Submitted by Tyler Durden on 05/21/2015 10:07 -0400
Consumer Comfort is now the lowest it has been since Dec 2014 as Bloomberg’s sentiment index continues to track the pain of higher gas prices better than the gain of higher stock prices. This is the biggest 6-week plunge in sentiment since Oct 2013. What is more worrisome is ‘hope’ is plunging. Economic Expectations fell by the most since Oct 2013 – the government shutdown – having fallen for 3 straight months. It appears the trickle-down popularity of seeing a Green Dow print every night on the news does not make the average joe feel any better about the world after all???
Confidence is tumbling…
As Hope collapses…
Charts: Bloomberg
Schiff was quoted today that he believes the fed will continue to print and interest rates will remain low. I think he is right and we will continue to muddle along as a zombie economy until the trigger is pulled.