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What European Policymakers Really Care About (In 1 Simple Chart)
When it comes down to it, all that matters is 'the market'. With European consumer confidence at its highest since 2007, and European unemployment barely off record highs, there is only one thing that European policymakers really care about... and it's not 'the people'.
And that is why Draghi is pumping QE... because confidence is everything (and it appears unemployed people are not surveyed for confidence expectations?)
Charts: Bloomberg
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But what about the hookers?
hookers blow while you snort blow from the ho's cameltoe
i went to art school
Comment of my morning. Thanks for the visual impression. The best thing about ZH is the comments section.
In europe hookers suck and swallow!
Real unemployment is 25%+
https://www.youtube.com/watch?v=qWyDgJlvbzE
so..same as the talking heads in USSA...S&P high? everythings fine
The economy IS consumer confidence.
They will print and loan all that we will take.
All it takes is confidence, the single most dangerous delusion in the world.
The financial system is based on confidence trickery.
Its a con game, con tricks all round. Keep the con juice flowing and your makin money. Once it seizes up like in 2008, they call it a credit crunch, depression, deflation, doomsday etc
Yes, the same. The more unemployment the more consumer confidence.
The system is running entirely on scam.
And because they've become so target focused, that's WHY it will, ultimately, fail.
DavidC
um, high unemployment IS THE POLICY
As individual productivity and motivation fades, they are printing money as a means of redistributing to the dead weight in order to sustain the rest of the machine. If those falling off the end of the food chain were left to their own devices we would have riots in the streets and if they directly taxed people to pay for it they would revolt as well. This way everyone "wins", especially those driving this bus. By the time we get to our final destination it will be too late to get off.
Since when is consumer confidence a mirror image of the stock market???
A: When you mark to fantasy rather than mark to market. It's the ultimate mark to model failure example we have, or the failed Fed experiment.
european markets totally insane
the french CAC40 ...
In a mass hysteria, is it the calm person who is nuts?
I wonder...
it's mass euphoria
Tiny bubbles....
Validation that the consumer confidence survey in any region is an indicator of disconnected plebs.
In this economy, more of an indicator of mass delusion. But if we are all happy, WTF?
and... another round of... projection
as a reminder, 80% of the Q€ is in the hands of the EuroSystem's NCBs