Welcome To The Recession: Manufacturing Surveys Imply US Economy Has Entered The Second Month Of A (Re)Recession

Tyler Durden's picture

There may be those among the less than brainwashed lemmingerati out there who have noticed what, as we have pointed out for the past month when reporting on the various manufacturing and regional Fed indices, has been an epic collapse in the appropriate data series. As John Lohman so kindly demonstrates, the two month implosion has been beyond epic, and while certainly the biggest drop in the past decade, may also be the all time worst ever. To the point of this post: the last time we had an economic contraction of this magnitude was back in February of 2008, which was two months into the most acute recession in post-depression history. We are confident that once the groupthink wraps its head around the fact that the auto production based renaissance is not coming, and the economy officially tumbles into the commode of Ben Bernanke's fiat dungeon, the NBER will determine (with an appropriate 12-18 month delay), that the current recession started in April of 2011.

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idea_hamster's picture



cougar_w's picture

Ya just gotta love this place.

So few column inches. Yet so much snark.

I weap with tears of wonder.


Cognitive Dissonance's picture

Please don't eat the snark. And please keep you fingers and toes away from the cougar's mouth.

Arius's picture

illuminati and lemmingerati...they always go together kind of complete each-other...as...

don quixote and sancho panzo...

cougar_w's picture

If I could snark like that I wouldn't need this stinking day job.

Some bastards get all the luck.

But Chapter One is shaping up, even if its snark be low. Coming soon to a black den of mad science near you.

Cheesy Bastard's picture

You are one snarky bastard, coug, but even Money Mcbags had to go back to his day job.  I'll see what I can do about those other bastards that are hogging up all the luck, though, if it makes you feel better.

Miles Kendig's picture

You do snark like that cougar.  Just make sure you don't hold back in that first chapter.  Quality always trumps quantity.

WarPig's picture

I hate to go off topic, but is Zero Hedge aware of the wildfire within a mile of Los Alamos Nuclear Lab in New Mexico?  Junk me if you must, but this situation trumps the dying economy for now... http://www.oilfreefun.com/2011/06/los-alamos-nuke-lab-wildfire-here-we-g...

Translational Lift's picture

Cha....and the Nuke plant in Nebraska is under water......but just go on about your business.....no problem.....


Cdad's picture

"We don't believe the plant is posing an immediate threat to the health and safety of the public," Nuclear Regulatory Commission Chairman Gregory Jaczko said.

There.  Alll better.

TheMerryPrankster's picture

The irony of the national nuclear laboratory being damaged  by a wildfire is quite wry. Perhaps mother nature is trying to get even for all the burning she has endured from nuclear testing.

These are strange times indeed.

In a nation suffering from between 10 to 20% unemployment (you pick your source, you pick your number) and having seen the damage extreme flooding can do to our farmlands, and shipping on the major rivers, it seems like a no brainer that some bright bulb at the Army Corp of engineer could develop a scheme to build a system of aquaducts to bring the flood waters to the parched deserts and lands of Texas, New Mexico and Arizona.

It makes more sense then dumping it into the ocean or flooding the fields. Might even put a few folks back to work for a while.

Note to Los Alamos - next time build a moat around your property - borrow water from flooded midwest for future demand.

trav7777's picture

wth...flooding is how the farmland GOT THERE.  How do you people suppose floodplains are so fertile???

LongBalls's picture

Hey you. Stop looking around. Look straight ahead unless you are given permission to do otherwise.

White.Star.Line's picture

There was a report of 30,000 barrels of spent PLU awaiting transport to a more permanent storage facility.
DId not make it out.

DosZap's picture

God help us all if this crap leaks out and gets into the flood waters.

Japan will be a picnic compared to the damage this would cause.

On the Los Alamos wildfire........Er'.........seems like the folks at the NRC would have had enough SENSE to build a firewall well away from the reactor when built.

Of course that would be , and require forethought.

.Gub folks must  collectively be mostly idiots.

Lots of foreplay,but no  foresight.(Hell it's JUST a Nuclear Reactor/facility in the middle of Burn America (like every year).

Boop's picture

I particularly like: ...and the economy officially tumbles into the commode of Ben Bernanke's fiat dungeon...

drom's picture

Short the market or buy gold?

mynhair's picture

Go long market and short gold.  This is very bullish in this bullshit environment.

Plus, it's EOQ.  Gotta keep the bathrobe brigade happy.

Bananamerican's picture

tis but a flesh wound...

or a SoftPatch™ in the RecoverySummer™

TheMerryPrankster's picture

Green(span)Shoots to Infinity and Beyond!!

In a fiat economy, all you really have is hyperbole. Fort Knox is filled with vaults brimming to the top with hyperbole, and little Benny Bernankenfurter has a solid gold theasaurus on his desk in a glass bell jar, to be broken into and used only in case of emergency.

The dust spores settle on the glass daily as Benny uses his quick English to FedSpeak dictionary to muster yet more powerful hyperbole to cast a spell and send this diabolical Depression back to the vaults of the tbtf banks where it originated.

His wand is limp and his magic is lacking and even Mrs Bernankenfurter has begun to notice.


learn the steps yourself, now you can do it at home:


buzzsaw99's picture

this is bullish.

sagerxx's picture


There.  Fixed.

HungrySeagull's picture

NOT worth the Paper.

Fireworks on july 4th and the burning paper gold/silver pyres on the 15th.

kito's picture

as long as stocks hold at this level, despite the aforementioned crappy economic news, it will be qe lite for the foreseeable future with no expansion of the fed balance sheet.  

Caviar Emptor's picture

The stock market (so-called, or what's left after dark pools) at this juncture is merely a proxy for the health and wealth of the TBTF. If they get in trouble, market will drop like a WTC tower

Spastica Rex's picture

I don't think Kito's a troll; of course I could be wrong. I think he's here to demonstrate to himself that economic doomers are ill-informed and mis-directed.

Spastica Rex's picture

I SWEAR that was a reply to WineSorbet.

WestVillageIdiot's picture

I remember the bragging of 2007 that turned into shear fucking terror in 2008.  Beware driving via the rearview mirror.  Your ass can easily wind up in the glove box. 

kito's picture

Yes spas, its my psychological hedge against the vast holdings of gold i have accumulated from the toll doomers pay to cross my bridge.

WineSorbet's picture

Another troll on zh. Awesome

mynhair's picture

I'm inclined to say:  piss off!  Sorbet, christ, another Frenchie.


Caviar Emptor's picture


$14 Trillion sure don't buy what it used to......

mynhair's picture

Still gets you 1.75 trillion burritos....at CMG.

Cassandra Syndrome's picture

I thought manufacturing was obsolete now that we have money printing presses and iPad applications?

azengrcat's picture

Long gubment cheeze.


Cognitive Dissonance's picture

Is it a (Re)Recession or an (Re)Depression? Enquiring minds want to know.

mynhair's picture

It's simply a (Re)Re...possession.

Cognitive Dissonance's picture

How many (Re)Recessions were there in the first Great Depression? And how many will there be in the current Great Depression?

mynhair's picture

Dam trick questions...let's see.  Been repressed since 1913, so we are still in the same one.

Hope the prize isn't a date with RT.

cougar_w's picture

You have to use new new math to solve these word question things.

The new new math contains nothing but positive numbers. You have to add random numbers of zeros behind every whole number before you add them. And you have to ignore any values that fall of the end of the 99 week carry over.

See, I'm taking night school. Imma get myself edumacated.

Kayman's picture

Actually the old math has converged with the new economics. 

The product of two negative measurements is now a positive.

TheMerryPrankster's picture

But should always be conditioned by using the statement "unexpectedly".

The Fonz's picture

Well here is the problem! They have been multiplying! This is an addition problem! :P -1 + -1 = -2

The Fonz's picture

This double post issue is 100% weaksauce. :P