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Despite Record Stocks & Surging Wage Inflation, Consumer Comfort Plunges Most In 10 Months
What do people have to be 'uncomfortable' about?!! Stock markets around the world are at record highs... real wages just jumped by the most MoM since 2008... So why oh why did Bloomberg's Consumer Comfort Index plunge to its lowest of the year, falling by the most since May 2014? Perhaps, just perhaps, the market is a red herring... distracting the plebeians from the reality of the economy?
Not encouraging for The Fed, we suspect...
Furthermore, across every cohort from age to income to sex to political bias, everything got worse...
Chart: Bloomberg
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Now your really starting to piss me off...
and my consumer comfort continues to rise
"What would you say your comfort level is?"
"Mmmm... about 42."
"Thank you for taking our survey."
Bloomburg Consumer Comfort Index? Am I the only one who hadn't heard about this before? It's gotta be just me.
Yeah, that's what I thought. It's been around since forever. Everyone knows about it but me:
http://www.langerresearch.com/content.php?i=7
They're polling the gals walking out of Nordstroms and Niemans loaded with packages they bought with their hubby's corporate card ... as a bizniz expense. Moar shareholder value if your CEO's and upper level exec's mistresses are comfortable.
interview today on fox bis, marie big boobs and mr williams san fran FED headdicktator..he says the us economy has had a strong rebound in his area UE is 3.7% buildings going up everywhere. He went further that business start ups are everywhere and people were getting wealthy on innovation..why we may have to raise interest rates this summer.- yet here I sit with more and more small businesses closing, more people hopeless about jobs..better move to San Francisco I guess, it's the new gold rush out there per the FED.
TRANSITORY, BULLISH!! Fuck you CB's!
Same thing happened in 1999 - fuck him. But it is different this time. Really. Then we had dreams IPOing at 20 million or so. Now 20 - 30 billion.
What about velocity...
as the bankers and financiers simple spin that free money amongst themselves...
Long past time for a REFUND or RETRIBUTION motherfuckers...
"Surging wage inflation.".......Lol....... Must be a piece from the Onion.
Yes, that is flat-out embarrassing. Now wages are only 40 years behind instead of 40 years and a month.
They'll get over it. Simply depression from cabin fever. As soon as spring hits...It's to the Fucking Moon!
Whats the left of the middle class is tapped.
The middle class is expanding because of the AFFORDABLE Care Act, Obama said so. Don't you know what AFFORDABLE means?
I'm about to cancel my plan because I think consistently being able to eat food is more important for my health than having coverage.
Eating is good for one's health. Starving to pay for health insurance- not so much. But maybe if i suffer niacin-deficiency psychosis, I can buy food under Obamacare?
"America's lifestyle expectations are far too high and need to be adjusted; people need to have less things in life"
"Excuse me, I need to go board my G6 to sell my $195M Beverly Hills home. Be comfortable with what you have plebs."
-Hugs
Jeff Green
So what's the play? Liquidate and buy tubes of Eagles? Hold deflating dollars?
Same play as the last six years; swallow the blue pill, and buy stawks and bawnds.
The 'Play' my good man, is Bering Sea gold in the Spring, Aluminum cans in the Summer, Appalacian Ginseng in the Fall, Indiana muskrats in the Winter, and handyman work in between!
Or monster boxes...
http://www.bloomberg.com/news/videos/2015-02-26/weekly-jobless-claims-un...
Shocker!
I wonder if they speak Spanish in these interviews...as half the responants have to only speak Spanish...illegals....and if you arethe average Joe...and you see all the illegals in your rocery store buying their food with SNAP cards...you would get a little depressed too....I am
Plus their tax refunds they never paid into.
Obama can't do enough for them.
Note the big run up in the fall of last year, when the GDP "surge" meme was being flogged mercilessly. Sheeple heard that and though they must be in for a big raise (or finally due to find that job). And then the reality set in as it was discovered to be merely an accounting gimmick by the Feds. Easy come easy go...
live charts...
quite amusing...
http://www.livecharts.co.uk/MarketCharts/silver.php
That's what happens when you get squeezed like a Boa constrictor.....pressure !!!!
they just desperately have to manage perceptions that "you shoudnt run into the only 2 forms of real money which we free u of our control...."
fail.
The public is quite aware of their plight, but they have no voice as the people they elected are deaf. Seems the elected get a shot of arrogance on arriving in DC. How do we fight this?
Those damned "consumers" are ruining EVERYTHING!!! Buy Damnitt......BUY!!!!!
Obama has his health care cock in my ass.
Hillery has control over the words in my mouth.
Eric Holder has me by the Gonads.
And US & Foreign Interest Groups are sending me to War, Stripping me of my pension, retirement, savings, while depriving me of God Given Right to Interest on My Bank Savings... Plus obviously Interest Groups have been fucking my Patriarchs...
My Congress men and women are no longer mine.
It is sad and tragic. Like a Greek Tragedy. Exactly.
In Science, in University, in Government, and in Banking... we have not real regulation. We are self regulating.
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--- Teeth's US Dream Anthem --
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- It is 1 Minute to Midnight: Neo-Feudal Debt Slavery & nuke war
- Problem is Bankers, Politicians, Lawyers & Judges
- Failure of Self Regulation of Bankers, Politicians, Lawyers & Judges
- US Constitution is Usurped, Gone are Budget Powers, Legislative Powers, War Powers
- Money has taken over the Government, Banking, Universities, Science
- American Dream is over, Corruption is the same in all Countries now
- Old American Dream may serve as basis for new Country someday
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--- Teeth's US Dream Anthem --
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I turned on my TV this morning and there were cute blondes in short skirts talking about world events and how important it is for women to get more of everything for some reason or another.
I’m confident things are OK!
This will continue for YEARS. The end is not nigh, its a long way off.
You are right, and mark this prediction now...unless something seriously changes.....whichever lunatic the democrats offer up will be the next president of the country.
Why? And I know it's just a game to, well, you know, give you the illusion of choice, but the republicans were given a chance to show they were diffferent, overwhelmingly defeated the dems....what was the reward 'the American people' got? Steely Dan in the ass.
Believe me when I tell you, the right in the country, and good Americans, will not tolerate it, and they will do what they did to Romney....they will identify the republicans as being worthless and weak, and just the same. They will stay home and not vote.
If we don't have some new maniac nut case (Warren, Clinton) we will have "some kind of catastrophe" like weather, war, or maybe some kind of 'terror event' here in the US next year, we will be subjected to King Obama taking his third term. You'll see.
Warren is "a nut case"????
Surging wages? Really Tyler's .¢13 an hour, is surging. Wow $5 a week with that 32 hour work week, and happy days are here again. Superlatives like "surging" should be left to sell side analcyst and CNBC journalists.
Hyperbole is the modus operandi here. Probably always will be.
It's really not about the truth so much as about helping wreck bastions of western power. Everything in service of the revolution is deemed good and valuable, and the truth is just another commodity.
Truth?
"Power is truth."
No shit... surging wages??? WTF?
Bloomberg IS the enemy. Well, one of them.
Wage inflation? Maybe for those in the upper echelons.
Laughable post meant to rile the troops.
...and yet, USD is up a buck to 95.19 so far this morning.
Plenty more room for additional US QE, so bend over and say ahhhhhh.
Though, it does seem like a good time to buy physical PMs while the Dollar is on the rise.
I don't really get the point of this post. The consumer comfort has risen rapidly during 2014 going from the lower 30"s to mid 40's
The fact that it now dropped a few points doesn't really change anything.
Seems that Tylers these days have to shout that everything is going to hell when you go up 50% and then drop a few %. And I'm not just talking about this example.
Sheeple are very comfortable right now, just slightly less than they were a month ago and a ton more than they were last year. I don't see the problem.
Or....maybe it's just a shitty post. As good as the organization that provided the data. The organization headed by the man that decided you can't make a decision about how much soda is too much soda.
Crushed by taxes from every direction, job losses and soaring unemployment, it's wonder the consumer has any confidence at all!
I dunno about you poor faggots, but I´m richer than ever!
Let me enjoy it while it lasts! And ffs, gimme some more clicks!
I wonder if you ... hell any WS trader can remember the last time a market closed down? S & P up 6 % month to date. Yes annualized at 72 % WAHOO! BUY!!! It will never, ever be this cheap again.
Interesting stat - ~ 40 % of traders on WS have NEVER seen a Fed Rate increase. Heh.
Thanks FUF! (Fuc*ed Up Fed) - you bought this and you will pay some day. It will not be purty.
Of course WAIT - there is more. EU ECB starts its round of QE tomorrow so every world market will set yet more reacods to blow out the best February since 2000.
Pretty fucked up when the guy making $10.50 an hour is "the haves".
Surging wages....Haaaa
WTF is "surging wage inflation"!!!??
"Surging wage inflaton"? Really?