Submitted by Tyler Durden on 11/21/2012 10:15 -0500
If you aren't thoroughly confused, confounded and outright disgusted by the newsflow supposed to represent the US economy, you aren't paying attention. Because two weeks after the preliminary UMich print was supposed to come at 82.2, instead soaring to 84.9, or the biggest beat of expectations in 5 years, we get the final UMich number, which missed expectations of a 84.5 read and plunged to 82.7, the biggest miss of expectations in 4 years. Of course, this makes sense: two weeks ago we had the euphoria associated with a new old president, and hope that 4 more years may fix this country. Two weeks, and the biggest market drop in one year later, enthusiasm has been doused just a tad. And adding insult to injury, 1 Year inflation expectations rose from 3.0% to 3.1% - just as the spectre of declining asset prices has reared its ugly head, yet this is well below the 2.8% expected for 5 year inflation - as a reminder, in 5 years the Fed's balance sheet will be between $6 and 10 trillion. Boy is everyone in for a surprise...
But the bottom line: the long-standing tradition of "confuse everyone with BS" continues, as investors desperate for some stability either to the up or downside, are unable to get a bearing for the 4th year in a row.
Two weeks ago:

And today,,,,,,,,,,

http://www.zerohedge.com/news/2012-11-21/biggest-umich-miss-4-years-follows-biggest-umich-beat-5-years
Kaiser Sousa
Kaiser Sousa's picture
whoever these assholes are that come up with these bogus ass numbers for this bogus ass survey should be lined up and marched down a line where on both sides there are ZH readers who then punch them in the face all they way down to the end....
Sincerely,
Sick of the *ucking bullshit.
slaughterer
slaughterer's picture
France downgrade -- rally
No Greek deal -- rally
U Mich miss -- rally
Consumer confidence miss -- rally
Tel Aviv bus explosion -- rally
See a pattern here?
gjp
gjp's picture
yeah all great reasons to sell gold and buy more AMZN and CRM. Virtual products with virtual earnings. The future is virtual, baby ... not sure how we'll all function on virtual energy.
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Wed, 11/21/2012 - 10:46 | 3002014 Lendo
Lendo's picture
LOL, well put man.
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Wed, 11/21/2012 - 10:47 | 3002017 John Law Lives
John Law Lives's picture
TPTB don't want a sell-off right before Black Friday. Got to keep the masses motivated to buy more and more junk.

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.