Despite stagnant wages, surging jobless claims, and global geopolitical anxiety, US consumers have not been this exuberant since August 2007... a month before the great quant fund blow-up and the top of US equities... But it's different this time, we're got money-printing and low oil prices... right? Texas confidence plunged from 119.4 to 111.9 (led by a huige crash in expectations from 95.8 to 83.5). Finally, expectations for higher incomes in the next 6 months surged higher - almost at record levels of hope - despite the slump in hourly average earnings.
Highest since Aug 2007
[4]
The last time Consumers were this confident marked the top in US equities and the imminent crash of the quant funds...
[5]
And finally the hope for higher income remains its stringest almost ever... in the face of an ugly reality...
[6]
Charts: Bloomberg
