Consumer Comfort Plunges For Longest Streak In 7 Years

Tyler Durden's picture

With business confidence collapsing, Bloomberg's Consumer Comfort index - after dropping to its lowest since December - plunged once again this week to 40.9 (from 42.4). This is the lowest since Novemeber and extends the losing streak to 7 weeks - something we have not seen sionce May 2008. This confirms Gallup's weekly tracking of consumer confidence dropped back to its lowest levels since early December 2014 with 53% of Americans now saying the economy is getting worse. Despite all the exuberance over lower oil prices, Consumer Comfort in The South is crashing. Perhaps even worse - for a consumer-driven economy - is that the "buying-climate"suffered its biggest drop since Dec 2011.

 

 

7th week in a row of confidence collapse....

 

Consumer Comfort in The South appears to be catching down to the plunge in crude...

 

Gallup's economic confidence index dropped back to 2014 levels also...

For the week ending May 24, 23% of Americans said the economy is excellent or good while 29% said it is poor, resulting in a current conditions score of -6. The economic outlook score of -11 is the result of 42% of Americans saying the economy is getting better and 53% saying it is getting worse.

*  *  *

Summing it all up...

 

 

Charts: Gallup and Bloomberg

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
kaiserhoff's picture

My consumer comfort has been going south for six years now.

NoDebt's picture

This is why Southern Comfort was invented.  In case of emergency, break glass.

What?  You thought they called it that for no reason?

pods's picture

7 years?  Yikes, goes all the way back to, well, Lehman.

pods

This is it's picture

u're such an uncomfortable consumer.

KnuckleDragger-X's picture

It's an opinion poll and the opinion is everything sucks, so full speed ahead because we're nearing rapids and things are getting interesting.....

CHC's picture
CHC (not verified) May 28, 2015 9:01 AM

"DIVE...DIVE....DIVE!!!"

buzzsaw99's picture

jowls can fix this with MOAR

NoDebt's picture

Are you gellin'?  Oh, yeah!  I'm I'm gellin' like Janet Yellin's a fellin'.

How bout' you, Doc?  Are you gellin'?

Dr. Engali's picture

Fire up those helicopters. Not the ones that will black bag us and escort us to the FEMA camps. The other ones, you know the ones that make it rain.

Bastiat's picture

So hit "sell gold" button.

Chuck Knoblauch's picture

Consumer comfort is code for Retail.

Stoploss's picture

Consumer confidence in the south is called Blue Bell...

They took that away, now going to send in the military for "drills", with no Blue Bell in sight for at least a year if ever...

100 degree heat.

No Blue Bell.

Military running around everywhere with guns.

 

One would be wise to avoid Texas for a vacation this year. It would appear.

Chuck Knoblauch's picture

You realize that the foot soldiers in JH15 are foreigners.

The US mouthpieces are for your benefit.

Foreign troops are the only troops that will fire on US citizens.

Another hell from your friendly neighborhood globalist.

Bastiat's picture

First we didn't need manufacturing; now we don't need consumers either.

kaiserhoff's picture

Soon we won't need voting machines,

  because the deep state will make all decisions in our best interests.

Dr. Engali's picture

 "because the deep state will make all decisions in their best interests."

 

There fixed that for you. BTW, they already are regardless of what those cute little machines tell them.

Bastiat's picture

We need some high frequency consumption algos to take over.

Chuck Knoblauch's picture

We are still in the destruction phase.

The gods promise better days ahead in the global empire.

the grateful unemployed's picture

try to imagine robot consumers at the self service checkout cursing the machine. item not in the bagging area, alert alert. oh shut up you stupid machine

NoDebt's picture

Jamie Dimon is definitely not feeling comfortable, either.  He just bitched out JPM investors who fought his cozy, board-approved pay package.  And that's why he's richer than you.  Because he complains and belyl-aches more.

http://www.cnbc.com/id/102713387

Chuck Knoblauch's picture

He does what he's told to do.

And he gets his treats.

NoDebt's picture

But not enough treats.  He wants moar.  I think the cancer has spread to his brain.  

Chuck Knoblauch's picture

It does what it's told, or else it gets the hose.

BB loves banksters.

Cruel Aid's picture

buying climate, what's that?

foodstampbarry's picture

Where's that 29.5 hour week guy? I wonder if he's confident.

Rubbish's picture

My comfort level has risen with my new purchase of a .357 revolver and a bunch of boolits.

 

Gold Bitchez.....I pick up pennies

TalkToLind's picture

+1 for .357, bullets and gold.  However those pennies:  there's no copper in them, just a bunch of worthless metal alloys colored to look like copper.  It's almost as if they came from a printer.

Ban KKiller's picture

CONfidence? Lack of! Gonna go swap some of my chicken eggs for spilt grain at the local brewery and fill up the growler too. No FRNs traded, black market baby! 

I find I can trade many things for my chicken eggs. Traded for some aged, composted horse manure and it was delivered! Two dozen eggs it cost. 

Working out a deal with thrift store manager. She likes eggs and I like buying used. Don't tell Yellen. 

Law and Order? Only applies to serfs as banksters are above the law. Can't beat them so join them! Heard some folks all around the country are taking over GSE "owned" homes and filing their own mortgages. Banks lie and forge so follow their lead! 

fremannx's picture

Consumers ahve nothing to be confident about, I'm afraid. The markets are peaking and the expected crash is now just around the corner.

 

http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...

21centurydragonslayer's picture
21centurydragonslayer (not verified) May 28, 2015 9:32 AM

What the Cabal has no more Potemkin Village reports? Wonder why?

Cabalists Are In Full Court Press; to Pull the Plug

http://winteractionables.com/?p=21310

roadhazard's picture

I checked out of that link when the planets started aligning. Pleeese.

J J Pettigrew's picture

Fed policy good for some.

JAMIE DIMOND  $20 million this year...

Nice Jewish boy doing very well.....

and why is the Fed paying on bank deposits with the Fed?

Mike Honcho's picture

Unleash the 'drone dropping $1' confidence booster program!

Fedtacular's picture

The Yellen picture is begging for a viking helmet and a sword.