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Economic Barrage Update
Economic data barrage update:
- CPI up 0.1% on expectations of 0.2%, previous 0.3%; Ex-food and energy unchanged on expectations of 0.1% - all of this is in stark contrast with yesterday's PPI as the Department of Truth can no longer even get its story straight (link)
- Empire Manufacturing in october at 15.73 on expectations of 6.00 and previous 4.1, as somehow economic activity in New York picked up (link)
- Advance retail sale M/M 0.6% on expectations of 0.4%, previous 0.7%(link)
All in all good data, which is now too little too late - the madman has been unleashed
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It's election season in NY and that is where it derives all its economic activity from
So true, election time is always a good time to go long
CPI is pointing to disinflation if nout outright deflation. Rise in PPI, without any such case with CPI may mean pressure on margins.
Per Miish, Retail Sales are measured with a faulty methodology.
I am quite shocked by the Empire State survey. That's a big jump.
Just a fresh coat of paint and new tires on a car with 500,000 miles and the oil light flashing.
1. Retail sales at $367 billion. Government stimulus for the month (deficit spending) about $120 billion. Gee I wonder how retail sale held up.
2. Empire State index. Yup manufacturing should pick up a bit with a lower dollar. The problem now is that it is the service sector (especially state and local government spending) where the weakness is. Got to look in the right place to get the right data.
And Congress wants Seniors to send another 250 dollars into the hole instead of giving them proper COLA increases next year.
Never mind the coat of paint or the fresh tires with oil light on that car, watch out for the failing bridge ahead.
is it impossible to remove bernanke from his chairmanship before the end of his term?
Ceridian says barely a pulse.
Would it not be a fair question to ask that the Fed doesn't have the tools to fix the economy and may actually be doing more Harm? It's a very basic question that has been unanswered.
Mr. Bernake in order to have a stable Economy one needs a Stable currency, You have succeeded in neither.
http://www.ceridianindex.com/
So let me get this straight; Economic activity is picking up and things are better not worse. No need for bunkers, guns or beans in the back yard. The world is still turning, people are buying and the US is still making stuff.
More excuses as to why this news can't be so or more excuses as to how it really doesn't mean anything from the ZHer's.
Harry and Leo were right; should've listened to them long ago. Also, maybe we're kicking the dems out way too soon. Looks like a recovery from where I sit on the Ike inbound; somebody is driving into Chicago everyday to do something and I don't think they all drive in the collect unemployment checks.
CNBC has said things are improving for a long time. Here, not so much. Looks to me like I need to update the score:
CNBC 2 ZH 0
No they drive in while up to eyeballs in Debt. And post pone the toll payments until the end of the month. They go to Chicago because they are slaves and must go.
What you dont see is the great percentage of the US population living really slow trying to get ready for when the Unemployment runs out or perhaps other things to fall down.
Humpty Dumpty fell out of the MERS window and no one can fix him now. Not ever. And the shockwaves will continue to roll on. We just aint there yet. Keep watching and waiting.
It's like dropping a bomb against a great dam in war. It takes alot of time for that shock to work it's way through the entire structure. Wait a while, it will come.
Some of us have already heard the explosion and are doing what they must to get the hell out of the low lying areas ASAP and live above the pending flood stage that will sweep away the unfortunate sheep.
I am firmly believing now that those who DO have jobs are only postponing the inevitable FAIL as the debt catches up to them when the Interest rates starts to rise. The more the Fed stands tight on Zero, the more the pressure builds.
I remember when people were HAPPY to buy houses at 16% interest or more over 30 years long time ago.
The lucky few are running the other way, paying off all debts free and clear and INVESTING in guns, beans and what have you to get ready for when that day of reckoning comes to the USA.
And because these debt free or nearly so people are doing well on so little, they can say FU to chicago and go work in some tiny village somewhere part time for fun close to home.
And thank you Obama for confirming our outlook on life in small towns while we bitterly cling to our guns and bibles. *Pffth.
It aint the Bitterness that will get ya, but the sense of personal defeat and total loss of self worth and respect because you heard the news and failed to do anything. In the old days long ago people committed suicide regularly because it's over, finis, kaput. done.
A few years ago some friends looked at us like we were nuts and crazy raving fools for saying that FDIC was FINISHED.
Some of them are making thier moves now. And no longer look at us strangely.
The problem is costs are far ahead of income. Even if the sheeple are lucky enough to have a job to go to, it doesn't leave for much saving or 'investing' at the end of the day.
Capital-ism. Bring back the Capital. Bewanker is going the wrong way.
NY Income declined first time in 70 years....Ben earth to Ben, come in.
Another simple question.. How does one invest in US Markets with an underlying currency that depreciates each day? How does one do that?
ans. You cannot, The Dow is where it was 10 yrs ago. This why Gold has been No 1 for ten years.
Really this is a great post from an expert and thank you very much for sharing this valuable information with us.
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