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

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Mon, 06/27/2011 - 19:42 | 1406957 idea_hamster
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Mon, 06/27/2011 - 20:02 | 1407019 cougar_w
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Ya just gotta love this place.

So few column inches. Yet so much snark.

I weap with tears of wonder.


Mon, 06/27/2011 - 20:12 | 1407062 Cognitive Dissonance
Cognitive Dissonance's picture

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

Mon, 06/27/2011 - 20:27 | 1407125 Arius
Arius's picture

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

don quixote and sancho panzo...

Mon, 06/27/2011 - 20:33 | 1407161 cougar_w
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.

Mon, 06/27/2011 - 20:55 | 1407233 Cheesy Bastard
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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.

Tue, 06/28/2011 - 02:05 | 1408023 Miles Kendig
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.

Mon, 06/27/2011 - 20:24 | 1407135 WarPig
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...

Mon, 06/27/2011 - 21:05 | 1407253 Translational Lift
Translational Lift's picture

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


Mon, 06/27/2011 - 21:28 | 1407303 Cdad
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.

Mon, 06/27/2011 - 21:20 | 1407281 TheMerryPrankster
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.

Mon, 06/27/2011 - 23:17 | 1407714 trav7777
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wth...flooding is how the farmland GOT THERE.  How do you people suppose floodplains are so fertile???

Mon, 06/27/2011 - 22:14 | 1407455 LongBalls
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Hey you. Stop looking around. Look straight ahead unless you are given permission to do otherwise.

Tue, 06/28/2011 - 08:30 | 1408294 White.Star.Line
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.

Tue, 06/28/2011 - 09:44 | 1408502 DosZap
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).

Mon, 06/27/2011 - 20:43 | 1407196 Boop
Boop's picture

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

Mon, 06/27/2011 - 19:42 | 1406965 drom
drom's picture

Short the market or buy gold?

Mon, 06/27/2011 - 19:48 | 1406975 mynhair
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.

Mon, 06/27/2011 - 19:46 | 1406974 Reptil
Reptil's picture

oh dear

Mon, 06/27/2011 - 20:32 | 1407157 Bananamerican
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tis but a flesh wound...

or a SoftPatch™ in the RecoverySummer™

Mon, 06/27/2011 - 21:37 | 1407328 TheMerryPrankster
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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:


Mon, 06/27/2011 - 19:46 | 1406977 buzzsaw99
buzzsaw99's picture

this is bullish.

Mon, 06/27/2011 - 19:52 | 1406993 fonestar
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Mon, 06/27/2011 - 20:19 | 1407100 sagerxx
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There.  Fixed.

Tue, 06/28/2011 - 01:04 | 1407921 HungrySeagull
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NOT worth the Paper.

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

Mon, 06/27/2011 - 19:47 | 1406979 kito
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.  

Mon, 06/27/2011 - 19:53 | 1406996 Caviar Emptor
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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

Mon, 06/27/2011 - 20:14 | 1407094 Spastica Rex
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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.

Mon, 06/27/2011 - 20:19 | 1407099 Spastica Rex
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I SWEAR that was a reply to WineSorbet.

Mon, 06/27/2011 - 20:26 | 1407130 cougar_w
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[Twilight Zone music]

Mon, 06/27/2011 - 20:54 | 1407227 WestVillageIdiot
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. 

Mon, 06/27/2011 - 21:54 | 1407396 kito
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.

Mon, 06/27/2011 - 19:58 | 1407005 WineSorbet
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Another troll on zh. Awesome

Mon, 06/27/2011 - 20:06 | 1407023 mynhair
mynhair's picture

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


Mon, 06/27/2011 - 21:22 | 1407300 krispkritter
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Robo Trader-lite?

Mon, 06/27/2011 - 19:50 | 1406988 Caviar Emptor
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$14 Trillion sure don't buy what it used to......

Mon, 06/27/2011 - 19:54 | 1407006 mynhair
mynhair's picture

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

Mon, 06/27/2011 - 20:04 | 1407025 cougar_w
cougar_w's picture

Thank God. Saved.

Mon, 06/27/2011 - 19:57 | 1407001 Cassandra Syndrome
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I thought manufacturing was obsolete now that we have money printing presses and iPad applications?

Mon, 06/27/2011 - 19:57 | 1407002 azengrcat
azengrcat's picture

Long gubment cheeze.


Mon, 06/27/2011 - 19:55 | 1407010 Cognitive Dissonance
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Is it a (Re)Recession or an (Re)Depression? Enquiring minds want to know.

Mon, 06/27/2011 - 19:56 | 1407014 mynhair
mynhair's picture

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

Mon, 06/27/2011 - 20:01 | 1407031 Cognitive Dissonance
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?

Mon, 06/27/2011 - 20:12 | 1407050 mynhair
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.

Mon, 06/27/2011 - 20:14 | 1407093 cougar_w
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.

Mon, 06/27/2011 - 20:30 | 1407151 Kayman
Kayman's picture

Actually the old math has converged with the new economics. 

The product of two negative measurements is now a positive.

Mon, 06/27/2011 - 21:37 | 1407337 TheMerryPrankster
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But should always be conditioned by using the statement "unexpectedly".

Mon, 06/27/2011 - 21:46 | 1407369 Cognitive Dissonance
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And end with "transitory".

Mon, 06/27/2011 - 21:52 | 1407383 The Fonz
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Well here is the problem! They have been multiplying! This is an addition problem! :P -1 + -1 = -2

Mon, 06/27/2011 - 21:51 | 1407387 The Fonz
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This double post issue is 100% weaksauce. :P

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