(Vid. Incl.)People Are Waking Up As Economy In Free-Fall? Congress Approval Rating Sinks To Historic Low, American Trust In Media Falls To Decade Low, CNBC Viewership Drops To Lowest Since 1997!

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People Are Waking Up As Economy In Free-Fall? Congress Approval Rating Sinks To Historic Low, American Trust In Media Falls To Decade Low, CNBC Viewership Drops To Lowest Since 1997!

SHOCKER: Americans don’t trust news media

Americans trust news media less than ever, according to a new poll by Gallup. Confidence in newspapers is less than half of its 1979 peak of 51 percent, while trust in television news hit a new low of 18 percent. Is this due to the rise of infotainment, media concentration or another reason altogether? RT’s Ameera David finds out by discussing the issue with Abby Martin, host of Breaking the Set, and producer Manuel Rapalo.

GALLUP: CONGRESS APPROVAL RATING SINKS TO HISTORIC LOW

Still less popular than dog turd

Just when you thought it couldn’t go any lower, the approval rating for Congress among Americans has hit an all time low, according to a new Gallup poll.

The number of Americans who now have “a great deal” or “quite a lot” of confidence in Congress as an institution stands at a paltry 7 percent. Just 4 percent have a “great deal” of confidence, while only 3 percent say they have “quite a lot” of confidence.

The figure marks a three percent drop on last year from 10 percent, and is a historic low point.

Gallup has charted the demise in confidence Americans have in their elected representatives since 1973 when the approval figure stood at 42 percent. since that time there has been a steady downward lurch.

“Americans’ current confidence in Congress is not only the lowest on record, but also the lowest Gallup has recorded for any institution in the 41-year trend.” the pollster reports.

Gallup: Congress Approval Rating Sinks To Historic Low

CNBC Viewership Drops To Lowest Since 1997, Cramer Has Worst Month Ever

While those in the financial industry who are forced to make profits by trading other people’s money (note: never their own) enjoy CNBC for the comedic content and the endless barrage of humorous propaganda (while getting their actionable info from Bloomberg and sellside soft-dollar services), the retail investor has traditionally relied on the Comcast channel for news updates, biased as they may be (remember: the Fed, ECB and BOJ are only micromanaging the global economy and injecting trillions because all is swell and self-sustainingly recovering and stuff) and trading recommendations.

At least that’s how it used to work. However, when one looks at the most recent CNBC ratings something odd emerges: either the “retail investor” has found an alternative media outlet for getting their financial information during the day (or simply is tired of being lied to about some magical recovery that only affects 1% of the population) or said retail investor simply no longer exists despite all the endless propaganda to the contrary spewed by CNBC itself.

The reason? According to the latest Nielsen Media Research data, in the second quarter of 2014, CNBC viewership for all viewers just dropped to 162,000 – a new (and depressing for Comcast) low, on par with CNBC’s viewership from Q2 of 1997!

http://www.zerohedge.com/news/2014-06-24/cnbc-viewership-drops-lowest-1997-cramer-has-worst-month-ever

An Increasing Number Of US Cities Are Reporting Declining Home Prices

Earlier today, we saw that the pace of home price growth slowed in April. According to the new Case-Shiller report, the index of 20 cities was up just 0.19% month-over-month and 10.82% year-over-year.

But one thing jumps out from the report: a growing number of cities are reporting price declines. From Gennadiy Goldberg at TD Securities:

“The data shows a notable decoupling of home price gains across the 20 cities surveyed by the index. Just 15 cities saw home prices appreciate in April as 5 cities saw declines – the smallest number of cities showing monthly home price appreciation since February 2012…

Read more: http://www.businessinsider.com/us-home-prices-decouple-2014-6#ixzz35bFwJjfs

And Now, What The Consumer Really Thinks: Gallup Poll Finds Confidence Tumbles To 2014 Lows

Via Gallup,

Gallup’s U.S. Economic Confidence Index lost another point last week, the third week in a row the index has dropped by one point. At -16 for the week ending June 22, the index is the lowest it’s been since April…

http://www.gallup.com/poll/171857/economic-confidence-index-dips.aspx?utm_source=alert&utm_medium=email&utm_campaign=syndication&utm_content=morelink&utm_term=All%20Gallup%20Headlines

http://www.zerohedge.com/news/2014-06-24/and-now-what-consumer-really-thinks-gallup-poll-finds-confidence-tumbles-2014-lows

The Baltic Dry Index Is Down 60% Year-To-Date; Worst On Record

The Baltic Dry is hovering near post-crisis lows…

http://www.zerohedge.com/news/2014-06-24/baltic-dry-index-down-60-year-date-worst-record

Dubai Stock Market Crashes

The Dubai stock market crashed today, with the main index falling over 6.5%, after being down 8% at one point.

http://www.businessinsider.com/dubai-stock-market-crashes-2014-6#ixzz35bKgBkfa

Traders will be watching May data Wednesday to see if business spending is picking up, but any good news could be overshadowed by another big downward revision to first quarter GDP.

Economists expect to see a 2 percent decline in first-quarter growth, and while it’s old news, it still is a negative, as markets try to figure out if growth is improving as much as expected. First-quarter GDP declined by 1 percent in the last revision, and the weakness has been widely blamed on bad winter weather.

“I know it’s the third look at history. It might be down 2 percent, and that kind of catches people’s attention. Apparently they’ve given us reason to believe consumer services spending was not what it was,” said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi.

http://www.cnbc.com/id/101785890

from Gullup:

U.S. Economic Confidence Index Dips to -16
June 24, 2014
Gallup’s Economic Confidence Index is now at -16, after dropping one point each week for the last three weeks. The index has remained relatively consistent throughout 2014.
Americans Say Social Media Have Little Sway on Purchases
Vast majority use social media to connect with friends, family

June 23, 2014
U.S. Economic Confidence Index Retreats Slightly to -15
Attitudes became more negative at the end of the week

June 17, 2014
U.S. Economic Confidence Static at -14
Economic Confidence Index essentially unchanged from previous week

June 10, 2014
Few Consumers Trust Companies to Keep Online Info Safe
One in five have “a lot of trust” that companies safeguard personal data

Headlines:

Health-care inflation starting to head back up as economy turns
Argentina debt ruling upends restructuring norms
Americans Still Aren’t Saving for a Rainy Day
Argentina’s 1st-Quarter Current Account Deficit Widens to $3.30 Billion
High Yield Bond Volume Slips To $6B As Yields Hit Record Lows
Argentina economy slips into recession in first-quarter
China banks seek profit boost through their bad debts
China’s central govn’t may struggle to meet 2014 fiscal target
GM pension plans still deep in red (Canada)
India to raise import duty on sugar, promote exports
Group health plan costs to increase 5.4% this year
Japan’s lumbering public pension to be recast as agent of reform
Longer lifespans could add to Washington state pension costs
Bond Market Has $900 Billion Mom-and-Pop Problem When Rates Rise

Read more at http://investmentwatchblog.com/people-are-waking-up-as-economy-in-free-fall-congress-approval-rating-sinks-to-historic-low-cnbc-viewership-drops-to-lowest-since-1997-cramer-has-worst-month-ever/#SyOQS3TDOJicmcK2.99

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