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Global Consumer Confidence Tumbles
Consumer confidence deteriorated in most countries in July.
While some of the deterioration was likely due to sentiment effects around the situation in Greece/Europe and the market volatility in China, rather than fundamental deterioration (which will be confirmed at the end of August if sentiment rebounds) it is worth paying attention to the trends in global consumer confidence, as it generally tends to reflect the prevailing global macro winds.
Indeed, if you track the trends in consumer confidence against changes in bond yields, you can see a loose relationship (which would be logical as falling demand is consistent with falling bond yields).
The further drop in oil would tend to be supportive for consumer confidence meaning we would probably would expect to see a rebound in the August numbers (which will be available in early September) – something to keep a close eye on as a warning sign for global demand.
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All that governments need to do now is to ask central banks to make up money which they can lend and give those who made up the money every remaining real asset and I'm sure confidence will be restored.
But what bothers me... is there any ZH reader who ever filled in a questionnairy about hOw they felt during this month?
How do they make up the numbers?
Confidence = beer consumption x drug consumption + hookers / marriages x birthrate =
Is it just me or are those totally useless graphs? I'm supposed to draw some gloomy/doomy conclusion from said illustrations? I'll admit to being statistically challenged but teeny blips and repeated correlations (or lack thereof) look pretty dang random. Like I said, it must just be me.
"The further drop in oil would tend to be supportive for consumer confidence" ... because its unequivocally good...
Fellow Boaters Beware snoopy kids!
google...
chron
/article/Teen-finds-gold-bar-while-swimming-in-German-6439745.php
I read that last week and tought to myself...self what would you do in that situation?
Well I can assure you that it would have never made the papers.
Finders keepers...
I am sure the police will work very hard at locating the original owner... or perhaps not! It's for the greater good.
Hey! That's mine! I wnat it back! Fonestar and Satochi told me a gold bar in a lake was just like Bitemycoin
yawn
The depression never ended, just people's perceptions.
It only cost $11+ Trillion of debt heroin and the future.
In the 50's, the minimum wage was $2.50/hr. It took two years of minimum wage labor to purchase a decent house for around $10,400. (10,400 silver dollars).
Today the minimum wage is $7.50. A decent house is probably $125,000 (@ todays $15/Silver oz = 8,333 Silver oz) = 8 years wages. hmmm...
You do the math for your neighborhood. The point is that when people say money is worth less than "before", fiat is what they mean, not Silver Dollars.
It is all about the ordinary people's income and asset value collapse that no longer can be placated by financial disruptive creations out of thin air.
This is global demand stupid. All those oligarchs cannot eat all those billions of hamburgers or buy millions of cars even if they wanted. Gluttonous physical goods consumption of 0.1% has its limits in contrast to financial illusion goods that can be devoured in feeding frenzy without the end leading to the brain indigestion and moral death.
We should get together and rescue those greedy addicted bastards of money and relieve them from their burden of few tens of trillions $, they stole from ordinary people who work for living, you know for their own good before it is too late.
As usual the surgery will be bloody and painful for patients as well for doctors.
If you are decent, responsible person who works for living wage you are a slave and here is why:
https://contrarianopinion.wordpress.com/2015/01/28/slaves-of-wage/