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UMich Consumer Sentiment Drops, Misses By Most Since 2006
Since January's exuberant peak, UMich consumer sentiment has drifted lower. Expectations for July's preliminary data was 96.0 but the 93.3 print is the biggest miss since 2006. Both current and future "hope" conditions dropped markedlywith details showing American sless certain about retirement, less confident about income growth outpacing inflation, and businesses considerably less confident.
Charts: bloomberg
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Chokeslam! Tombstone piledriver!
Break $1130 I dare uuuuuu!!
2,000 Univ of Mich students are pissed they still haven't received their i-watch
Consumers in Michigan?
Yep. We deal with major retailers, and represent multiple vendors as their sales agents.
The basic replenishment programs we have in place have been weakening all year. I told my partner several months ago that this was starting to feel like 2008. I was at a 600 store chain on Wednesday, and my buyer had to cut our meeting short, as he had to go to ahnother meeting to discuss why one of their categories was not performing to projection (which meand they bought the goods, but the goods are not turning as planned). Business is continuing a slow slide downward.
Not to worry - Yellen raising rates in September will fix everything
Thanks for putting a first hand face on what we've been experiencing for quite a while.
They'll find a good excuse for this, it's an opinion poll and apparently the opinion is the economy sucks, so BTFD......
Is all good, VIX is still at 12.
Guaranteed way to make BIG MONEY: When the market is looking like it's finally going off a cliff and the VIX is above 15, put everything you have in XIV. On this last go around you would have made over 25% in a few days. XIV is the fed's desperation gauge...when things start to fly apart and the vix is getting elevated, they will pound down the vix, and the XIV goes through the roof...check it out.
OK, so what? Markets at all time highs. HFT algos aren't consumers and they are controlling the markets. Everything else is irrelevant.
EVERYTHING is FINE!!! Read this and then throw up on yourself a little bit...
http://finance.yahoo.com/news/fear-not-vix-signaling-clear-110000172.html
www.youtube.com/watch?v=StTqXEQ2l-Y
ObamaCare diverted all my discretionary income to Michelle's vacation fund
It's a bullshit cooked stat anyway ... about as reliable as "US Unemployment at 5.3%!"
If it ain't the worst since Lehman then it ain't the worstest.
Consumer: "How am I going to go to Macy's to buy a Summer dress and my Husband a few ties when our A.C.A .premium is $457 a month?"
My 'getting by on my good looks' peaked in the early eighties.
$457? More like a grand. My wife and I are both fit, healthy 30 soemthings. I have not even gone to a doctor in over ten years since a college physical. For she, I and our infant we are now at $1,600 through her employer. The quote for me on a my own by Blue Cross was $600! Thats with a $12,000 deductable. The fucking baby is $550! ACA is a second mortgage for us. Fuck you Obama, inusurance industrie's house nigger.
$457? More like a grand. My wife and I are both fit, healthy 30 soemthings. I have not even gone to a doctor in over ten years since a college physical. For she, I and our infant we are now at $1,600 through her employer. The quote for me on a my own by Blue Cross was $600! Thats with a $12,000 deductable. The fucking baby is $550! ACA is a second mortgage for us. Fuck you Obama, inusurancce industries house nigger.
Retirement? LOL. If you ain't .gov worker, good luck with that.
Count only the answers in si or no and that chart will skyrocket.
A tsunami of diarrhea was sighted off the coast of the land of Floundering. The government officials stayed true to the playbook and urged citizens to grab bowls and spoons to make it easier. Anyone caught adding stool-thickener to the waters would be labeled as a non-privileged combatant.