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Consumer Confidence Soars In June On Spike In Hope

Tyler Durden's picture




 

As Gallup's Consumer Confidence plunges, The Conference Board's Consumer Confidence explodes higher from 94.6 to 101.4 (smashing expectations of 97.4). After missing by the most in 5 years in April, higher gas prices, market instability, and growing social unrest appear to be the perfect recipe for improved consumer confidence as The Conference Board data nears the highest since 2007. The biggest driver of the headline spike is the surge in "expectations" - in other words, hope - which jumped from 86.2 to 94.6, although expectations for higher incomes finally began to drop back to reality.

 

June's 101.4 print is near the highest sicne 2007...

 

Hope had fallen to its lowest level since June 2014 in May, but June 2015's spike to 94.6 nears the highest of the cycle. From hopeless to hopeful.

 

Charts: Bloomberg

 

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Tue, 06/30/2015 - 10:14 | 6253889 PartysOver
PartysOver's picture

Fools.  Government educated/indoctrinated fools.

Tue, 06/30/2015 - 10:22 | 6253932 XAU XAG
XAU XAG's picture

 

 

Hope always ends.........................at the end of a ROPE!

Tue, 06/30/2015 - 11:41 | 6254239 Funny Money
Funny Money's picture

long Hope!

Tue, 06/30/2015 - 10:25 | 6253948 BullyBearish
BullyBearish's picture

Must be the Flouride...

Tue, 06/30/2015 - 10:45 | 6254032 Ms. Erable
Ms. Erable's picture

They're banking on all of the extra economic activity that will be created through the purchase of wedding dresses and cakes by homosexual wedding parties in North and South Dakota.

Or they're completely full of shit.

Tue, 06/30/2015 - 11:33 | 6254209 KnuckleDragger-X
KnuckleDragger-X's picture

The Titanic is completely unsinkable.......

Tue, 06/30/2015 - 10:55 | 6254069 Mr. Magoo
Mr. Magoo's picture

And Chemtrails, SSRI,s, GMO,s, Vaccines and the end of  The Smith-Mundt Act

Tue, 06/30/2015 - 11:05 | 6254106 PartysOver
Tue, 06/30/2015 - 11:17 | 6254139 lehmen_sisters
lehmen_sisters's picture

I'm guessing the sales of anti-depressents follows this trend line as well.

Tue, 06/30/2015 - 11:07 | 6254109 813kml
813kml's picture

"I love the smell of hopium in the morning."

Tue, 06/30/2015 - 10:15 | 6253901 MFL8240
MFL8240's picture

This shit is getting hard to read!

Tue, 06/30/2015 - 10:16 | 6253909 Dr. Engali
Dr. Engali's picture

I find a shot of Crown makes that task little easier 

Tue, 06/30/2015 - 10:24 | 6253941 NoDebt
NoDebt's picture

You can buy a 3-pack of 2.00x reading glasses from Rite Aid for about $8.  That's what I do.

Tue, 06/30/2015 - 10:15 | 6253905 Dr. Engali
Dr. Engali's picture

CONsumers are happy because June is the month we get to celebrate our gayness in America. Isn't it fabulouuuuuus? 

Tue, 06/30/2015 - 10:22 | 6253927 NoDebt
NoDebt's picture

I'm not a gay black woman, but I now identify as one.  I hope this doesn't change things between us or I'll have to call you a racist, bigoted homophobe.

How did our country get so bullshit so fast?  I'm guessing 'years of practice'.

Tue, 06/30/2015 - 10:27 | 6253956 Dr. Engali
Dr. Engali's picture

"How did our country get so bullshit so fast?"

 

That's the question I keep asking myself. Over the years it's been like a slow motion train wreck and now it's like the whole country went fucking insane overnight.

Tue, 06/30/2015 - 10:33 | 6253973 FreeShitter
FreeShitter's picture

This is an easy question to answer......zionism mixed with political correctness. In otherwords the Protocols of Zion have been fully implemented. It seems like overnight because it literally has.

Protocol I The Basic Doctrine
Protocol II Economic Wars
Protocol III Methods of Conquest
Protocol IV Materialism Replaces Religion
Protocol V Despotism and Modern Progress
Protocol VI Take-Over Technique
Protocol VII World-Wide Wars
Protocol VIII Provisional Government
Protocol IX Re-education
Protocol X Preparing for Power
Protocol XI The Totalitarian State
Protocol XII Control of the Press
Protocol XIII Distractions
Protocol XIV Assault on Religion
Protocol XV Ruthless Suppression
Protocol XVI Brainwashing
Protocol XVII Abuse of Authority
Protocol XVIII Arrest of Opponents
Protocol XIX Rulers and People
Protocol XX Financial Programme
Protocol XXI Loans and Credit
Protocol XXII Power of Gold
Protocol XXIII Instilling Obedience
Protocol XXIV Qualities of the Ruler

Tue, 06/30/2015 - 12:07 | 6254346 farflungstar
farflungstar's picture

Oops you hurt the feelings of some miserly little Chosenite. We have been reminded ad infinitum that the Protocols are an antisemitic FRAUD! No basis in fact! Hateful lies!

No wonder they will hurl their epithets, trying to explain it away with rationality and facts would make Chosenite heads explode.

Tue, 06/30/2015 - 10:33 | 6253982 Consuelo
Consuelo's picture

Oh Thtop it...

 

 

Tue, 06/30/2015 - 10:15 | 6253907 Arnold
Arnold's picture

I Hope every thing is alright with YOU.

 

 

--Hallmark

Tue, 06/30/2015 - 10:18 | 6253912 Bobbo
Bobbo's picture

It looks like Fairyland!  It's OuterSpace and it's just so BeautiFull.

Tue, 06/30/2015 - 10:17 | 6253914 City_Of_Champyinz
City_Of_Champyinz's picture

Do we get a Stalinist 'hope' poster with this dose of horseshit?

Tue, 06/30/2015 - 10:23 | 6253937 Dr. Engali
Dr. Engali's picture

Yeah, it come in the form of an Obama flag:

 

http://goo.gl/UPWiC4

Tue, 06/30/2015 - 10:33 | 6253979 City_Of_Champyinz
City_Of_Champyinz's picture

It is quite apropos that Obama is scowling on that flag.  What a piece of shit.

Tue, 06/30/2015 - 10:20 | 6253925 Soul Glow
Soul Glow's picture

People are getting whipsawed.  The markets have people dizzy from all the hopium mixed with shit dust the Fed sprinkles on everything.

Tue, 06/30/2015 - 10:29 | 6253964 oakland57
oakland57's picture

My confidence soared when I got my money out of the bank.  There was a bank fee every step of the way which nulified all my interest even though I cashed out at maturity.  In Chinada we've had bail in legislation since 2013 and they will use it.  Pay their fees and flee if you still can

Tue, 06/30/2015 - 10:34 | 6253990 Consuelo
Consuelo's picture

G.O.T.S. ---- NOW.

 

 

Tue, 06/30/2015 - 10:34 | 6253987 dimwitted economist
dimwitted economist's picture

i remain CONFIDENT that i am correct. that eventually Gold will be wise to own... and that the stock market really will crash and burn.. (as it ALWAYS Does!)

Tue, 06/30/2015 - 10:36 | 6253995 MFL8240
MFL8240's picture

Consumer confidence is up and retail stores are empty.  Sure, we all belive this report!

Tue, 06/30/2015 - 11:01 | 6254086 thepigman
thepigman's picture

Wake me up on Hispanic low-wage jobs Friday:-) You white guys just don't understand HOPE:-)

Tue, 06/30/2015 - 10:47 | 6254041 razorthin
razorthin's picture

Sure it does.

Tue, 06/30/2015 - 10:48 | 6254047 KansasCrude
KansasCrude's picture

The amount of BS being commandered to address the present malaise is beyond anything I had anticipated.  The depth of the the well of deception, lies, and criminality has exceeded the bounds of my imagination.  It is truly a no holds barred desperation that frankly scrares the living shit out of me.  The corruption on display is humbling beyond words.  Where will it all end?  My hope for something reasonable is shot to hell. 

The wrath of hell is upon us.

Tue, 06/30/2015 - 10:50 | 6254053 razorthin
razorthin's picture

We must NOT but HUMBLED.  We must be ENRAGED!

Tue, 06/30/2015 - 11:22 | 6254159 Arnold
Arnold's picture

Some of us need to stay rational there, RT Bomb Thrower.

Your anger issues are legend, even outside the LGBT community.

 

 

 

Tue, 06/30/2015 - 13:56 | 6254878 razorthin
razorthin's picture

Fuck that.

Tue, 06/30/2015 - 10:51 | 6254059 Scooby Doo
Scooby Doo's picture

They have been legalizing marijuana lately - might be the cause of that hopey thingy. 

Tue, 06/30/2015 - 10:58 | 6254076 madbraz
madbraz's picture

on other news, corruption among economic survey reporters surges to all time high.

 

you don't get audited or risk going to jail when reporting these pathetic, made-up confidence numbers.  

Tue, 06/30/2015 - 11:00 | 6254088 SHsparx
SHsparx's picture

Preppers prepping?

Tue, 06/30/2015 - 11:01 | 6254091 The Carbonator
The Carbonator's picture

WTF?  With all the shit hitting the fan confidence soars?

Tue, 06/30/2015 - 11:05 | 6254105 Bill of Rights
Bill of Rights's picture

Makes me want to go out and take on thousands of dollars in debt...... Not.

Tue, 06/30/2015 - 11:15 | 6254133 BeerMe
BeerMe's picture

I'm not seeing it.  People still aren't buying bigger ticket items.  June has been the worst month this year for larger purchases.

The government is lying to average out the numbers.

Tue, 06/30/2015 - 11:20 | 6254154 dimwitted economist
dimwitted economist's picture

yes. the Government is LYING!!!!!! (again)

Tue, 06/30/2015 - 11:20 | 6254155 Yen Cross
Yen Cross's picture

  Seriously, where do they get these numbers? They must stand outside of TityBars in D.C. on EBT day handing out $10.00 Walmart gift cards to drunk patrons if they'll answer a few questions.

Tue, 06/30/2015 - 11:51 | 6254281 farflungstar
farflungstar's picture

No hope without dope.

Tue, 06/30/2015 - 12:10 | 6254362 surfvin
surfvin's picture

Consumers are confident that things are t-totally fucked up!

Tue, 06/30/2015 - 12:11 | 6254368 Lookout Mountain
Lookout Mountain's picture

Must have been surveying inside the Beltway.

Tue, 06/30/2015 - 12:40 | 6254479 BoPeople
BoPeople's picture

Evil is Good, Hope is Fear, Black is White, Wrong is Right.

Tue, 06/30/2015 - 12:41 | 6254486 Lordchamp
Lordchamp's picture

The bread and circus of the warm summer sunshine.

Tue, 06/30/2015 - 13:00 | 6254594 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

I bought groceries yesterday. I guess that make me a confident consumer.

Tue, 06/30/2015 - 13:11 | 6254649 Colonel Klink
Colonel Klink's picture

What fucking bullshit, the "consumer" is broke, broke, broke.  Only confidence they seem to have is that government will keep doling out the money.

Tue, 06/30/2015 - 14:11 | 6254948 Kelley
Kelley's picture

Hopium: now available in 6 rainbow flavors all tasting like sh**.

Tue, 06/30/2015 - 14:14 | 6254957 Kelley
Kelley's picture

It must be all those higher egg prices that makes people feel so extra confident.

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