California Youth Crime Plunges to All-Time Low

Macro Notes

Confidence falls sharply, DC patience thin?
Peter Boockvar

UoM Consumer Confidence fell sharply in Dec to 74.5 from 82.7 in Nov and below expectations of 82. It's a 4 month low and is down from the highest level since Sept '07. Most of the drop came in the Outlook component which fell by 13 pts to the lowest of the year while Current Conditions were down just .8 pts. Also of note, notwithstanding a 5 month low in the avg gallon of gasoline, one year inflation expectations rose to 3.3% from 3.1%, matching the highest since Aug. Five yr inflation expectations rose to 2.9% from 2.8%. Bottom line,...

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Source: http://www.ritholtz.com/blog/2012/12/california-youth-crime-plunges-to-all-time-low/

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