Chart of the Week - Crisis of Confidence
- Callum Thomas
- Aug 10, 2022
- 1 min read
Global Economic Confidence Trends: Consumer confidence has collapsed all around the world this year, nearly matching the pace and magnitude of the drops seen during the global financial crisis and pandemic panic.
We have never seen consumer confidence collapse to this degree without taking business confidence down with it (and a subsequent downturn/crisis taking hold).
Indeed, pattern-recognizers might notice that consumer confidence was the first to collapse in 2008, only to be followed by business confidence shortly after.
Of particular intrigue is that the gap between Consumer confidence vs Business confidence reached a record level in July — eclipsing the previous record set in June 2008. The concern is that business confidence now “catches down”.
While these are all “just surveys”, the message is clear and consistent: people are saying that things are bad. This is actually in line with what the leading indicators are pointing to in terms of the global growth outlook, and frankly in line with the economic logic and intuition of how these things normally play out.
An unusual cycle, yes, but with many familiarities…
Key point: Consumer confidence has collapsed.
NOTE: this post first appeared on our NEW Substack: https://topdowncharts.substack.com/
Best regards,
Callum Thomas
Head of Research and Founder of Topdown Charts
Follow us on:
Detailed and practical, this guide explains concrete rebar in a way that feels approachable without oversimplifying. The step by step clarity is especially useful for readers new to the subject. I recently came across a construction related explanation on https://hurenberlin.com that offered a similar level of clarity, and this article fits right in with that quality. Great resource. explanation feels practical for everyday rauhaneusers. I checked recommended tools on https://www.eljnoub.com
s3udy
q8yat
elso9
This in depth guide explains exactly what aka ms remoteconnect is, why Microsoft uses this short link, and how it helps users securely access remote connection tools. aka.ms/remoteconnect
Eggy Car is a lighthearted physics runner that tests your gentle control. The challenge is maintaining momentum while protecting the fragile cargo from unexpected bumps.
Ragdoll Archers is an amusing physics challenge centered on trajectory and timing. The fun comes from mastering the loose, unpredictable movements of the archer.
Discover the joy of culinary creativity with our Kids Cooking Classes at École Ducasse Abu Dhabi. Designed for young chefs aged 6 to 16, these 2-hour sessions introduce children to the art of pastry and cooking. From interactive parent-child "4 hands" classes to specialized courses for mini chefs and teenagers, each class fosters confidence, teamwork, and a love for gastronomy.