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UMich Consumer Sentiment Drops For 2nd Month In A Row, First Time Since Oct 2013
For the first time since October 2013, UMich Consumer Sentiment dropped for consecutive months (printing a final 93.0 for March down from 95.4 in Feb, but above the flash print earlier in the month). Under the surface there are concerns with an increasing number of respondents noting that household finance are worse than 5 years ago, and an increasing number of people seeing now as a "bad time to buy" a house or car.
Charts: bloomberg
Charts: Bloomberg
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BS.. my "expectations" are NOT being met!
I'm so happy, I just shipped my pants. You shipped your pants? Yeah, I shipped my pants.
(I think I'm gonna do the whole day today using nothing but tag lines from old commercials. I'm THAT bored.)
UofMich Methodology Actual Consumer Survey Transcript:
{Some $8/hour baked student sits at card table and uses landline phone to call randomly selected "consumers."
Calls first survey participant in French Lick, Indiana:
60 year old person watching QVC answers
"Scrote, you feel like economy is sick or illin'?"
60 year old: "What's that, Billy?"
"Scrote, how you feel 'bout 'conomy?"
60 year old: "I have to go. My Alpo is going to burn if I don't turn the stove off, Billy." Click.
{Unaware he's speaking to dial tone now.} "Aight. I put you down as 7 out of 10. Peace out, scrote."
http://finance.yahoo.com/news/billionaire---your-life-is-going-to-stink-...
Immediately placed on terrists watch list for his negative comments, and added to the "Never ask back for interview" list.
Yes, your life is going to stink and you will pay more for that stink.
"what's that smell?'
"It's my life."
"who's life smells like ass?"
Answer: U of mushagain grads
Paul Krugman disagrees.
I think they are finally being forced to put some reality in this survey because nobody believed the bullshit of the past surveys constantly going straight up when everything in the economy was going down...
this must be the reason why the Dow just rocketed green and why the phony Silver paper price was dumped at the open in London and New York again right under $17.....
it so fucking obvious......
Said it before and I'll say it again. There are 2 scenarios when they conduct these surveys. There is only one way the survey can show a positive ...
Scenario 1:
. . . Surveyor: "Hello sir, got a question. Did you get laid last night?"
. . . Random guy: "Fuck yeah man, nailed her hard. It was great."
. . . Surveyor: "Sweet. And how are you feeling about the economy today?"
. . . Random guy: "Got me some ass. Economy is great."
Scenario 2:
. . . Surveyor: "Hello sir, got a question. Did you get laid last night?"
. . . Random guy: "No. Fuck the world."
. . . Surveyor: "Thanks. No further questions. Have a great day."
. . . Random guy: "Yeah, fuck you too."
Declining sentiment only means people aren't getting laid as much.
hence it is known as the leg over survey
This is all because Michigan St. made it to The Sweet Sixteen
the manipulation of statistics / metrics - is now getting critical for corellation - they cant keep their act together
to many detail levels being watched for input to the next level - keeping it all coordinated is a major problem
I made a call down there. Now their getting it right!
http://finance.yahoo.com/news/consumer-sentiment-slips-march-bad-1412406...
Keep Calm and Blame it on the Rain.
Still up around 2004 levels. Ah, such insight the consumer has.
The JOKER says buy.