This page has been archived and commenting is disabled.

Bloomberg Consumer Comfort Index Back At 'Severe Economic Discontent' Level

Tyler Durden's picture




 

Bloomberg's Consumer Comfort index slipped back below -40 this week (despite all the market ebullience) indicating empirically at least a period of severe economic discontent among the most critical segment of our economy. Worst still, the outlook for the economy is its weakest in six months and the last two months have seen confidence on the economy plunge its fastest in 13 months.

 

Back below -40, the Bloomberg Comfort Index signals severe economic discontent...

Bloomberg index of outlook for the economy...

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 08/09/2012 - 10:02 | 2690850 govttrader
govttrader's picture

Wholesale inventories diving...rut roh raggy!!!

Sell both stocks and bonds???

http://govttrader.blogspot.com/

Thu, 08/09/2012 - 10:05 | 2690860 BandGap
BandGap's picture

This is shocking I tell you.

Heading into the maelstrom, batten down the hatches.

Thu, 08/09/2012 - 10:05 | 2690863 LawsofPhysics
LawsofPhysics's picture

Pssst.  At the end of the day, if you can't touch or defend "it", you don't own it.

Thu, 08/09/2012 - 12:08 | 2691379 aint no fortuna...
aint no fortunate son's picture

Excellent - this should get the VIX under 15

Thu, 08/09/2012 - 10:03 | 2690858 bigdumbnugly
bigdumbnugly's picture
Consumer Comfort Index Back At 'Severe Economic Discontent' Level

is that when the needle is pointing up the consumer's ass?

Thu, 08/09/2012 - 10:06 | 2690869 lunaticfringe
lunaticfringe's picture

The cards are stacked agin me.

-Barry S.

Thu, 08/09/2012 - 10:08 | 2690874 John Law Lives
John Law Lives's picture

I guess they didn't survey the gal in the Blanchard ad with the big rack.  She looks comfortable...

Thu, 08/09/2012 - 10:11 | 2690890 A Man without Q...
A Man without Qualities's picture

and they'll keep ramping equities until morale improves...

Thu, 08/09/2012 - 10:12 | 2690892 Hype Alert
Hype Alert's picture

What we need is another planted reporter to ask BHO if this is a good time to invest in the market.

 

This time it would have to be unscripted.

Thu, 08/09/2012 - 10:12 | 2690893 Meesohaawnee
Meesohaawnee's picture

bullish!

Thu, 08/09/2012 - 10:14 | 2690900 govttrader
govttrader's picture

For those unaware of the economic cycle that is referred to as "frontruning the fed and the treasury"...this week (treasury refunding) should mark the high yields for US treasuries for the next 3 weeks....but wait until the 1pm 30yr auction to buy your bonds...ok?

http://govttrader.blogspot.com/

Thu, 08/09/2012 - 10:14 | 2690901 Meesohaawnee
Meesohaawnee's picture

im buyin the manchester united IPO.

Thu, 08/09/2012 - 10:20 | 2690903 Shizzmoney
Shizzmoney's picture

Despite corporate profits (which are declining), productivity is also starting to deflate (with everything else):

http://blogs.reuters.com/macroscope/2012/08/09/the-productively-disinflationary-american-worker/

Strong productivity may be good for an economy’s long-term growth prospects. But it’s not always great for workers in the near-run, since it literally means firms are squeezing more out of each employee. In reality, rapid productivity growth can make it harder for workers to get new jobs or bargain for raises.

The benefits of operating efficiently are obvious enough: Productive firms will have more money left over to invest, which should lead to more job creation in the future. Except lately, that future seems never to come, giving rise to the somewhat oxymoronic notion of a jobless recovery.

When do the workers go Galt?

Thu, 08/09/2012 - 10:14 | 2690906 The Axe
The Axe's picture

What I feel so good.....sarc

Thu, 08/09/2012 - 10:18 | 2690931 bnbdnb
bnbdnb's picture

Gasoline.

Thu, 08/09/2012 - 10:39 | 2691023 jtmo3
jtmo3's picture

Buy, buy, buy!!!

Thu, 08/09/2012 - 10:42 | 2691039 YesWeKahn
YesWeKahn's picture

unlimited QE will certainly help, because there is nothing else the central nanks know how to do.

Thu, 08/09/2012 - 11:01 | 2691117 pods
pods's picture

From my own observance, people everywhere are really broken.  It is very rare to see a happy person in public.  Well, when they are not getting paid to be happy. 

I am in an area where this depression has barely touched, I can only imagine what it is like waking up in some of the hard hit areas.

pods

Do NOT follow this link or you will be banned from the site!