(Link.)
WTF is right!
If the chart above is correct, American's have truly lost their minds....
But if it's wrong, someone either made a really big mistake....or someone is intentionally lying.
I think we are at a stage of extreme data manipulation and finger pointing deflection from all sides no matter which side of the pond they are on.
I honestly dread to think what will ever happen if the smoke fades or the mirrors break.
That chart is suspicious. The other day sentiment was reported to be the lowest since the 1980's yet consumer spending doesn't seem to have a corresponding drop. I also heard the true rate of inflation as measured 30 years ago is not being considered. I heard if the same inflation methods were used today, we would currently be in a recession instead of counting rising prices as part of increasing sales and additional consumer spending which is counted as higher GDP with today's methods of determining inflation.
The other possibility is that consumer spending is about to fall off a cliff to match the large plunge in sentiment.
The thing I wonder is.. how long before the lies are so obvious they can no longer hide what is happening behind lala land figures!
If you followed the last market crash you know that the lies are already there, is not denial that Americas economy linked to the global economy is out of the woods yet, it was patched up by bandaids of bailouts that were not only to paid for the mistakes of the US too big too fail but billions were transfered to around the world to those banks linked to the US banks.
Remember that the IMF while it has the looks to be international banks, the sole higher funder of it is the US, so in other words if the IMF is buying countries and destroying them with debt is actually the US the one doing that.
The IMF is the US, even when France and Germany holds the votes.
without the US it will not be IMF. The trend seems to have gone hyperbolic since '08. There is a feeling that nobody checks anything anyway so who cares, make it up...and according to game theory, who should care? If everyone accepts the rosy consensual hallucination then the emperor certainly is clothed. Until he isn't, of course.
A big part of the problem is that it seems an enormous part of the population is medicated on prescription pills.
I'm not being facetious. It suddenly seems like everyone in the US is heavily sedated. Very disconcerting.
Looking at web pages to see if there was any discussion of this, I find that Australian consumers are also out of their minds in the complete OPPOSITE way...
The darker line, retail sales, tracks consumer confidence reasonably well if you shift it up a bit, but more recently it seems that while consumers have quite good confidence (the Australian economy is doing quite well, globally speaking), nobody is buying anything!
pdf file
Looking at the chart further, it seems to have happened in 1997 and 2005 as well.
Anyone know what happened in those years?
Probably their uber oppressive and brainwashing government. Not saying aussies really buy into their governments crap, but the graph seems to say otherwise...
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