{"id":16177,"date":"2011-06-30T09:00:00","date_gmt":"2011-06-30T16:00:00","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=16177"},"modified":"2014-08-06T07:53:10","modified_gmt":"2014-08-06T14:53:10","slug":"consumer-confidence-still-rolling-along-the-gutter","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2011\/06\/30\/consumer-confidence-still-rolling-along-the-gutter\/","title":{"rendered":"Consumer Confidence: Still Rolling Along the Gutter"},"content":{"rendered":"<p>It&#8217;s been <a href=\"http:\/\/seattlebubble.com\/blog\/2011\/01\/06\/december-reporting-roundup-mall-meter-edition\/\" title=\"December Reporting Roundup: Mall Meter Edition\">about six months<\/a> since we visited the subject of consumer confidence, and with the most recent data having been <a href=\"https:\/\/www.conference-board.org\/press\/pressdetail.cfm?pressid=4230\" title=\"The Conference Board Consumer Confidence Index\u00ae Declines Again\">released this week<\/a>, I thought it might be a good time to post an updated version of my interactive chart.  You can drag the time sliders below the chart to view data going all the way back to 1998.<\/p>\n<div style=\"width: 600px; height: 500px; margin: 0 auto;\">\n<script type=\"text\/javascript\" src=\"http:\/\/public.tableausoftware.com\/javascripts\/api\/viz_v1.js\"><\/script><object class=\"tableauViz\" width=\"604\" height=\"469\" style=\"display:none;\"><param name=\"name\" value=\"Consumer-Confidence\/ConsumerConfidenceIndex\" \/><param name=\"toolbar\" value=\"no\" \/><\/object><noscript>Consumer Confidence Index<br \/><a href=\"\"><img decoding=\"async\" alt=\"Consumer Confidence Index\" src=\"http:\/\/public.tableausoftware.com\/static\/images\/Consumer-Confidence-ConsumerConfidenceIndex_rss.png\" style=\"width:584px; height:420px; border:0;\" \/><\/a><\/noscript><\/p>\n<div style=\"width:604px;height:22px;padding:0px 10px 0px 0px; color:black;font:normal 8pt verdana,helvetica,arial,sans-serif;\">\n<div style=\"float:right; padding-right:8px;\"><a href=\"http:\/\/www.tableausoftware.com\/public?ref=http:\/\/public.tableausoftware.com\/views\/Consumer-Confidence\/ConsumerConfidenceIndex\" target=\"_blank\">Powered by Tableau<\/a><\/div>\n<\/div>\n<\/div>\n<p>As <a href=\"http:\/\/seattlebubble.com\/blog\/2010\/10\/21\/trashed-consumer-confidence-no-housing-recovery\/\" title=\"Trashed Consumer Confidence = No Housing Recovery\">I have mentioned before<\/a>, consumer confidence is tied pretty closely to residential real estate, and as long as confidence remains in the gutter, we won&#8217;t be seeing a recovery in real estate.<\/p>\n<p>After dropping below 30 in January 2009, the present situation index spent two full years below 30. Prior to this slump, the lowest the present situation index had ever been was 59.7 in September 2003, which was the last month of a 7-month trough.  In January this year the present situation index finally made it back above 30, and although it has slumped a bit in the last few months, the current level of 37.6 is definitely a better place than during the worst of the crash.<\/p>\n<p><a href=\"http:\/\/seattlebubble.com\/blog\/2010\/12\/16\/best-worst-most-likely-end-of-2010-edition\/\" title=\"Best, Worst, &#038; Most Likely: End of 2010 Edition\">I have been saying it for a while<\/a>, but it&#8217;s worth repeating that I still think we&#8217;re in for a very long, drawn out, Japan-style economic slog over the next decade or so, so I expect that like home prices, we&#8217;ll see consumer confidence bounce along the bottom for some time to come.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s been about six months since we visited the subject of consumer confidence, and with the most recent data having been released this week, I thought it might be a good time to post an updated version of my interactive chart. You can drag the time sliders below the chart to view data going all&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,25],"tags":[604,1115,531],"coauthors":[],"class_list":["post-16177","post","type-post","status-publish","format-standard","hentry","category-stats","category-economy","tag-consumer-confidence","tag-economy","tag-tableau"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consumer Confidence: Still Rolling Along the Gutter \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2011\/06\/30\/consumer-confidence-still-rolling-along-the-gutter\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Consumer Confidence: Still Rolling Along the Gutter \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"It&#8217;s been about six months since we visited the subject of consumer confidence, and with the most recent data having been released this week, I thought it might be a good time to post an updated version of my interactive chart. 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