WTF Chart Of The Day: American Consumer Confidence Soars To 16 Year Highs As Real Wages Plunge

Tyler Durden's picture

Continuing the trend of 'soft' survey data strong performance and expectation beats, The Conference Board's Consumer Confidence surged above the highest analyst's expectation to 114.8 - the best print since July 2001.


Consumers’ assessment of current conditions held relatively steady in February. Those saying business conditions are “good” declined slightly from 29.0 percent to 28.7 percent, while those saying business conditions are “bad” also decreased, from 15.9 percent to 13.2 percent.

Consumers’ assessment of the labor market was also mixed. Those stating jobs are “plentiful” declined from 27.1 percent to 26.2 percent, while those claiming jobs are “hard to get” also decreased, from 21.1 percent to 20.3 percent.

Consumers were more optimistic about the short-term outlook in February. The percentage of consumers expecting business conditions to improve over the next six months increased from 22.9 percent to 24.0 percent, however those expecting business conditions to worsen also rose slightly from 10.8 percent to 11.1 percent.

Consumers’ outlook for the labor market was also moderately more upbeat. The proportion expecting more jobs in the months ahead increased from 19.7 percent to 20.4 percent, while those anticipating fewer jobs declined from 14.4 percent to 13.6 percent. The percentage of consumers expecting their incomes to increase rose marginally from 18.1 percent to 18.3 percent, while the proportion expecting a decrease declined from 9.4 percent to 8.2 percent.

We have one question for these euphoric American consumers - do you not care about wages?


As The Conference Board details...

“Consumer confidence increased in February and remains at a 15-year high (July 2001, 116.3),” said Lynn Franco, Director of Economic Indicators at The Conference Board.


“Consumers rated current business and labor market conditions more favorably this month than in January. Expectations improved regarding the short-term outlook for business, and to a lesser degree jobs and income prospects. Overall, consumers expect the economy to continue expanding in the months ahead.” 


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order66's picture

Runner up for WTF chart of the day is the #ES_F. Holy fucking snooze button.

MFL5591's picture

These reports are total bullshit!

xythras's picture
xythras (not verified) MFL5591 Feb 28, 2017 10:39 AM

Good NEWS:

VIDEO: Immigrants from US run to Canada

Canada receives them with open arms, LET'S SPREAD THE WORD and help them run from Trump

LawsofPhysics's picture

Unless you have real assets and wealth, then Canada taxes the fuck out of you...

...yes, send them all those immigrants!

Ghost of PartysOver's picture

Expectations are running incredibly high for Main Street.  Trump delivers or game over.  Hope the RINO's get on board and soon.

Arnold's picture

I'm guessing that the data points that don't report are in receivership.

How many points are they working with anyway?

I say five.

UnclePhester's picture
UnclePhester (not verified) DontGive Feb 28, 2017 10:18 AM

3/10/17 BLACK FRIDAY....


Internet comes back on at DOW 11,000, jew Run media says "Correction is Over"

DontGive's picture

3/13/17 - algos go crazy and BTFD back to 20k

Jim Sampson's picture

One hell of a BTFD moment that would be.

lasvegaspersona's picture

What movie was that?

If it was Michael Bay were there even bigger explosions?

Were drugs involved?

Raffie's picture

So where do these numbers come out of?

They look skewed a tad bit.


Yen Cross's picture

    The f/x markets aren't buying it. u/j just blew through the 112.00 handle again.  Those stops @ 111.80 are looking pretty tasty.

buzzsaw99's picture

+1 it feels like something is about to break.

Yen Cross's picture

  It's looking pretty iffy buzz. If that 111.40/50 area goes, then it's smooth sailing to the 110.00 handle. ;-)

NugginFuts's picture

I believe you 100%, which is why I believe it won't happen. Too important to save their own butts. Fundamentals, technicals, sentiment be damned. Sing it with me:




LawsofPhysics's picture

I agree. However, this time is indeed "different" in so much as this time it is a global scam.  Basically global Weimar.

auricle's picture

It's the stops at 111.58 that will really hurt. 

RockySpears's picture

Maybe there is a "Real Consumer Confidence" statistic somewhere to to go with "Real Wage growth"?



hotrod's picture

Seems like retailers need to be opening more stores to capture all this confidence.  Someone send this chart to Macys, Limited, Target, Kohls, Sears, etc etc. etc.  Housing is awesome, the market is awesome, confidence is awesome.  However we know for sure that the confidence number and the market are totally linked.  All time high market, all time high CI

TheytookERjobs's picture

Things will get better soon. We're only 10 years into the great recovery 

Arnold's picture


10 th Annual Summer of Recovery.

A. Boaty's picture

August marks the 10th anniversary of the sub-prime mortgage bond meltdown.

LawsofPhysics's picture

In a word, more debt!!!

Stupid humans...

...mother Nature will "rebalance" things eventually...

A. Boaty's picture

Theoretically, we have an infinite amount of future from which to borrow. This works as long as the future doesn't demand payment.

LawsofPhysics's picture

The "future" is always a day away and is never "occupied", the consumable calories that we have access to today are what they are...

an infinite amount of future what?  The devil is always in the details precisely what exactly are we taking from the future?  We do NOT have access to much outside of the biosphere we are currently living in.  The only energy source we have access to is that big fusion reactor called the sun!


Time to get those warp drives online!!!

Peacefulwarrior's picture

More Debt until the public sector falls into the Mariana Trench

gespiri's picture

Getting rid of the banks and governments will help make things better and we can all go back to bartering.

JTimchenko's picture

Pretty screwed up, I'd say...

GlassHouse101's picture

let the frantic race to the bottom begin!

Hohum's picture

Staring at orange things can lead to delusion.

Sky flyer's picture

Looking at the dollar, gold and oil this morning. Just what in the fuck is holding up equity markets? Really wtf?!

T-NUTZ's picture

let me guess- Oversample much?

deerhunter's picture

I am confident that last year I made what I made in 1988. Through downsizing from a 18 year gig at the tender age of 55 followed rapidly by a hit and run wreck that left my left arm and shoulder permanently debilitated.
I am confident in no golf or swimming any more. No medical insurance and 3 years from social security. I could go on disability and food stamps but I won't. See I am not wired that way. I eat food with money I earn. When I can no longer do that I will be in a nursing home.
When I look around I don't recognize my country. I am 61. I am confident I have raised 3 daughters who married 3 men who love them. I watch them all work their asses off just as my generation did. I watch the two that are moms and dads to my 6 grandkids raisIng them the same way. Yes sir, yes ma'am and do it right the first time it you can. If you can't then find someone who can and learn from them.
The days of me over 100K a year are most likely done. It's ok. I have never seen a hearse pulling a Uhaul trailer. This is America. Built on a dream and supported on the bedrock of our constitution and personal property rights. We are being deluged from within and without with poisons to the mind and "facts and figures" pulled from the nether regions of deluded minds either through ignorance or intent.
I wrote a 6k sale a week ago for a married couple my age for a home improvement project which they financed using monthly payments. The Mrs called me Monday. She had been let go of a 14 year job with a suburban government office. Cutbacks. I have not in 25 years of home improvement sales ever had a government worker call me saying there was a job loss due to cutbacks.
We are whistling past the graveyard. I am an optimist. I am thankful for every day my feet hit the floor and the glass is always half full as long as you have a glass. If you were fortunate enough in the lottery of life to have been born in America take time and look around. If you have a glass. For giggles Bing the term pot to piss in origin.
See, drywall doesn't usually fall from your ceiling the day your roof springs a leak. It takes time.
Is America worth saving? Do you care when you look at your kids or grandkids ?
I am confident of this one thing and before you bashers and America haters click away with your down votes , I have traveled internationally. I did not live in one community under a rock all my years .
If you cannot make a good life in America , with all its warts and flaws I would ask you a couple questions.
If not here, where? Is America worth fixing.
Consumer confidence ? Not so much . Is it relative? It is until it isn't. Good day all.

corporatewhore's picture

Do not go gently into that good night.  Never, never, never, never give up.

I hear you and have walked in your shoes.  Been there and done that. Worked 3 jobs to survive at 58 and on.  Something is happening in the economy right now and I can't put my finger on it but it is a slow down in sales with brief upticks.

clade7's picture

Well, You shoot right handed?  OK then!  You think you got problems??


(Sorry buddy, I'm right along side ya brother to a fuckin tee!...Damn near exactly to what you outlined.... just comiseratin' riffing for a bit of a cheap giggle...Stay in it Man...All the best! )...Even the Wife is wondering what the hell is going on...

John Law Lives's picture

Who needs higher wages when phony markets and average home prices go higher and higher and people make easy money off of it.


Angry White Guy's picture

I know you are being sarcastic, but the factual answer is those of us who don't own homes need higher wages.

John Law Lives's picture

Yes, of course.  I do not own a home myself.  Sadly, market action doesn't really reflect fair and open price discovery as markets were intended to facilitate.  When the correction comes (and it always does), it will be ugly.

Iconoclast's picture

Consumers are supremely confident in their ability to borrow, in order to plug the gap between their incomes and lifestyles.

Angry White Guy's picture

Hmmm.  'Confidence' is subjective.  The health (or deathly sickness in this case) of wages can actually be measured.

It's clear which one to believe.

Marilee's picture

Trump bringing back confidence. Shepwave bringing clear market guidance. It is a good day. 

edifice's picture

The Whore & Gambler by the State 

Licenc'd build that Nation's Fate 

The Harlots cry from Street to Street 

Shall weave Old England's winding Sheet 

The Winners Shout the Loser's Curse 

Dance before dead England's Hearse 

Every Night & every Morn 

Some to Misery are Born 

Every Morn and every Night 

Some are Born to sweet delight 

Some are Born to sweet delight 

Some are Born to Endless Night 

MuffDiver69's picture

Yawn....If people are more confident that's good...I'm sure some people in prison are confident things will be better.....grow the fuck up and get out of your self destructive bubble...Folks know things are shitty, but confidence things will get better is good jerk off....

GotAFriendInBen's picture

See how high their confidence goes when Trump declares them all slaves