Consumer Confidence Misses (Again), Tumbles To Lowest In 7 Months

No matter what measure of confidence, sentiment, or animal spirits one uses, the consumer is not encouraged by the record-er and record-er highs in the US equity market. The Conference Board's consumer confidence data missed for the 2nd month in a … [...]

Futures Go Nowhere In Quiet Overnight Session

In fitting with the pre-holiday theme, and the moribund liquidity theme of the past few months and years, there was little of note in the overnight session with few event catalysts to guide futures beside the topping out EURJPY. Chinese stocks closed a… [...]

Consumer Confidence Collapses To Lowest Since Dec 2011 (Biggest Miss Since 2006)

Whether it is the conference board, Gallup, Bloomberg, or pretty much any other measure of the economic confidence or consumer comfort in the US, the numbers have been falling (or plunging) despite the incessant rise of US equities. The reason this is … [...]

Consumer Confidence Plunges Most In 2 Years

Following the lowest UMich confidence print in 2013, Gallup's economic confidence collapse, and Bloomberg's index of consumer comfort signaling major concerns among rich and poor in this country (in spite of record highs in stocks), today's… [...]

Futures Flat As FOMC Begins 2-Day NOctaper Meeting

For those curious what Bernanke’s market may do today, we flash back to yesterday’s AM summary as follows: “Just as it is easy being a weatherman in San Diego (“the weather will be… nice. Back to you”), so the same inductive analysis can be applied t… [...]

Consumer Confidence Plunges To Lowest In 2013

Following record UMich misses, Gallup's economic confidence collapse, the slump in the conference board's measure of confidence, and Bloomberg's index of consumer comfort signaling major concerns among rich and poor in this country (in spit… [...]

Government Is Largely Responsible for Soaring Inequality

  It's Not an Accident … It's Policy America is experiencing unprecedented inequality. And a who's who of prominent economists (and investors) say that inequality is hurting the economy. Defenders of the status quo pretend that this … [...]

Consumer Confidence Drops Most In 6 Months To 4 Month Low

Following UMich confidence's biggest miss on record, the Conference Board misses expectations printing at its lowest since May 2013 as the last data was revsied higher. This is the largest MoM drop since March. Crucially, the headline index was sav… [...]

Frontrunning: September 5

BOE Leaves Policy Unchanged as Carney’s Guidance Assessed (BBG) Surprise or not, U.S. strikes can still hurt Assad (Reuters) Samsung Gear: A Smartwatch in Search of a Purpose (BusinessWeek) ‘Jumbo’ Mortgage Rates Fall Below Traditional Ones  (W… [...]

UMich Consumer Confidence ‘Revised’ From Worst Miss In 2013 To Best Beat In 4 Months

Consumer sentiment and confidence has been a smorgasbord of confusion recently. Bloomberg’s Consumer Comfort index just had its biggest 3-week plunge in 16 months falling back to its lowest since the first week of April. Conference Board confidence was… [...]