Thread: Consumer Confidence Collapses From 59.2 To 44.2: Lowest Sinc

Consumer Confidence Collapses From 59.2 To 44.2: Lowest Since April 2009, Hopium Ends As Outlook Crushed

Submitted by Tyler Durden
08/30/2011 10:07 -0400
Comments: 165 / Reads: 7,651

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:



http://www.zerohedge.com/news/consumer- ... ok-crushed

This Is The Way The Hopium Ends: Not With A Bang, But With The Biggest Collapse In Future Consumer Expectations... Ever

Submitted by Tyler Durden
08/30/2011 10:25 -0400
Comments: 158 / Reads: 15,010

The charts below demonstrate the 6 month change in the 6 month forward looking Consumer Confidence outlook: in other words, this chart measure just how deceived US consumers have been by hopium consumption 6 months ago compared to reality now. In short: 2011 has been the most disappointing year for Americans in history. Whether it is due to excess hopium consumption or not... well, it is not irrelevant.



http://www.zerohedge.com/news/way-hopiu ... tions-ever