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Consumer Confidence Jumps Most In Eight Years, More Than 4 Standard Deviations
The somewhat incredible rise in consumer confidence this morning is the largest absolute jump since April 2003 from prior revised 40.9 to 56. On a percentage basis, only the April 2009 reversion was higher as this represents a 4 standard deviation elevation from its long-term mean.Of course, its all about expectations, as the sub-index jumped from 50 to 67.8.
Expectations jumped the greatest of the sub indices but remains only back to July 2011 levels.
Charts: Bloomberg
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What?
After black friday cyber whatever people are feeling happy?
Like after a heroin addict gets their hit of external validation from a needle. Remember, hand to mouth US consumers. Wait a month with the credit card bills coming in. If credit is correct there are going to be a shit tonne of personal bankruptcies come Jan/Feb.
So? What does that have to do with consumer confidence? If one goes BNKRPT then one is now free of relatively cheap debt and can proceed to consume on realtively more expensive debt. Either way, markets up.
and so go the next lambs to the slaughter...
I've got some magic beans, if you're interested, very good quality, much cheapness...
I've got a cheaper solar company to sell you. Only used once.
If you're really stupid, you live in the moment, like there is no time - no past, no future, only the moment which must be squeezed dry and consumed. FULLY. NOW!!!
40 years of liberal socialist government school education and indoctrination gets you successive generations of indebted and indentured sheep content with the sparse grazing field they are in and oblivious to the shearing process.
You hit the nail right on the head. 40 years of liberal socialist government school education produces optimists whom expect to receive prices even when they finish dead last. The glass or wallet is always half full.
Liberal socialist government??? Do you live in one of the Nordic countries?
You sure as fuck don't live in the USA....
Social Security, Medicare, Medicaid, Obamacare, Perpetual Unemployment Benefits, transfer of private bank debt to government, mortgages to mirror foggers, school loans to mirror foggers, armed Department of Education, Civilian Defense force, detention and assasination of citizens without trial...l
Your right.. it sounds more like I live in 1939 Germany
Nah na! I learned in state school from kneelers like flak that liberal socialism is super duper fun.
I was telling the wife, if you like the post office, just wait till you see what the liberal socialists do to the hospital.
Yep, look at life expectecy, surveys about personal satisfaction, and fraction of GDP spent on healthcare... Oh, also look at the fraction of revenues going to upper management in health care...
Have you ever dealt with anything but employer paid for insurance in the US??
I have dealt with the health care systems of 4 countries, all involving fairly major procedures, and I have a sneaking suspicion that you don't have a clue what you are talking about...
Flak noes all! Follow his orders! It is for your own good slaves!
.
Life expectancy is better correlated to healthier lifestyle and diet, than it is to access to modern Sick Care. Most of the rest of the world still eats food, rather than super-sized Happy Meals.
I presume Sweden is a good example of your free Sick Care utopia. How many times has their currency revalued in the last 40 years? Or did you have some place else in mind? Venezuela? Canada? Venezuela has two H/C systems, one public, one private. You want something done fast and correctly, you go to private H/C providers, or to another country. If you don't mind waiting, in line for some things, you get H/C from the same people who cannot even get the trains from point A to point B on time and for a profit.
Other Social Democracies would hate it if the US nationalized Sick care. They would lose out on all that free innovation, funded by US patients/taxpayers, and created in free market system...what is left of it.
If you want "free" sick care in the US, I support your desire to pay for it yourself (oops...thats not free, now is it). Leave me the fuck out of your grand plans.
Umm... what does Swedish reevaluations have to do with anything? Is that like the US going off Breton-Woods or the Plaza Accord?
There are far better examples, just look at a study of outcomes, you are on very shakey ground defending any aspect of the US system. It truly sucks, worse outcomes, greater costs than any reasonable system.
Now, if the American people choose that they do not want "socialized medicine" fine by me, but those saying don't touch my Medicare are a bunch of fucking hypocrites.... Obamacare, or is it Romneycare is a corporate welfare for the Insurance cos (in case you think I am defending that abortion of legislation)
You mistake me for someone wanting something you think I want. My only issue is when fucktards here at the Hedge try and tell me that "socialized medicine" is inferior, I call their bullshit.
(Funny but when asked directly, the majority in the US support a single payer system, go figger)
Don't give me that free market shit and healthcare.... Unless Botox and plastic surgery is your idea of Healthcare.
Read up on what Salk did with his vaccine... Fat chance of that happening in the "Greed is good" era...
Hey, if the people here at the hedge that are mad as me at the system cannot even get their labels straight they are doomed to be fooled again....
And don't give me that bankrupt logic that the state is the problem... the problem is that we let the fucking sociopaths be in charge and make the rules.... Any examination of the data shows that from a regulatory perspective, the wheels started coming off under St. Ronnie.... Yep, deficets don't matter and don't worry, it'll trickle down....
"Greed is Good" is an excuse to plunder and no mantra to base a functioning society on.
Why don't you go fuck yoursefl and move to your liberatarian nirvana.... where was that again? Ah, yes Somalia.
Well-reasoned, well-argued, logically sound, persuasive, even humorous.
Your post is none of these things.
Oh, I'm sorry I did not rise to your expectations....I'll try harder next time.
Now go off and fist yourself....
Sooner or later, the mask slips.
What a joke. Your criticism of the establishment is born of jealously. You wish you were Obama. You're pathetic and boring.
If you think I support Obama, you are even a bigger fool than I had thought...
I don't bitch about Obama here because based on the commentary, none of the Obama haters would have a clue what I would be talking about... Most of the Obamer haters here are cannot fathom that O is the *right* of Eisenhower and yet, the standard is to call him a Marxist or a socialist. Now that is truly rich (not to mention profoundly ignorant)
You asshats confuse that being aware that things are wrong and not right as being the same as understanding why they are not right...
Translation, even you blind squirrels find a nut or two every now and again...
You are intentionally misreading my comment so that you can steer things into Dem vs Rep crap. You covet the power Obama has and that is why you criticize him. Things would be so much better if you were in control. You are totally self-deluded.
Now look who is obfuscating....
And no, this has *nothing* to do with Dem vs. Rep., it has to do with actually having a clue about what is fucked up and how it got fucked up and not just throwing random labels at it....
FWIW, I am on record as having said, "I pity whoever wins the '08 election".... The country is ungovernable...
Meh, you sound more like a retarded fish.
Would you like to have a rational discussion? Bring something to the table then, if you can.
My writing style is reflective.... articulate yourself properly, be nice and I will be in return.... Say stupid things like "left wing fascist" or use ad hominems and you'll get called out and insulted back.. very simple eh?
Now, what would you like to discuss, fuckface?
You that group of people trying to go live by themselves off the land in Montana? They can probably live just fine for the next few hundred years without any intervention of the state because they will all help each other and kill anyone trying to take what is theirs.
The state is always the problem and why the state will probably label them as terrorists and wipe them out because they represent a threat to the state establishment of authority.
The only good authority is the authority you grant yourself to live your life in the way you wish without interference from the authority of others.
From the one who accuses others of not know wtf they are talking about. Just because Somalia has no govt of it's own, doesn't mean there is no government. Lot's of other imperialists having snooping around and bombing that country since that stupid Bob Geldoff cluster fuck.
I'll take Hong Kong for $500 Flak. The British empire largely left it alone until they handed it over to China. Better yet, I will work to swing the pendulum in the US back to it's classical liberal roots. You can move to Somalia, and force your agenda there. Be sure to send us some video of the event.
Don't let the door hit your ass on the way out....
Try not to get too political either while you are in HK. Just a heads up.
Tyranny is tyranny. All the labels are flags for the rabble to rally around. Divided they fall.
Look up the origin of the term "liberal" sometime.
Talk about clueless. You or Benanke....which is one is more I wonder?
Social Security, Medicare/Medicaid have nothing to do with where we are.
Perpetual unemployment benefits? You mean for the economy that is broken by banksters? Last I checked they aren't perptual, so another idiot statement. Lest you think people should die, like a good bankster whore propagandist suckerupper.
Transfer of private bank to gov't debt....well while being both sides, it is the conservatives who did this, idiot. It's their mantra. Dems joined in.
Mortgages to mirror foggers.....pure conservative ideology in action. Not true conservatism, but what has passed and been voted in as conservatism the last 40 years.
The rest of the stuff, also mostly conservatives. Project for a new american century, patriot act, all of those by the conservatives.
Quit dividing everybody on useless shit moron. It's about imperial monetarism that has infected both sides. But somehow you can't grasp that, and have to grasp onto the propaganda, the banksters give you to blame people who aren't worth blaming, and in most of the above, are a reaction to keep people from dying from said imperial monetarism.
You do live in 1939 Germany, I wholly agree, but while both sides got us here, it is firmly the conservative playbook we've been following, with 'liberals' bending over and running it when in office.
But then again, liberal or conservative, both are getting their shit from imperial monetarism, so it's a false debate. But you still don't get it. SS/Medi have absolutely NOTHING to do with this process, it's the system, it's the fraud that was legitimized in this system. Some people seem to think without medicare, medicaid, and social security, we wouldn't be here. WRONG. We'd STILL be exactly HERE, except those at the top would have even more, and the people would be dying in the streets...and since that promotes crime, we'd probably actually have even MORE of a police state, since when people starve, they start doing things out of desperation like breaking and entering, looting, so on and so forth.
The answer is Glass-Steagall, and ending the fraud, not throwing the poor, unemployed, sick, and elderly under the bus. It's 2011, it's very easy to provide those things and still have prosperity. Just not in bizarro imperial monetary world, where dumbasses beleive the sophistry and believe someone else less worthy took their prosperity away from them through 'giveaways'. People are fucking morons.
Glass-Steagall
You're questioning religious faith; watch out.
Guess again Flakmeister. The USA spends over 40% of our tax revenues on entitlements. That is nearly as much ss Sweden, a self-described Socialist nation. The old America is dead, it's up to us to restore her.
Yep, I agree, Medicare is unsustainable in its current form....
SS is fine and fixable with modest changes...
Nope, the state should never be in the business of providing social welfare because then social welfare becomes dependent on the sate instead of the authority of the individual to provide for himself.
Government distribution of wealth is never a solution to any problem.
We had a little system like you outlined, it was called "Laissez-faire Capitalism" and Dickens (most famously) wrote extensively about it....
I think I get it.... it is "sauve qui peut" in your little world...I sincerely hope it works out for you and based on principle, you would never take back from the system a penny more than you paid..
Oh yeah, I should have brought up "tithing" as well....do you know what it means and why it existed?
Yep - all that socialist liberalist spending gave you the US'ians sheeple the great US faith based taxpayer sponsored bankster military industrial complex which sucks the juice out of your balls every second of your life.
Don't ya just love liberalist socialist collectivist empires who preach that their uniquely individualist individuals are uniquely qualified to tell the entire rest of the world what the fuck to do and how the fuck to run their countries, lives and brains?
US socialist liberalist Empire UBER ALLES! Sieg Heil to the dummies who don't know the difference between left right up down and their own personal interests versus those of their billionaire elite SLAVE MASTERS.
Symmetry, fellows. Symmetry. Or stupidity. Your choice, your roast.
CC debt isn't cheap, it's averages at 38.5% for the US consumer. How is that cheap?
Most of them don't have a line of credit anymore. Most of them have under water homes and are deeply in debt.
That's just CC's, Cars, Boats...junk loans basically. In total it's 11.7 trillion dollars in junk debt.
Average household income is $49,445 in the US. Right now if reviewing averages, that's a 1:1 ratio of debt to equity with a 445 bucks extra.
And I haven't even included housing in that. Just junk debt. A third grader could understand the setup.
If they want to fix the system, remove ALL, not some credit facilities for US consumers, looking at the numbers it'll be good for all of them. It will be at that point the US citizen becomes sovereign again, not before hand.
one of the lowest volume weeks of the year. No better time to get a short squeeze going with volatile data.
Must be the $100 oil that gets them jumping for joy!
Just think what kind of confidence boost we will get when there is a war with Iran. Oil at $200 would make the sheep positively giddy.
About the only thing I am happy about is Iraq Vet Scott Olsen has been released from the hospital.
He still has difficulty speaking but was interviewed yesterday.
Interview with Scott Olsen About His Injury from the Police Attack on Occupy Oakland: video
Authorities are still investigating the matter....
and who's investigating the authorities?
anonymous
Its the denial phase:
"we had enough, things will be better"
Precisely. especially when coupled with "debt fatigue."
It's the attitude of, "Well hell, if I'm going bankrupt, I might as well buy as much useless crap as I can before they cut my cards off...."
and it's very important to buy USELESS crap because just normal crap won't help you as much when the economy and your job go into the toilet.
Hey guys..this CNBC "Team Hopium" thing is really working....
Why, this jives nicely with the steady decline of housing prices. Nothing makes a body feel better than to see the water rising around the old homestead (value).
Can't spell confidence without the con.
One world grifterment.
GriFterment Experience - Getting strung along and spending money with no hope of a happy ending. A po' mans GFE ......
Here’s how Nathan’s Economic Edge views Black Friday sales:
“No person in their right mind would believe for a second that retail sales actually rose 16% in just one year; anytime you see numbers that large, you should immediately think of Bernie Madoff and your scam detecting radar should begin screaming at you. First of all, if we go back and look at prior years, this scam is the same scam the NRF (National Retail Federation) runs every year, and after their wild releases meant to create a shopping frenzy, reality is never what they proclaim. Secondly, this was a survey. Surveys are notoriously inaccurate, and they don’t survey the businesses that have failed in the past year! Also, sales are measured in dollars, not units, thus the outrageous production of money creates inflation – inflation does not equal growth in sales, it equals growth in money production!”
Incidentally, notes Nate, M1 is up about 17% from a year ago...”not too far from that Black Friday Sales Figure, no?” How much of that went into Christmas stimulus from Uncle Sam, ultimately to be transferred into the stockings of the big corporations?
Actually, the way I see it in part, the Black Friday hype of unheard price discounts was so wide and wild that its high sales generation may actually indicate recession, i.e., that people are so strapped for cash and credit that they were out buying essentials they otherwise couldn’t afford, and no matter how big the crowd, they were willing to wade through.
Good point. People are facing 13% inflation based on the Turkey index http://www.csmonitor.com/Business/Latest-News-Wires/2011/1123/Thanksgiving-dinner-Why-is-it-more-expensive .
So based on M1 expansion, we still have another 4% inflation to go in the next month or so...Notice one of the big black friday shopping videos was Walmart $1.28 towels.
Not to split hairs, but if these individuals consider hand-towels to be an "essential", what is a non-essential? Gold, guns, ammo, food, and ... towels
Absolutely. Consumer confidence is not going to lead the market.
And take the con out of congress and replace it with pro. You get progress.
Of course I am fooling myself
It's progress or congress but not both
Sorry double post
Long doughnuts this morning. Short coffee. (the real stuff, not coffee futures)
Bye bye "crisis" (what crisis?).
I'm confident this number is a joke.
No it's real. You have to find the right time to ask the questions to the pleebs. Usually while they are high as a kite on shopping.
Buying trinkets at Walmart at midnight does skew one's judgement I'm guessing.
"right now I'm so high, you're hallucinating." - WIllie Nelson to Stephen Colbert 2009 Chirstmas Special
Yes it is a big joke......all illusion as the CC # is of course staged. The poll surveys 1000 people over 4 weeks an lo and behold its magic........total BS. This link says it is total BULLSHIT.
http://www.pollingreport.com/consumer.htm
Out of work people were not available for comment on their conditions due to lack of any available connection due to unaffordability
Rigged
Why isn't the Dow down to 8,000 by now?
Dow is green for the year, thanks to retail stocks and shopping mall REITS holding up the tape.
U.S. consumers are indestructable.
Wonder how high we go when things actually improve?
'DOW is green for the year'....GEE what an accomplishment! And ONLY cost $16 trillion to do it! Audit The Federal Reserve Reveals 16 Trillion in Secret Bailouts | Ron Paul 2012 | Sound Money, Peace and Liberty
The DOW is also at 1990 levels, inflation adjusted more like back in the 80's....but hey, YOU'RE impressed at least!
Robo,
You "forgot" that WTI has increased more than the DOW. So has silver and gold. When things actually improve, WTI goes into the stratosphere and crushes the 99% and a few airlines.
Why isn't the Dow down to 8,000 by now?
Let me guess: because things aren't nearly as bad as ZH doomers make them out to be, and if people would just adopt an appropriate level of can-do American attitude they would be living a fabulous consumer lifestyle that is the birth-right of all Americans?
Close?
Let's see how "good" things are without trillions of Banana Ben bucks..
if people would just adopt an appropriate level of can-do American attitude
The "can-do American attitude" is that one can do anything in America on the back of unrepayable debt.
MoMo the lizard.
He is nowhere to be found when red is everywhere; but haunts this board with EVERY dead cat bounce.
Wrong question. you missed a zero. It should be "why isn't Dow 80000 by now". With all the printed money, people aren't just buying towels for 1$, they will buy any thing available in store.
The Dow is green for the year? It is a whopping +.07% for the year and it is the end of November. We've made it to the promise land!
Even better, look at the 10year +16%! Holy macaroni! 16% in 10 years! Our cup runneth over!
Oh noes! The Dow is now negative for the year!
really, in jan 2000 the dow was 11763. The dow wish it made 16% in 10 years. In 12 years its made jack.
Oh noes! What? 12 years nothing? Well, it is now green for the year. What else do you serfs want? Eat your peas!
The Fed’s below-inflation interest rate policy last year, an invisible tax to levitate Wall Street’s ill-gotten gains, costs savers and investors roughly $350 billion a year, according to Todd E. Petzel, chief investment officer at Offit Capital Advisors. This invisible tax is more than 2 percent of gross domestic product and almost 3 percent of disposable personal income.
It’s broad daylight robbery of Main Street, pure and simple. Is this any way in the long run to sustain a viable economy on Main?
"US consumers are indestructable"
So THAT'S why we constantly beat the shit out of them
Robo
You are correct, I give you props.
The us CONsumer is indestructable. They buy worthless shit with wild-eyed drooling abandon.
I must slaute them. 0/sarc.
I call bullshit...
Brought to you by the Ministry of Economics Truthiness
Do they have any reason for this sudden jump? This seems like an outlier.
All this is data as of Nov.15... Before the recent shit hit the fan...
Also, before "Black Friday," so we can't account it to the feeding frenzy.
And also, also:
"I got information--new shit has come to light and--shit, man!"
Exactly - lagging indicator of the rally that happened Oct to mid-Nov.
The rally was manufactured. The data was also manufactured as a means of putting a veil of legitimacy on the shenanigans.
Think man, think...........
You mean the Santa Claus rally happened in Oct this year???? What a bummer! Coal for Robo and his irrational bulltard butt-buddies!
it's the price of gas.
Hovering just below $4, where I live anyway. Optimistic!
The consumer is confident! And why shouldnt they be? After all, the mailbox is stuffed full of credit card apps!
Hope & Change is alive?
Maybe people are getting more positive the more B. Soetero looks like a one-termer.
That or they are so depressed they figure WTF.
http://vegasxau.blogspot.com
How does pepper-spray factor into this increase in consumer confidence?
because pepper spray is a vegetable!
Ricin, also a vegetable! And how about mustard gas! VEGETABLE! Hooray!
A new food group - weaponized condiments - "hey honey, will you please pass the pepper spray? The starving neighbors are trying to pry off our security screen door again."
As long as you're not on the receiving end. Could be worse, it could be molotov season.
David Lerah found a new job after all.
It must be the NBA coming to an agreement...yeah thats it....or they are making so much money on their Italian Bonds...yeah thats it....
Barclays developing a new ETF based on 3x consumer confidence volatility!
HFTs running to tackle the short stops today.
the survey question asks, are you confident the economy is in the crapper!
LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIESLIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! LIES! AD NAUSEAM! AD INFINITUM!
This reminded me of Tyler's expression as of few months back:" American economic reporting is rapidly becoming a bigger joke than Chinese Ministry of Truth"
Yet there's still a tremendous bias to say these same data are credible only when it seems to fit ZH's agenda. Fancy that
I'm old and heard first hand all the jokes about Pravda.
The joke's on me.
Where's the data? Seems to me that we are all so perky given a mess in Europe and the bankrupcy of America's largest airline! Hmmm....I suppose this is what we call Cognative Dissonance. Of course, the National Socialist Party was telling the German people of the 'great victories' as Russian and Allied troops closed within miles of Berlin.
Who should we give the Nobel to for this one?
I don't know about anyone else but my shopping is done. Watch December, especially returns the day after xmas if you want the real story.
store returns are never reported!!!!
What a crock...
Can we rename this the ignorant sheep index?
The threat of an iranian war , nuclear fallout from fukushima and losing their home/job has already been priced in by the consumer so its blue sky from here. Things can only get better. Yipeee.
This index will hit 10 when the average mope prices in the FEMA camps though.
Basically, their biggest fear is the local feetsball team losing next weekend. The American consumer wouldn't know a REAL threat if it bit them in the ass.
agree, the average uninformed citizen, just humming along to " Its the end of the world as we know it, and I feel fine"....
Im long stupidity. You never lose on that position.
Tyler, you guys sell a lot of fear, and you have some really good repeat customers, but most of the world just ain't buyin'. Things are not great of course, but things aren't falling apart and people who are out and about understand this to the be fact.
Hard as it is for the ZH Sheeple to imagine, the world is at worst stablizing. The worst case scenarios such as the end of the Euro and war in the middle east are really just repeats of past environments which were not only survivable, but were periods of real growth. Sad to say it ZH Sheeple, but look at the markets. Green is good ya know. And it reflects a picture of the world I hope you will one day learn to appreciate.
If not, oh well. But mark my words; the markets will be higher come the end of December and much higher this time next year. And the condition of the world will reflect those simple facts!
I'll take the other side of your trades all day.
Please read Confessions of an Economic Hitman and then get back to us on that appreciation bit.
He called us "ZH sheeple."
Who cares what you think.
A hundred dollars says you're not posting on this forum the December after next, troll. The stock market has been declining for the past +10 years now, adjusted for inflation.
Marked.
look at the markets?...OK... They havent done dick for over a decade. Jan 14 2000 Dow at 11723... what is it now 12 years later?
True, and back then the dollar index was around 120 or so. It's less than 80 now, so the dollar has lost about a third of its buying power in that time. In other words, the Doh should be north of 17000 just to break even since Jan 2000...
Meanwhile, gold was at, what, $275 or so in 2000? Man, I hate it when my investments go up by a factor of six in a decade, don't you? Nyuk, nyuk!
Oddly i prefer not to trust people who pepper spray one another for $2 waffle makers.
I prefer math The numbers don't add up.
From $80T to $210T in debt over the last 9 years. Does that sound stabilizing to you?
Does global annual 12% growth in debt to fuel 4% growth in GDP sound stabilizing to you?
Green is GOOD. Correlations of 1 are even better. Worst month in 30 yrs, followed by best month in 40 years, followed by worst Thanksgiving week ever...Does that sound stabilizing to you?
Good luck buying the dip on the break up of the EUR.
I was told there would be no math.
The "No Mas" crowd has apparently been educated in the Congressman Pete Stark school of economics: "...debt is a reflection of a nation's wealth."
There is always math, even and especially when you are told there won't be.
No Mas can see the sunny side of life as long as he chooses but I doubt he's gotten the stock tips that Stark got during his Congressional tenure that made it easy to promulgate those lies.
ZH sheeple? The difference is that we skeptics say "Bah!" where others willingly say "baaaa!"
You go girl.
(lizzy, you post some of the most awesome stuff on here. Lot's of green arrows for you.)
Why are you even here? Idiot. Glittering jewel of colossal ignorance. Are you really as stupid as you make yourself sound, or are you just trolling out of boredom?
If you had any inkling of what Zero Hedge did and does, you would know that it takes, among other things, a bifurcated approach to viewing what is and what will be.
While showing and suggesting what should be happening during conventional times, it is simultaneously showing how THESE ARE NOT CONVENTIONAL TIMES! And if you think they are, then it is you who is the poster child for "sheeple..."
Zero Hedge does the best job possible of navigating through the madness and projecting the madnesses' possible outcomes.
I motherfucking DARE you to do better. And stay honest.
Asshole.
Things ARE obviously falling apart for those that care to look beyond their nose.
This period will be known as the Great Blizzard of Bullshit.
Where every single month, the actual situation on the ground for the bulk of the people is worse - jobs not keeping up with population growth, wages not keeping up with price increases, and millions of families eating the principal of their savings.
But at the exact same time that things are getting worse, the media, government, and handful of assclowns are engaged in perpetual jawboning about how things are getting better and better.
Each month only more total debt in the system. Each month the 10% that directly and indirectly suckle the teats of the banking cartel pull further away from the 90% who are literally falling into poverty and debt slavery.
We can take our pick on what to focus on. The hocus pocus of higher markets via money printing and manipulation gives you a hardon. The unprecedented number of people now living in their cars doesn't seem to make your radar. Or the unprecedented number on food stamps. Or the 17 million jobs we're short. Or the gap between the haves and have nots which has rocketed way past the gap we had in 1929.
So jawbone your bullshit. Meanwhile the actual situation on the ground for 90% of the people just gets worse, and worse, and worse.
Eeeeeeggselent post.
Impressive voting stats you got there
http://www.zerohedge.com/news/hank-paulson-tipped-goldman-led-plunge-pro...
in case you missed my response to yur serial trolling over on that thread. Chingate Cabron!
My, my. We have a winner of the 'Epitome of Brainwashed American Corportocracy Indoctrination' Award for 2011.........
It is the Love Actually season of Peace on Earth and Goodwill Towards Men.
In otherwards buy crap you don't need, with money you don't have, for people you don't like.
Now off to put soft circles around my Tiffany's catalogue picks.
I think this consumer confidence number is the most manipulated of all the government numbers. Totally unbelievable with housing prices and unemployment at the current levels.
Short SPX till 850
well price of gas is down.
They aparently aren't confident in the banking sector
They'll do anything in desperation when they know the game is over.
BULLSHIT. Not even drugs could raise the confidence level.
...And in other news from the Ministry of Truth, the unemployment rate is only 9%, and the rate of inflation is only 3.53%! Expect these numbers to become even rosier as the 2012 election approaches, despite an economy sinking further into the abyss...
Tough to short this market.
Maybe liquor sales are up 16% as well.
yep, being poor will now be referred to as being on a diet. who doesnt feel better after being on a diet.
You know, lose all that excess weight from your home, investments, belongings, etc. Gee I feel so free and light, Thank you uncle sam, all that prsoeprity was really weighing my down.
Is this to counteract that Shiller housing number thingy ?
I don't believe this number is correct !
Why do I think there is no confidence ? Because there is no honesty !