Make 'Soft Data' Great Again - Economic Confidence Rebounds To 16 Year Highs

Tyler Durden's picture

The last time American consumers were this confident about the national economy was August 2001.

As a reminder, the market is not the economy... and a rising economic confidence on the heels of rising stock prices does not 'forecast' the economy...

For those who believe there is more left in stocks to run, we note that economic confidence was rising to these levels in July 1997 - so you have about 30 months until the world implodes by that measure.

There's just one problem with that exuberance...

'Soft' versus 'Hard' Data again!!

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lasvegaspersona's picture

yabut....the economy doesn't matter does it?...jus the markets...right...?

...sure son...got a really hot ETF for ya right here...can't lose...

GUS100CORRINA's picture

Something is really wrong when we divergences in data like those presented in this article.

DOES THE TRUTH MATTER ANYMORE?

nmewn's picture

No it doesn't it but I can tell the algos apparently running ZH these days assisted by a dishwasher who can't be bothered with headlines from only the first of the week and needing a little help around here so, without further ado...the crisis in a progs mind over...Tiny Houses...

"It’s but one example of an entire hipster movement—can it be called a movement when it’s a subculture rooted not in political consciousness, but in capitalism? that has brought with it an ethos of poor-culture appropriation and the “re-invention” of things that have largely been tools of survival for poor, disabled, working class, and/or communities of color for decades.

...thats right friends, this special snowflake is worried about...poor-culture appropriation...by...hipsters...because some people don't want a huge house? The whole thing is worth a read just from a purely psychoanalysis perspective if nothing else ;-)

https://theestablishment.co/the-troubling-trendiness-of-poverty-appropri...

//////

No?

Well, how about Hillary intervening on behalf of one her Clinton Foundation donors by threatening to sic the IRS on the son of the Bangladeshi Prime Minister living here in the states? 

"Sajeeb Wazed Joy, son of Bangladesh Prime Minister Sheikh Hasina and permanent U.S. resident, recalled the account of the threatened IRS audit to TheDCNF. The allegations mark the first known instance in the U.S. that Clinton’s Department of State used IRS power to intimidate a close relative of a friendly nation’s head of state on behalf of a Clinton Foundation donor.

Wazed told TheDCNF it was “astounding and mind boggling” that senior State Department officials between 2010 and 2012 repeatedly pressured him to influence his mother to drop the commission investigation."

Can you hear me now!? ;-)

http://dailycaller.com/2017/04/25/exclusive-hillary-aides-threatened-pri...

RichardParker's picture

About ten years ago or so, HRC publicly came out and bluntly told the American People that they must learn to accept lower living standards. 

It was probably the first and only time in her entire life when she actually told the truth.  For most of the American public, it basicly went in one ear and out the other.

The hipsters have been subverted (er uh, I mean recruited) into bullshitting us into believing that living in a dwelling the size of a shoe box and eating dog food is "cool". 

At some point, a majority of the population will have no choice but to live this way, whether they think it is cool or not.  A lot of people won't survive...

yogibear's picture

"DOES THE TRUTH MATTER ANYMORE?"

No. Juiced-up central bankster Algos are running the show.

One thing about technology, there is always a way to counter it.

NoDebt's picture

"For those who believe there is more left in stocks to run, we note that economic confidence was rising to these levels in July 1997 - so you have about 30 months until the world implodes by that measure."

Sweet.  I can do a lot of damage in 30 months.

 

Raffie's picture

Point at the hard data all you like. Yellen said everything is awesome.

Barney08's picture

Soft data is easy to sell. It's easy to report. It's easy period. The really tough things in life are hard. Like hard data. It totally makes sense that sheeple want to consume nice warm soft data. Why would anyone want to hear about shitty hard data. The truth hurts and it totally sucks.

Valuator's picture

This is a weak indicator by itself.

Soft data surprise says the market's dead.

abenomicstimebomb's picture

30 more months of this s***???  looks f'ing bullish to me. Half joking, half serious, there's nothing to stop stocks smashing higher from here.  Martin Armstrong target DOW 23,000 next stop, passing that we are on to phase transition DOW30,000-40,000 top.  

yogibear's picture

Yes, looking like DOW 42,000.

Martin Armstrong is spot-on.

GestaltNine's picture

Things that are happening that prove this is going to be a real recovery

1. Trump in control!

2. Regulations being slashed, the bull is being turned loose!

3. Much needed tax reform to allow companies to hire more employees and raise wages!

Stormtrooper's picture

Americans are too low IQ to understand the GDP or even good personal finance so don't try to affect their economic confidence with all of that gobley gook.  In fact, 9 out of 10 can't pass an employment drug test so why would you expect them to be connected to reality.

hxc's picture

Psh i smoke lots of weed and i work in mfg technology ya myopic prick

1033eruth's picture

WHO THE FUCK ARE THEY POLLING THAT THINK THIS?  

Why do so many of you believe that this information is true?  

Ask the same mother fucking question here and lets see if we come up with the same results.

I have this nagging feeling that the numbers won't jive, hmmmmmm? 

Seeing Red's picture

Speaking of soft data (but actually a completely OT Charlotte McKinney video):

http://dp8hsntg6do36.cloudfront.net/55a9db3361646d53e6000017/ede12d61-7489-411e-8e93-132fe7a391ebhigh.mp4

You're welcome (especially as this is NOT a public link -- you can "Save As" to keep a copy).

SR