is exactly what makes sense in a confidence survey) from 88.7 to 91.0 but the current level printed 92.6 against expectations of 93.9. This is the 3rd miss of the last 4 months (as stocks hit record highs and gas prices collapse?). Employment "not so plentiful" rose to its worst level in a year, employment expectations going forward dropped as did income growth expectations.

 

 

Plans to buy a car also slipped with Home purchase plans the lowest in at least 6 months.

 

Chart: Bloomberg

 

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Tue, 12/30/2014 - 11:10 | 5604975 symtex411
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we'll be green by close, just sweep this under the rug for now

Tue, 12/30/2014 - 11:12 | 5604994 IridiumRebel
IridiumRebel's picture

It's becoming an incredibly large rug.....

Tue, 12/30/2014 - 11:17 | 5605007 Headbanger
Headbanger's picture

INCONCEIVABLE !!!

Tue, 12/30/2014 - 11:33 | 5605009 JRobby
JRobby's picture

Largest rug ever woven.

The rug has many, many holes drilled in the floor underneath it from which air blows up under very, very high pressure (THE FED AT WORK)

Dirt is continuously swept under this massive rug by very, very large brooms (GOVT) (TBTF) same thing

Nice picture!

Happy New Year! Try not to start it off on a "V"

Tue, 12/30/2014 - 11:35 | 5605073 Chupacabra-322
Chupacabra-322's picture

Hey dude, check out all the Algorithm / Agent Smith down votes. Puff, puff. Hey man stop Bogarting it.

Tue, 12/30/2014 - 11:38 | 5605083 JRobby
JRobby's picture

Is that like Dr. Smith from "Lost in Space"?

Tue, 12/30/2014 - 11:43 | 5605102 Chupacabra-322
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No, big difference. Dr. Smith like Obama like to take it in the Brown & Gums.

Tue, 12/30/2014 - 11:43 | 5605106 Redneck Hippy
Redneck Hippy's picture

Consumer confidence is the highest in six years but OMG it's a miss, because some economist thought it would be higher.

Tue, 12/30/2014 - 11:12 | 5604985 NoDebt
NoDebt's picture

Why don't they just fix the "expecations" number at zero and then whatever the number, it exceeds those expecations?

I live my whole life like that.  It's why I'm never depressed or disappointed.

Tue, 12/30/2014 - 11:14 | 5604996 IridiumRebel
IridiumRebel's picture

expectations are resentments under construction

Tue, 12/30/2014 - 11:20 | 5605012 Headbanger
Headbanger's picture

expectations are disappointments  under construction

That what you mean?

Tue, 12/30/2014 - 11:36 | 5605040 JRobby
JRobby's picture

IridiumRebel stated it exactly right. Although there are many versions.

Expectations, Disappointments, Resentments all come from the same place in your head that you may strive to avoid. Just a suggestion.

Happy New year!!!!  Try not to start it off on a "V"

Tue, 12/30/2014 - 11:13 | 5604986 Dr. Engali
Dr. Engali's picture

Meh, moar background noise. Just BTFD and drink to a new year. Profits for evrybody! Thank you Grandmama Yellen.

Tue, 12/30/2014 - 11:12 | 5604988 alexmark2013
alexmark2013's picture
Historically, Any Time Foreigners Have Removed Such A Large Amount Of Gold From The Us In A 12 Month Period – It Has Been A Warning Sign That A Major Recession/financial Crisis Is Imminent. http://investmentwatchblog.com/historically-any-time-foreigners-have-removed-such-a-large-amount-of-gold-from-the-us-in-a-12-month-period-it-has-been-a-warning-sign-that-a-major-recessionfinancial-crisis-is-imminent/
Tue, 12/30/2014 - 11:23 | 5605024 LawsofPhysics
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Removing gold you say?  Paper or physical?  big fucking difference.

Tue, 12/30/2014 - 11:32 | 5605054 JRobby
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Consumer confidence?

Tue, 12/30/2014 - 11:12 | 5604992 markar
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I am confident we are totally fucked.

Tue, 12/30/2014 - 11:38 | 5605084 Chupacabra-322
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Criminally Centrally Fascistically Fucked Beyond Belief.

Tue, 12/30/2014 - 11:13 | 5604993 SickDollar
SickDollar's picture
Consumer Confidence = measument of being a Sheep

The days of "MOAR" are numbered
It's a big club and you ain't in it BITCHEZ

Tue, 12/30/2014 - 11:15 | 5605003 buzzsaw99
buzzsaw99's picture

btfd birtchez

easy money.

mr. yellen has set the price. [/randolph duke]

Tue, 12/30/2014 - 14:46 | 5605013 ukspreads
ukspreads's picture

It feels like we'll be going down today

Tue, 12/30/2014 - 11:30 | 5605041 SheepDog-One
SheepDog-One's picture

The beatings are obviously not producing the desired effect quickly enough.....double-plus beatings to commence until morale once again improves.

Tue, 12/30/2014 - 11:33 | 5605051 Chupacabra-322
Chupacabra-322's picture

Hmmm, perhaps it's because we have been in a Hidden Depression since 08. And, all the Economic Stats, Charts, CNBC bullshit have been manipulated in a Huge Global Massive Criminal Central Banking Ponzi Scheme.

Just maybe?

Tue, 12/30/2014 - 11:36 | 5605078 JRobby
JRobby's picture

I guess some TROLL had a ball ripping through with "V"'s today?

Tue, 12/30/2014 - 11:48 | 5605109 Chupacabra-322
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Puff, puff. Dude these down votes from the Algo's / Agent Smith are a real Head Killer man. Speaking Truth to PsyOp / Propaganda / False Narrative Script Power really sucks man.

Tue, 12/30/2014 - 11:52 | 5605128 Chupacabra-322
Chupacabra-322's picture

Damn! That last down vote was just too quick. Fuck this. Break out the Blow man & hit me up quick with some lines. Time to get really Fucked up QE Ponzi Style & invest in the Global Manipulated Markets. That will be really take me to the "Heights" man.

Tue, 12/30/2014 - 12:02 | 5605151 JRobby
JRobby's picture

As Wall Street continues to hire the best and brightest math minds sway from a research or academic calling.....................

Tue, 12/30/2014 - 12:03 | 5605161 JRobby
JRobby's picture

About 25 seconds. Come on TROLLS pick it up! I want a 2 second "V" And I want it NOW, I want it YESTERDAY

Tue, 12/30/2014 - 12:04 | 5605166 JRobby
JRobby's picture

that's better!

Tue, 12/30/2014 - 12:31 | 5605248 Chupacabra-322
Chupacabra-322's picture

Ahhhhh, I just came. The only thing better would be the Algo's / Agent Smith's kicking off the site like they did yesterday. Fuck! I'll just go into the Sexual Afficiation after that.

Tue, 12/30/2014 - 12:33 | 5605258 Chupacabra-322
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Fuck it. I'm rubbing one off & hanging myself at the same time.

Tue, 12/30/2014 - 12:39 | 5605282 Shizzmoney
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RE

Consumer Confidence Misses 2nd Month In A Row Despite Record Stocks, Low Gas Prices

This headline made me LOL

 

Tue, 12/30/2014 - 13:52 | 5605523 Kprime
Kprime's picture

Did you get your EBT card refilled    Yes=Confident.   No=I am confident I will. 

Consumer confidence continues to reach new highs.

Food stamp recipients continue to reach new highs.

Student debt reaching new highs.

Unemployed youth, living at home, reaching new highs.

Yep, things are looking up.

Tue, 12/30/2014 - 19:40 | 5607212 TaurusCanis
TaurusCanis's picture

Speaking of car sales....  In less than an hour of listening to the fm band in the car the other day I heard no less than three commercials for car dealers who were "suspending poor and bad credit restrictions on new car purchases.....   for a limited time only, so hurry on down!"

Wed, 12/31/2014 - 00:24 | 5608029 Victory_Garden
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