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What Does Consumer Confidence Really Measure?

IMG Auteur
Mish
Global Economic Analysis
Published : March 10th, 2017
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Category : Technical Analysis

The Fed is a big believer in consumer confidence numbers. I never understood why because I never could see strong correlation between confidence and spending.

There is a strong correlation, but it isn’t spending habits. John Hussman provides the answer below.

Multi-year highs in consumer confidence are less a sign of forthcoming consumer spending as a sign of forthcoming investor losses. pic.twitter.com/2jCJYt8T4Q

— John P. Hussman (@hussmanjp) March 9, 2017

Let’s break out that chart with some vertical bars to better indicate what consumer confidence really measures.

Thanks, John!

Mike “Mish” Shedlock
Source : mishtalk.com
Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
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IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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