April Vehicle Assembly Rate Collapses, May Industrial Production Estimates To Be Cut

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 05/17/2011 - 13:51 | 1283692 Ray1968
Ray1968's picture

Could $5/gal gasoline have anything to do with this?

Obama energy policies are killing the industry he tried to save (with our tax dollars)

Tue, 05/17/2011 - 13:51 | 1283699 Sophist Economicus
Sophist Economicus's picture

No!    It rained in April

Tue, 05/17/2011 - 14:15 | 1283819 jus_lite_reading
jus_lite_reading's picture

Industrial Production was down due to unusual amounts of pollen. People sneezed and stayed home.

Tue, 05/17/2011 - 14:37 | 1283979 zaknick
zaknick's picture

Mad Max Beyond AmeriKKKa here you go!!

Fascist Implosion, bitches!

Amerika: the KKK/bankster empire ends in tears!

Tue, 05/17/2011 - 16:34 | 1284533 smlbizman
smlbizman's picture

bullshit i say...gm is is selling like a billion cars a week.....look it up....i just cant find the title info or registration info at my local dmv....

Tue, 05/17/2011 - 14:17 | 1283831 andybev01
andybev01's picture

Yes but the sun also shone; double whammy!

Tue, 05/17/2011 - 14:17 | 1283833 Slash
Slash's picture

whatever happened to Hugh Hendry or whatever? wasn't he doing something with Japanese steel producer CDS's or something? did he get killed or make a killing?

Tue, 05/17/2011 - 14:24 | 1283873 spartan117
spartan117's picture

He was short Japan.




Must have made a killing.

Tue, 05/17/2011 - 14:32 | 1283916 aerojet
aerojet's picture

Tsunami, Bitchez!

Tue, 05/17/2011 - 15:14 | 1284174 Clorox Cowboy
Clorox Cowboy's picture

Were there 4 Tuesdays or 5 in April?  Trust me that will make all the difference...it's the newest thing in seasonal adjustment circles.

Tue, 05/17/2011 - 13:52 | 1283702 francis_sawyer
francis_sawyer's picture

They don't build 'em like they used to...

Tue, 05/17/2011 - 14:21 | 1283874 Arthur Two Shed...
Arthur Two Sheds Jackson's picture

Once I built a mono-rail?

Tue, 05/17/2011 - 23:50 | 1285980 jeff montanye
jeff montanye's picture

and made it run, made it race against time?

Tue, 05/17/2011 - 13:55 | 1283710 disabledvet
disabledvet's picture

"and our re-election campaign slogan is now officially underway"--(clapping, camera flash bulbs popping, magical line sheet wisked off white board) "yes i give you...i give you...A PICKUP TRUCK IN EVERY DRIVEWAY!  Questions please, questions.  Yes, not all at once, not all at once. You there, you there!  What say you?  Why not a "chicken in every pot" you ask?  Well, well....

Tue, 05/17/2011 - 13:59 | 1283742 francis_sawyer
francis_sawyer's picture

"A PICKUP TRUCK IN EVERY DRIVEWAY!  Questions please, questions.  Yes, not all at once, not all at once. You there, you there!  What say you?  Why not a "chicken in every pot" you ask?"


These days, it's more like...

"DRIVE-A-WAY & PICK-UP your chicken basket from Popeyes"...



Tue, 05/17/2011 - 14:08 | 1283794 disabledvet
disabledvet's picture

"we can do that too! gas cards and Popeyes.  next question please.  you in front--what say you?"

Tue, 05/17/2011 - 14:19 | 1283844 francis_sawyer
Tue, 05/17/2011 - 14:47 | 1284028 candyman
candyman's picture






Tue, 05/17/2011 - 13:56 | 1283715 mayhem_korner
mayhem_korner's picture

They don't need to build any more cars anyway - they're stacked 4 high at the dealer lots.  It's worse than the shadow inventory of RE.

Tue, 05/17/2011 - 14:04 | 1283760 Rainman
Rainman's picture

....and the price on used cheaper cars is taking off. Used car dealers can't get cheapies at the auction because dealer's aren't getting trade-ins and cash for clunks took a lot of good merchandise off the road for destruction. Po folk get the camshaft again !!

Tue, 05/17/2011 - 14:13 | 1283822 TheTmfreak
TheTmfreak's picture

Not to mention as regulations increase car costs continue upwards. Some aren't "safe enough" so they can't be imported. Like that indian car that was like 2k new.

Tue, 05/17/2011 - 14:22 | 1283863 NotApplicable
NotApplicable's picture

Not to mention that lots of cheap used cars were shipped overseas back when everyone was getting 5-6 yrs dealer financing @ 0% with an employee discount to boot. Never mind how many years forward that pulled demand.

At least the parking lot in the otherwise empty bowling alley (next to the brand new Nissan dealership) stays full now.

Heck of a job, Bernanke!

Tue, 05/17/2011 - 13:59 | 1283724 jkruffin
jkruffin's picture

It is plainly obvious how to kill this ponzi scheme once and for all. 

Short the SPY to hell, and Short the hell out of the EUR/USD and Benny's ponzi is over and collapsed.

Tue, 05/17/2011 - 14:03 | 1283751 francis_sawyer
francis_sawyer's picture

"It is plainly obvious how to kill this ponzi scheme once and for all..."


Buy PHYSICAL everything, with FRN's...

Tue, 05/17/2011 - 14:04 | 1283755 jkruffin
jkruffin's picture

Yes, I should mentioned that you buy PHYSICAL with the fiat profits from the shorting

Tue, 05/17/2011 - 14:23 | 1283885 francis_sawyer
francis_sawyer's picture

That's "the Morgue's" strategy with silver...

Granny's tea set is halfway out of the cupboard already...

Tue, 05/17/2011 - 14:00 | 1283730 LawsofPhysics
LawsofPhysics's picture

This is all about the collapse of Japan's economic engine, period.  GM would keep stuffing the pipeline if they had the parts.  Who needs customers in a ponzinomic system such as ours?

Tue, 05/17/2011 - 13:59 | 1283733 cougar_w
cougar_w's picture

Even though I understand the origin of the term, we have to stop calling these "black swans". They are too big and lethal to be swans anymore.

I vote for "black pteranodons"


Tue, 05/17/2011 - 14:06 | 1283782 mynhair
mynhair's picture

Black monkeydons as found in Wizard of Oz.

Tue, 05/17/2011 - 14:07 | 1283791 cougar_w
cougar_w's picture

Yes that works too. As an added bonus they fly out your butt.

Tue, 05/17/2011 - 14:00 | 1283750 RobotTrader
RobotTrader's picture

They are celebrating this news by:

- Bidding up WFC by 3% (the "Fix Is In" on the banks, as of today)

- Jamming COF, AXP, DFS up to new 3-year highs.

- Pushing "Grandma" utility stocks up to new highs for the move (thanks for ZIRP)

Tue, 05/17/2011 - 14:03 | 1283766 Tyler Durden
Tyler Durden's picture

As we said yesterday, we believe Utility stocks will subsantially outperform from here on out as part of the great QE unwind compression trade.

Tue, 05/17/2011 - 14:09 | 1283779 Muir
Muir's picture

and spot on

That and your analysis of the FEDs put selling on Tres were the best Financial analysis anywhere this year.


Tue, 05/17/2011 - 14:13 | 1283823 LawsofPhysics
LawsofPhysics's picture

Yep, people still need water and power.  Well some do.  Folks in my neck of the woods are pretty "self reliant".  How long before that phrase gets wiped from existence by TPTB?

Tyler, where can I find more info on utility stocks the represent mostly communities in non-broke states?

Tue, 05/17/2011 - 15:28 | 1284228 Spalding_Smailes
Spalding_Smailes's picture

QE unwind ??? Who would have thunk it ..... Lol .... Not the bears or the doomers' I guess ....



The amount of freight carried by the for-hire transportation industry increased 1.9 percent in March from February to reach the highest level since July 2008, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ Freight Transportation Services Index released Wednesday, May 11. The March increase followed a decline in February.

BTS, a part of the Research and Innovative Technology Administration, reported that shipments measured by the Freight TSI rose 15.1 percent over the last 23 months, starting in May 2009, after declining 15.7 percent in the previous 16 months beginning in January 2008. Freight shipments have increased in 17 of the last 23 months. Freight shipments in March (108.6 on the index) rose 15.1 percent from the recent low in April 2009 (94.3) when freight shipments were at their lowest level since July 1997.

Freight shipments reached a 33-month high in March despite a slight slowdown in the rate of growth in the beginning of 2011 compared to the end of 2010. For the first three months of 2011, freight shipments measured by the index were up 1.3 percent following a 2.1 percent increase during the final three months of 2010. The first quarter of 2011 saw the seventh consecutive quarterly increase since the second quarter of 2009.





Tue, 05/17/2011 - 16:15 | 1284451 SoCalBusted
SoCalBusted's picture

Yes indeed, DUK is doing well for me and I got lucky with ICO

Tue, 05/17/2011 - 14:05 | 1283770 francis_sawyer
francis_sawyer's picture


Why don't you do something useful by crunching those observations into a thesis or prediction and telling us why it's relevant...

I can go to FINVIZ.COM to see what's green, or just listen to Bob PISS ON ME


Tue, 05/17/2011 - 14:11 | 1283814 disabledvet
disabledvet's picture

"yes, yes.  i am peering into my creestal skull--i mean BALL, crystal BALL--and i'm seeing something here--yeessss, 'cloudy with a chance of rain.'  Yep, it's official.  50/50 chance of pretty much everything."

Tue, 05/17/2011 - 14:30 | 1283897 francis_sawyer
francis_sawyer's picture


In the 'Rocky' Mountains... CLOUDY

In the 'Cloudy' Mountains... ROCKY


Tue, 05/17/2011 - 14:02 | 1283761 mynhair
mynhair's picture

This must be bullish for stocks:  all those resources able to be used...err..elsewhere?

Tue, 05/17/2011 - 14:05 | 1283762 augie
Tue, 05/17/2011 - 14:05 | 1283763 kito
kito's picture

whats the big news here? every automaker already warned of limited production. its NOT due to anticipated lack of demand, as in 2008, so what is the point of this article?

Tue, 05/17/2011 - 14:03 | 1283772 Tyler Durden
Tyler Durden's picture

The point is to demonstrate the endless divergence between reality and (future) perceptions. What was consensus for April IP, where did it come? What is consensus for May IP, and where will that come. Also, one may be surprised that IP does impact GDP, and thus fiscal, monetary and other general bailout policy.

Does that answer your question?

Tue, 05/17/2011 - 14:11 | 1283801 Muir
Muir's picture

or if he needs weighty, cumbersome explanations of the wide spread phenomena that are "predictions" refer him to Talib 

Tue, 05/17/2011 - 14:23 | 1283869 Caviar Emptor
Caviar Emptor's picture

Could it be....that they were...lying?

Tue, 05/17/2011 - 14:37 | 1283950 Muir
Muir's picture


Tue, 05/17/2011 - 14:19 | 1283843 LawsofPhysics
LawsofPhysics's picture

Yep, in general most things "paper" starting to detach from anything real.  Successful investing is not a race to the bottom and I appreciate ZH's help.

Tue, 05/17/2011 - 15:38 | 1284285 kito
kito's picture

thanks for the response. although i think most would agree that any effect on gdp due to supply issues actually is (for lack of a better phrase) a transitory issue.

Tue, 05/17/2011 - 16:02 | 1284409 d00daa
d00daa's picture

Please explain this robust consumer "demand" for new vehicles, that doesn't include dealer channel-stuffing.

Thanks in advance.

Do NOT follow this link or you will be banned from the site!