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UMich Consumer Sentiment Tumbles As "Hope" Drops To Lowest Since 2014
After July's disappointing drop in UMich Consumer Confidence, August did not help. Printing 91.9, below expectations of 93.0, UMich is hovering at the 2015 lows. Both current and future sub-indices dropped with hope falling to its lowest since 2014 (biggest 7mo decline in 2 years). Income growth expectations dropped and business expectations dropped to lowest since Sept 2014. This follows the highest conference board confidence in 2015 and lowest Gallup confidence in a year. Bill Dudley will be disappointed after proclaiming this a key driver of The Fed's rate hike call (more important than jobs).
Charts: Bloomberg
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'TUMBLES' seems to be a stretch....
… how about “PLUNGES” ?
Tyler, it looks like the overlords at HSBC have folded up the card table and wished their employees a happy weekend without paying them.http://www.dailymail.co.uk/money/news/article-3214035/HSBC-customers-Ban...
2,000 Univ of Mich students are bummed there is no new iphone this year ......... and still have not gotten their iwatch
Oh - that just means we need more beatings.
(people must be made to be happy)
(no contrarian doomer BS allowed)
(all hail Kortan)
More beatings? Isn't TV enough already? LMAO
I find it interesting we haven't been over 100 since 2004- 11 years ago.
100 means "neutral" in this survey, by the way, not "super happy".
Once people found out Mr. Hopey Changy was just another douche in a long line of douches reality started to set in that no matter what the proles do they're fucked.
You ain't seen nothing yet. Wait til the masses get their new 2016 health insurance bills or find out how much the next Obamacare tax/fine will be.
I aint paying shit! I'm an illegal alien, so fuck you!
That's because the "super-happy" juice is being sucked away by MSU and Ohio State.
This isn't the change you were hoping for.
Johnny
Doesn't matter--backward looking indicator. It will tumble upwards next week.
But I thought all this "money" saved at the pump was supposed to make everybody feel better..... Oh wait gas is up 80c a gall and oil has been getting smashed.
Well, fearless leader gave us "Hope and Change". When you're out of hope, it's time to change.
Hope in Jesus at an all time high.
The only Saviour worth a damn.
consumer sentiment drops
consumer spending slightly increases .3%
Welcome to utopia
Misleading title: down some from the past year; otherwise substantially better than since before the recession.