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UMich Sentiment Shows Wage Growth Delusion Has Never Been Bigger (Or Fed So Far Behind The Curve)
Preliminary June UMich consumer sentiment data rose from 90.7 to 94.6 as respondents appear very excited about soaring gas prices and far more excited abiout stocks than every other confidence survey recently. Current conditions soared from 100.8 to 106.8 as expectations only rose from 84.2 to 86.8. Where does the hope come from? Simple... income expectations are the highest since 2008 and the most divergent from reality ever.
Are we still rolling over?
Hope triumphs over reality...
As hopes for houshold finances remain mired in total farce...
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Alternatively - Is The Fed already FAR behind the curve on tightening as wages are set to soar?
Charts: Bloomberg
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How in the fuck can you have this high of income expectations, does the balance on the EBT card count?
0.25% rate hike next week ?
pullease......
"talk" of a 0.25% rate hike in September
don't mean to be rude but which part of delusion you did not understand?
There is a difference between delusion and hallucination and we're well in to the opium dream phase.....
We all know things are F'd, but this headline belongs on the Onion!
Maybe that's it, Obambucks for everyone! Why not, the Fed prints and delivers to the 1%, Obama distributes to The Folk.
ROFLMAO!
"Michigan" survey, steaming crock of bullshit.
No doubt they are calling and asking upper level management in .gov, and bank C.E.O.'s.
My thoughts exactly.
At least among those I know, almost all are incredibly pessimistic of wage growth in the near future, having had their 'hope' beaten down again and again and again over the last decade of 'recovery'
An opinion poll masquerading as a factual predictor, this will end badly...
The sheeple are brainwashed into thinking thinks will get better in the future.... US zombies
the MORONS are about to get a Chinese enema
I have as much confidence in the assessments of the U.S. consumer as I do the U.S. voter.
the IQ of America is at an all-time low
Scotty, beam me up - please !!!
As Mark Dice shows, America is severely dumbed down. Problem is 'ya can't fix stupid'.
the gap between household finances (what people think they're worth) and actual income (what people are actually worth) is what drives dipshits to spend on high interest credit.....which is exactly what TPTB wants..........winning!
Hm. Suveys? Printing paper: it does not matter much what is printed on it, as long as it generates income for the printer. Next you know, it'll be death certificates.
an IDIOTIC indicator for consumption by IDIOTS
by, for, and of IDIOTS !!!
Just jerk yourself off with one hand and use the other to click mouse and buy small caps. It will all work out. You know there is nothing that will stop these relentless motherf*ckers.
All those bachelor-degree-holding waiters, bar tenders, and fast-food workers are banking on that $15 Min wage to help pay off the student loans for their Communication Studies degrees. HAHAHA if I didn't laugh, I'd cry.
That is honestly the first thing which crossed my mind too -- ripples and rumors of minimum wage increases got the proles all giddy. Folks need to remember that it is not actual bad conditions which cause revolutions so much as dashed expectations of improvement in bad conditions.
https://www.frbatlanta.org/cqer/research/gdpnow.aspx
Must be the Atlanta GDP now that has jumped more than 1 % over the last week. Damn, that is one hot economy!
Delusion, its what's for dinner.
If UMich/Reuters consumer confidence where FIFA, they'd be all in jail long time ago.
People out there who can't tell the difference between virtual and real world values, they are killing us...so let's start with Obama, Biden...and so on..
http://ducknetweb.blogspot.com/2015/06/virtual-world-values-and-real-world-we.html