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UMich Consumer Sentiment Tumbles Most In 16 Months
Despite modestly beating the flash print earlier in the month, it appears consumers are less enamored with how awesome everything is in America. Printing 95.4 against January's 98.1 - this is the biggest MoM drop since Oct 2013. Both current conditions and future expectations dropped from January with fewer people expecting higher incomes, and a plunge in favorable business expectations over the last few months.
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Get back down in the 70s where you belong, bitch.
(100 is "neutral", by the way)
A few more snow flakes and it might get there. /s
U of M???? they SUCK! translation.. this report means NOTHING! thank you president obama..
(MarketWatch) -- There was an upward bump in the final reading of the University of Michigan's consumer sentiment report for February, but the index still fell for the first time since July. According to published reports on Friday, the sentiment index was 95.4 in February -- up from a preliminary reading of 93.6 but down from January's 98.1 showing. Sentiment has been boosted in recent months by the steep slide in gasoline prices and by the gains in employment."
guess its all in how u spin it...
fucking bullshit everywhere.
i thought it was supposed to track the stock market
Let me know when this UMich garbage becomes relevant and I will give a s*** that you were expecting.
No body left to call in Mich except FSA recips. Of course everything is awsome when it's free...
Off the back of somebody else.
I blame ISIS. They are coming for us here in Indiana:
New ISIS-related arrest confirmed in Indianahttp://wgntv.com/2015/02/27/new-isis-related-arrest-confirmed-in-indiana/
I'm scared.... hold me.
"There are active investigations in all 50 states."
“The six Bosnian nationals are charged with plotting to send money and weapons to ISIS fighters in the Middle East.”... only the US Oligarchs, their corporations and political minions can “legally” do that.
LOL.
So what percentage are we now up to in misses? 91%? 92%?
The only reason this went down is they actually included 15 normal-people-interviews to dilute their routine interviews with 2,000 obama admin officials.
Federal Reserve QE4, QE5, QE6, QE7, QE 8, QE9..... QE20 here we come.
Only option for the Federal Reserve PhDs is to do the only thing they know how to do and that's print.
LOL, Abeonomics in the US.
Federal Reserve heads, worthless economics PhDs.
Counterfeiters out of Leavenworth prison could have given you a better education.
Does this help explain:
George Katona (6th November, 1901, Budapest - 18th June, 1981, West Berlin)[1] was a Hungarian-born American psychologist who was one of the first to advocate a rapprochement between economics and psychologists. He graduated with a doctorate in Experimental Psychology from the University of Göttingen in 1921, and worked in Germany until 1933, both as a journalist and as a psychological researcher. Originally trained as a Gestalt psychologist working on problems of learning and memory, during the Second World War he became involved in American government attempts to use psychology to combat war-induced inflation. This led him to consider the application of psychological principles to macroeconomics, devising measures of consumer expectations that eventually became the University of Michigan Consumer Sentiment Index. Use of this index enabled him to predict the post-war boom in the United States at a time when conventional econometric indicators were predicting a recession, a success which helped his fledgling index establish itself. Katona wrote numerous books and journal articles advocating the development of economic psychology. These general ideas were taken up more fully in Europe than in the United States until the development, after his death, of modern behavioral economics.
Running out of lipstick for the pig! ROFL.