Friday, August 17, 2012

Economic Outlook Drops To Lowest Of The Year As Inflation Expectations Surge

University of Michigan Consumer Confidence came modestly higher than expected and limped higher off the lowest levels of the year. However, aside from this apparently positive event (accoding to some media pundits), there are two worrying things shifting rapidly. Consumer outlook for the economy (as opposed to current conditions) dropped to their lowest of the year with the largest 3-month drop in 11 months (so much for hope?); and inflation expectations soared by the most in 17 months.
Consumer's outlook for the economy is plunging...


while their expectations of inflation are soaring...


http://www.zerohedge.com/news/economic-outlook-drops-lowest-year-inflation-expectations-surge
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3 comments:

  1. Live FreeAugust 17, 2012 at 8:37 AM

    Inflation UP, Growth SLOWING. It's called STAGFLATION. Eventually it will be called HYPERSTAGFLATION

    ReplyDelete
  2. RojayalsoAugust 17, 2012 at 11:58 AM

    "Consumer outlook for the economy (as opposed to current conditions) dropped to their lowest of the year with the largest 3-month drop in 11 months (so much for hope?); and inflation expectations soared by the most in 17 months."

    So...How do ya spin this into a good news story,other than for the GOP.

    ReplyDelete
  3. AngieAugust 17, 2012 at 10:34 PM

    I have to say that things are not looking good around here. I know too many people who are out of work and have no prospects as no one is hiring. That being said I am amazed that they are building on the Jr. college campuses around the area. On one they (over the coarse of 3 years) have built 4 large units, 2 parking garage and they are starting another project - clearing the land .

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