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Italians More Confident Than Germans For The First Time Since 2009

Submitted by Tyler Durden on 10/29/2015 12:00 -0400

The latest batch of European consumer confidence data is a very mixed bag. On the weak side, the French continue to be miserable, notable outliers to the rest of the majors, and German confidence has now fallen for 7 straight months. However, Italians have not been this confident since 2002 and for the first time since 2009, both Italian and Spanish consumer confidence is higher than Germany's.

Charts: Bloomberg

Of course, if everyone is so very "confident", why does Draghi continue do this:

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Thu, 10/29/2015 - 12:03 | 6726464 Boris Alatovkrap

Itsa Mario! Itsa Luigi!

http://twitter.com/BorisAlatovkrap

Thu, 10/29/2015 - 12:07 | 6726482 SethDealer

Inverted confidence

Thu, 10/29/2015 - 12:12 | 6726501 Boris Alatovkrap

When drunken Italian economy is herald, maybe is just least dirty sheet in soil bin of dirty sheet collect from hotel where room is charge by hourly.

Thu, 10/29/2015 - 15:11 | 6727214 johnconnor

I bet the muslim invasion of Germany isn't helping the confidence

Thu, 10/29/2015 - 12:02 | 6726466 NoDebt

Italians are all a bunch of manic-depressives anyway. Who cares what they think? Ask 'em again tomorrow and you'll get a different answer.

Thu, 10/29/2015 - 13:56 | 6726908 Motorhead

Or, bi-polar?

Thu, 10/29/2015 - 14:22 | 6727002 NoDebt

I'm old. We call stuff by different names sometimes.

Thu, 10/29/2015 - 12:04 | 6726471 madbraz

consumer confidence = whatever number mario wants

Thu, 10/29/2015 - 12:09 | 6726487 madbraz

italian 30 year bond: 2.55%

US 30 year bond: 2.95%

unreal

Thu, 10/29/2015 - 12:35 | 6726604 BlindMonkey

That implies that Italy is less bankrupt than the US. Seems Legit

Thu, 10/29/2015 - 12:10 | 6726496 chrsn

Garlic-eaters got no reason to be confident about anything.

Thu, 10/29/2015 - 12:11 | 6726498 Kaiser Sousa

fugazzi....

Thu, 10/29/2015 - 12:21 | 6726530 Raymond_K._Hessel

How confident are the Icelanders these days?

Thu, 10/29/2015 - 12:24 | 6726556 MasterControl

The Italians were already sacked by Islam long ago.
This is the Germans first time.

Thu, 10/29/2015 - 12:29 | 6726577 Herodotus

Perhaps Draghi knows something that the Italian public doesn't?

Thu, 10/29/2015 - 13:06 | 6726731 Jack Burton

Germany is in the midst of a mass Islamic invasion with no end in sight. Now how would that fact brighten up a Germans day? Not much I'de guess!

Thu, 10/29/2015 - 13:12 | 6726760 Johnny Horscaulk

Everyone has confidence until they get punched in the face by a reality less and less under their control.

Entropy.

It's what's for dinner.

https://en.wikipedia.org/wiki/Entropy_%28information_theory%29

Thu, 10/29/2015 - 13:58 | 6726912 Motorhead

What's for dinner? I'd guess pasta and osso bucco.

Thu, 10/29/2015 - 14:17 | 6726984 Helicon

I just see high unemployment with substandard public services that keep getting worse and worse. Qualified immigrants running away in droves replaced by the unskilled illegals from africa and middle east. The only national industry that is growing is gambling. The confidence is thru the roof indeed.

Thu, 10/29/2015 - 15:24 | 6727159 larz

I am very confident too I bet im more confident than any Italian Ill put money on it WTF

Italians More Confident Than Germans For The First Time Since 2009

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