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Empire Manufacturing Beats Expectations As Prices Paid, Current And Forecast, Surge To Three Year Highs
In the rubric of today's irrelevant news, we have the Empire Manufacturing Index which came at 17.50 on expectations of 16.10, compared to a prior print of 15.43. And you know the drill: the only thing that matters for the average American is the Priced Paid, which increased from 45.78 to 53.25 a fresh two and a half year high: "The indexes for prices paid and prices received showed that prices continued to accelerate in March; the trend was particularly pronounced in the case of the prices paid index, which rose a cumulative 31 points over the past four months. This month, the index advanced 7 points to 53.3, with 53 percent of respondents reporting higher input prices while no respondents reported lower prices." The margin situation is getting worse as the Price Received increased by half the rate of increase of the Prices Paid at 20.78, compared to 16.87 in February. Elsewhere, New Orders, Inventories and Shipments all plunged. What is even scarier is that the Prices Paid Expectations soared from 55.42 to 71.43.
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WSJ cathes up with ZH re: clueless NY Fed head...
http://online.wsj.com/article/SB10001424052748704893604576199113452719274.html
It is not only the FED that is clueless. Read this about the spin from the Reserve Bank of Australia (RBA) governor re House prices in Australia:
http://www.moneymorning.com.au/20110315/dismal-economists-and-spruikers....
This poll was just taken 30 minutes ago, right? That way we can blame everything on an earthquake.
one way or the other, "yesterday's data" has no meaning now. The rules are now different, and the unknown is driving the bus.
However, as far as prices paid for industrial metals for common goods, I can tell you that the prices on a day to day basis ( from the mills) has been rising so fast that the mills stopped quoting delivery prices. How the hell can Americans run businesses under these circumstances...MR BERNANKE??????
Now it looks like there is no Fed Money to prop up the stock market as well.
Tsunamis, Rumors of war in the Mid East, Earthquakes, Nuke Meltdowns and futures plunging; all of that and the equity markets continue to be far above Rosie's predictions
You might want to give it more than one day.
Bullish, optimism is high "We are losing money on each part, but hope to make it up on volume"
America is in a full court asset inflation press. One last big fucking binge. The longer the Fed and O"Bama enable this shit....the worse the crash. USA markets up almost 100% since low....it NEEDS even more monetary stimulation due to a 2% selloff? This is fucking insane.
Store shelves should start emptying ths week as inflation goes live. Keep printing Benny.
People get together,anyone who cares about basic problem of our existance FED invited to vote in our poll and read out latest comments on yahoo FED article about QE3:
http://trendybull777.blog.com/2011/02/21/hello-world/
Voting poll is waiting for you click,take 5sec to make your choice,we must to reach critical level to be recognised by others to tove too!Thank you and keep all us together regardless government effords,we appreciate if you link us to other polls,blogs,sites to let people or your friiends to vote FED existence
The Internet has obsoleted many business paradigms and created new ones. Governance hasn't moved or innovated in its philosophy in years. So I have decided to think about this and have now started my own blog/treatise titled: Socialocracy
http://jimijon.blogspot.com
The biflationary moment: demand destroyed, but inputs will remain high.
That's the world the Fed and global central banks have wished for you.
The golden goose is demanding to be stuffed with more and more liquidity. Now it's at risk of busting.
Lotsa luck, boyz and gurlz
I am waiting for the companies to reduce future forecasts....not happening yet..but I would think costs would cut into their margins...say a company like GAP...cotton has to hit them hard I would think
Debt ceiling? Today expect a no limit increase rushed thru both houses.
Why is no one discussing the possibility that a market crash will be deflationary as commodities sell off rapidly? Just look at what's been happening in Japan (prior to the quake) despite central bank shenanigans.
iPad 2 is still cheap though.
Not to paint silver linings on radioactive clouds, but one [potential] upside to this Japanese calamity is the recovery of some profit margin. There are very few private-sector projects that have as ass like Kim Kardashian than a sovereign project.
I'm quite positive the official tag line will be "Recovery at Every Price", not that they had any say in the matter.
Margin compression sounds painful, guess there will be more layoffs to make up for the loss.