Posted by: Timothy Ellis (The Tim)

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

11 responses to “Consumer Confidence: Expectations Dipped in December”

  1. Kary L. Krismer

    It will skyrocket to 150 by January. We now have the one Trillion dollar platinum coin in our economic arsenal. /sarc

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  2. sniffy

    Coincidentally, my confidence that I’ll be able to buy a house next year also dipped over the past month thanks to the low inventory situation.

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  3. Mike

    By sniffy @ 2:

    Coincidentally, my confidence that I’ll be able to buy a house next year also dipped over the past month thanks to the low inventory situation.

    My original plan for 2012 was to wait until November and look for a good deal when the market slowed over the winter. I’m glad I didn’t do that.

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  4. Blurtman

    RE: Kary L. Krismer @ 1 – What is sadly telling is the expectation by at least some blog readers that the USG will have to purchase $1 trllion of platinum to make the coin. Unbelievable!

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  5. Kary L. Krismer

    RE: Blurtman @ 4 – LOL. I don’t know if this is true, but someone on TV claimed that if it were that much platinum, you could make a 787 out of that much metal.

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  6. Kary L. Krismer

    Meanwhile, the expectations index took a dive in December, probably thanks to the “fiscal cliff” nonsense that was dominating the media all month.

    I wonder how much of it is political? Expectations rose in 2012 when about half of the country was looking forward to a new President. They fell when they learned we’d be going through four more years like the last four years–gridlock and slow growth.

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  7. Blurtman

    RE: Kary L. Krismer @ 5 – Yes, but it is a troubling indication that people really do not understand fiat currency at all. That does it. I am moving to Dominica.

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  8. Kary L. Krismer

    RE: Blurtman @ 7 – People don’t understand a lot of things.

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  9. softwarengineer

    A Friend of Mine Labels Me the “Glass Half Empty” Rather Than a Half Full Personality

    Perhaps that’s true. On the other hand though, the consumer confidence data is fairly flat trending since the 07/08 collapse period.

    Looking at December dips is insightful, but YOY regression analysis trending since 08 is still approximately flat with “no deterioration”. Or to the half empty personality, “no improvement”.

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  10. No Name Guy

    RE: Blurtman @ 4

    Read Charles Hugh Smith’s commentary today…..great explanation of the fallacy of those clowns and their huge denomination coins.

    Or, for the simpletons (not you Blurt, you get it): Take a blank slug from an Eisenhower “silver” dollar (1971 to 1978) and change the denomination to, let’s say, $1,000. And there you have “turning” 20.15 cents of material (the nickel and copper melt value per coinflation) into a thousand bucks. Or even better, use the current blanks for the Presidential dollar coins – only 6 cents and change of melt value in them. The same as hitting ctrl P on the Fed’s printing machine.

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  11. Kary L. Krismer

    RE: No Name Guy @ 10 – A link would be nice, since he appears to have more than one site. Was it the Martian piece?

    I wonder what the reaction would be of the markets if they actually tried it? Particularly those currently buying our debt.

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