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Consumer Comfort Plunges As Buying Climate Crashes Most Since Lehman
Bloomberg's Consumer Comfort Index dropped to its lowest since November having fallen 9 straight weeks (despite all that exuberant equity market hope). Under the covers the situation is even more worrisome as the US consumer propensity to 'buy' has crashed by the most since Lehman. The drop in high income earners' comfort continues to diverge from the new highs in stocks...
Overall Consumer Comfort has fallen 9 straight weeks...
As The Buying Climate collapses...
And even the rich have given up...
Charts: Bloomberg
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Recovery. So Janet, 25 or 50 bps?
Tyler, I think you use "Most Since Lehman" now just to mess with us.
I don't see it here quite as much as a few months ago. So I'd say the use of the phrase "most since Lehman," is not the most since Lehman.
Most. Since. LEHMAN!!!
Bitchez...
You forgot LehmanTM
Consumer comfort still on a solid uptrend.
I will gladly loan you money till Tuesday (2025) to buy my hamburger today, and will happily accept your excrement as collateral to boot! Return on Investment, no?
Winning!!!
I wish I had gotten in on the 100 year Mexican bonds, that's some super shiny right there.....
How did consumer confidence crash when just this morning it was reported that retail sales went up 1.2%. Somebody is telling a fib.
Ball In Yellen's Court As Retail Sales Rebound Driven By Rising Gas Prices
Only Larry fucking Kudlow categorizes higher prices paid as "increased consumption."
What a total fucking fraud along with all the other "log cabin Republicans."
"Just cover me while I loot Generlissimo!"
Because we are spending to salve our depression???
How do you think we got here anyway?
We can double or triple seasonally adjust consumer comfort to get it on its correct trajectory.
Besides, we can divert the attention of the American public with frightening ISIS videos made in Langley.
Forward.
High earners have been targeted by all kinds of stealth tax increases over the last decade, whether by outright taxes or by offering tax breaks only to people below an income threshold. This has given high earners the ability to better see what is coming for all.
Trickle down taxation, expropriation and finally...outright theft.
These "high" earners, you mean the ones who get high at work ? They have some kind of drug induced precognition ?
Until the fiat is retired and payments are settled in precious or something as good, the purchasing power of the dollar will continue to fall for everyone. Why do you think the banking system has been syphoning so much money via the FED's QE and now whatever stealth QE thats being run. The USSA now is just a system of rackets, with the FED sitting at the top of the ponzi, controlling interest rates and its taken forever to convince a handful of people of this. The rest are only concerned with Jenners mental health strut out.
Didn't they read the Onion article about being comfortable !!!
LMAO these crooks have ramped the DOW by 320 points(2 day) on nothing but crappy news.....Its effing preposturous.
They are doing it for us.
As EVERYTHING has been to instill confidence in a sham, and they have repeatedly referred to the stock market as providing a "wealth effect", they truly believe they can blow enough hot air up our ass to inflate this fucker. True believers in their own bullshit to the very end. A terrible collapse will truly come as a shock to them (if they would ever acknowledge it) because they could never imagine that they were wrong. As Hilsenrath succinctly pointed out and helped establish as the coming theme, ultimately the economists were right but we simply didn't spend adequately, like human nature could have never predicted it.
Bankster overlords do not give a crap about the comfort of the debt serfs.....FORWARD!
Yeah but wait till all the sheep gets 15! bucks an hour! They'll be buying shit like crazy again.
I know I will be standing in line for a $12 Big Mac. You?
While you may have heard about a time when these payouts were tax-free, that is no longer the case. In short, Social Security benefits are taxable.
http://www.msn.com/en-us/money/personalfinance/will-the-government-tax-m...
you are making me hungry for lehman meringue pie and lehmanaide... I am depressed because I bought a car and its a lehman....