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Empire Fed Beats; Spikes To Highest Since May 2012

Submitted by Tyler Durden on 01/15/2014 09:41 -0400

After 5 months of missed expectations, Empire Fed manufacturing beat expectations by the most since Feb 2013, spiking to the highest since May 2012. Most sub-indices were positive but it is perhaps worth noting that despite all this exuberance, over 70% of companies expected no improvement in employment and over 80% expected no improvement in the average workweek. While inflation is nowehere to be seen, it is interesting that the Empire Fed's Prices Paid index spiked this month by the most since March 2012. Hope remains that Capex and Tech Spend will pick up as the outlook index rose by the most in 5 months (though remains historically low).

Charts: Bloomberg

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Wed, 01/15/2014 - 09:44 | 4333729 Cognitive Dissonance

So The Empire strikes back?

<Been there, done that. What have you done for me lately?>

Wed, 01/15/2014 - 10:10 | 4333775 Oh regional Indian

There is no Empire.

There is no State.

There are only Corpses, impersonating fictional persons and collections of fictional persons who enjoy personhood without it's consequences, only it's benefits.

The Emperor in All Bunny is NEKKID!

ori

Wed, 01/15/2014 - 10:14 | 4333785 Headbanger

Talk about "The Empire" for all you tin-foil hat mooks out there:

http://www.nytimes.com/2014/01/15/us/nsa-effort-pries-open-computers-not...

This is a laughable article because it;s so easy to prevent computers from transmitting RF signals by putting them in a metal shielded room!

Duh!

Wed, 01/15/2014 - 09:48 | 4333734 LoneStarHog

"While inflation is nowehere (sic) to be seen..." - Go to the fucking FOOD STORES

Wed, 01/15/2014 - 09:50 | 4333743 Temporalist

Due to the big freeze beef prices will increase; again. But that is easily solved with horse meat -

New horse meat scandal hits Holland

http://www.telegraph.co.uk/news/10571612/New-horse-meat-scandal-hits-Hol...

Wed, 01/15/2014 - 10:20 | 4333798 Sudden Debt

do you know what those people eat?

anything that's fried... I bet they're more chocked by the fact that there is actual meat in their fried meatballs.

Wed, 01/15/2014 - 10:03 | 4333760 GrinandBearit

BULLISH!

Wed, 01/15/2014 - 10:16 | 4333791 caShOnlY

Time to roll out some indexes to warm the MAWKET's heart!!

Wed, 01/15/2014 - 11:01 | 4333898 Space Animatoltipap

Continue tapering? Risky business. Big trouble of big instability just ahead. Via tapering or untapering. It doesn't matter, so called instability people don't like. Specifically these modern day spoiled arrogant pussies with their nice income don't like it.

Wed, 01/15/2014 - 11:02 | 4333902 asteroids

Weird report. Just the raw data and the methdology please. I suspect someone is making something up again.

Empire Fed Beats; Spikes To Highest Since May 2012

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