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Consumer Confidence Collapses From 59.2 To 44.2: Lowest Since April 2009, Hopium Ends As Outlook Crushed
August consumer confidence plummets from 59.2 to 44.2, far below consensus of 52, dropping to its lowest level since April 2009. But, but, two insolvent Greek banks merged yesterday to make a really big insolvent Greek bank. Oh well: Americans don't care. And even uglier is the 6 month outlook chart which collapsed from 74.9 to 51.9, one of the biggest monthly drops in history. This sets the stage for the ISM, for NFP, for further GDP cuts, and for September 21.
Current conditions:
Expectations:
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when are the fucking morons going to understand, your stock market no longer has shit as to do with your economy. eat cake bitchez.
Charles Ponzi would be proud of how the market is behaving. Donuts anyone.
Can't they put something in the drinking water to make the people more happy?
Cyanide or something?
Hey! They can put it toothpaste too!
Didn't the economists tell us that bad data was merely transitory? Too bad the consumers now realize that sentiment is a bunch of s***.
Wealth effect -> wealth e-fucked.
But I'm a confident 'consumer'!
I just 'consumed' two hundred more silver maple leafs, another Saiga 12, two hundred more rounds of triple aught buck AND slugs, and half a pallet of additional dried food supplies.
If thats not confidence in where the economy is headed, I don't know what 'confidence' is!
a real party animal he? :)
A while back, I bought a 4 month supply of canned food because of the Fukushima explosion. My wife looked at me with 2 lazy eyes and said: "We ain't eating that. Return it or throw it away or otherwice you'll be eating canned food for the next 2 years."
There's still a lot in the basement and a heck of a lot in the garbage can :)
I'm the chief cook and bottle washer, so they eat what I put in front of them.
I have ALOT of cans of dehydrated nacho cheese. Whenever I suspect the kids won't eat something I smother it in cheese and they eat it up.
The wife is more difficult, but thats not unusual;)
My back won't take another night on the cough so a few cans won't finish it off :)
im very confident. I used irish spring this morning and rinsed my mouth with scope mouthwash. Now gimme my electricity back. Three fucking days without porn.. GRRRRRRR
Ooo. Hadn't thought of that. When TSHTF; there'll be a high unemployment rate in the porn industry.
I have no fan due to power outage. Bring on the shit
Clearly that was a bullish event, when it reaches 0, it can no longer go lower. problem solved.
http://www.youtube.com/watch?feature=player_embedded&v=5oLuTQEL3ec
...time for usual sudden destruction event and ensuing prophetic peace, only this time with the final mark of the beast sealing of the nations an Israel ...Bitchez. New World Order and New Age Occult Antichrist bullshit against the prophetic call of our Father in Christ. http://www.youtube.com/watch?v=etvNHZx_Bb4&feature=related
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