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Empire Manufaturing Index Rises As Margin Pressure Increases
The Empire Manufacturing Index screamed higher to 12.1, much higher than the estimate of 3, yet the simple reason for this was margin pressure increased. As the chart below demonstrates The Prices Paid - Prices Received delta increased yet again, this time hitting 26.60, indicating manufacturers are losing on margin, which will impact the bottom line. And the future does not look much better: Prices Paid is expected to increase to +31.91 and Received to pick up to +5.32, meaning the margin pressure is here to stay.
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Talf extension - i am shocked.....
beat me to it lizzy! can't wait to see what other guns are pulled out today!
Probably close up $.50 today. I cannot figure this one out for the life of me.
His message was being spread and gaining even more support...therefore he needed to be censored. Until we have guys like Black back as regulators nothing will change. We just
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
Thank you for clearing that up TD... is there a reason that CNBC and Bloomberg can't mix information like that in with their 'happy news'.
by the way, we don't manfacture much in NY anymore LOL!! unless you count synthetic financial products, political bullshit, and cow manure upstate.
lol
All guns will be out to reverse the market decline.
Look at that chart. Straight down stuka dive. Some form of technical correction should ocurr before it continues down
The similarity to Oct 1929 is daunting. Marginal buyers are gone and all the longs had relevered. I don't doubt that they will try to pump this one, but if they can't they will run to cover their own skins. Remember GS, MS, JPM, STT all are long millions of SPY contracts (and that pesky GS VAR number).
Meanwhile FDIC will have to ask to tap its Treasury reserve this week, while Sweden, UK, Mexico, and Spain continue to teether on the brink of bankruptcy which will make fiscal stimulus even harder (remember that unfortunate concept of "crowding-out" in your econ 101 textbook?)
Let us wait and see, but if they can't turn it around margin calls will start coming in at the end of the day.
Let the MC's fly...I'm tired of walking in bullsh*t.
Steady stream of men and women in dark suits leaving 33 Liberty St and heading to 11 Wall St carrying suitcases haphazardly stuffed with U.S. currency (large denomination bills).
no more better than expected earnings.
"All guns will be out to reverse the market decline"
Nope. Now we need to engineer a Treasury Rally and Goldman is probably short up to their eyeballs.
morning bounce occured at 23.6% fib level of july - august rally (982). geeks are watching.
next levels are 961 & 943 if its going to just be a quick "correction" before re-rallying.
Anyone in a suit invited onto CNBC
http://www.theonion.com/content/news_briefs/cnbc_anyone_who_owns_a_suit?...
Via The Onion
Funny... thanks for sharing...
five eight-eight, two three hundred.........
Gold has a lot more followers so it probably won't drop as much as silver but silver, oil, etc. are all going down.
His message was being spread and gaining even more support...therefore he needed to be censored. Until we have guys like Black back as regulators nothing will change. We just
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions