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Abercrombie & Fitch Co. Message Board

  • lumpen_proletariat lumpen_proletariat May 17, 2013 10:13 AM Flag

    Totally incredibel Consumer Sentiment number this morning

    A reading of 837 with gasoline prices at 3.5 dollars a gallon and transportation fuel demand dropping?

    The 4:00am futures and subsequent market run up contradict the results and guidance at Walmart guidance at the low end. They contradict Nordstrom guidance at the upper end. Apparently the consumer is so optimistic that they are not driving anywhere and are happy consuming reality TV and ordering on the internet. Perhaps the sample consists of Lloyd Blankfein, Warren Buffet and the hedge fund industry.

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    • Confidence is generally a lagging indicator and it doesn't mean much. The whole idea that housing is going to lead is absurd. We are builing houses at the same rate as 1968 when we had 100 million less people.

      The economy is actually collapsing. We have 12 trillion in new debt since 2007 and have created less that $500 billion in real annual wages.

      We are going to have a massive cash shortage here very soon. cash equiva;lents aren't cash. As soon as the investor finds this out and tries to cash-ify their "equity" they're gonna find this out.

 
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