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New Winter Storm Provides February's First Weak Economic Data Excuse
Winter storm warnings and advisories stretched from Utah to Pennsylvania this morning. As Bloomberg reports, hundreds of flights across the US are being canceled as the threat of snow, ice, and sleet (and up to 8 inches of snow in New York City) "impact the morning commute." The storm will move across the central U.S., bringing showers and thunderstorms to the Central Gulf Coast tomorrow morning and expanding northward into the Tennessee Valley by Tuesday evening, the weather service said. In other words, we have our first good excuse for a crimped consumer not spending once again in February - the weather.
Ironically, this fresh winter storm - Nika - is named for the Greek Goddess of Victory.
Hundreds of flights across the U.S. are being canceled as a winter storm threatens to drop snow, ice and sleet from Utah to Pennsylvania, including as much as 8 inches (20 centimeters) in New York City.
Light snow began falling in New York before 5 a.m. local time. The storm will have its greatest impact through mid-day, almost certainly tying up flights and making it hard for people to reach work, Bill Goodman, a National Weather Service meteorologist in Upton, New York said yesterday.
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Winter storm warnings and advisories stretched from Utah to Pennsylvania this morning. The storm was also expected to drop as much as 8 inches on Ohio. As much as two inches an hour of snow may fall in New Jersey after 8 a.m., the Weather Service said.
Washington may get as much as 8 inches after 4 p.m., and Boston less than 0.5 inch as the storm focuses more on the corridor from Philadelphia to New York.
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The storm will move across the central U.S., bringing showers and thunderstorms to the Central Gulf Coast tomorrow morning and expanding northward into the Tennessee Valley by Tuesday evening, the weather service said.
Stock bulls can only hope this negative (or USDJPY 102) does not impact what is perhaps the best day of the year for equities. The last time we had a decline of more than 0.1% on this day was back in 2002.
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b.s.
b bush
s snow
our first good excuse for a crimped consumer not spending once again in February - the weather.
Turns out people with 29.5 hour/week jobs because of Obamacare don't like to go out into the cold to spend money they don't have......who knew?
It's also because of the Superbowl blowout.
It's 4F this morning, with ice and snow. Somehow, the people still came to work. The lights are on, the machines are running. Got orders to fill which will be sent to regions as remote as the North Sea.
boomerang effect of weather modification for the big game
wonder if the game woulda been better if they had jut let it be the coldest superbowl on record
what a difference a day makes, huh?
Tylers, did you just say GREEK goddess!?
Might not be any irony to it after all!
yeah... the kind of which the aftereffects are in the "not expected" category
You mean Nike. Nika is a seamstress that lives accross the street
Ohhhh so THATS why nobody is at work today!
"Winter Storm Nika"
They started naming storms to point blame...
I was just about to post that question, when did they start naming winter snowfalls? The term "polar vortex" still makes me chuckle, they're naming snowfalls and they use hip modern scientifically sounding terms (in the same way US drug makers name their new drugs) like polar vortex makes me wonder if its not the media running things and the Federal Reserve and the banks are its wing man :)
It's not even a storm, it's just a typical winter cold front.
It's not a Weather Service thing, just marketing crap pushed by NBC/Universal and their pseudo weather subsidiary, the Weather Channel.
Well, it's also more bs Fascism. Most insurance policies have carve outs where you are not actually covered for "Named Storm Events." So if the National Weather Service names a storm, nobody has to pay for damages. That's why everything thats even remotely a storm gets a name now, when they used to be just "Nor'Easter".
Makes sense. Gotta link to anything written about the topic?
The National Weather Service has not and will not name any winter storms. This is mostly a marketing thing by The Weather Channel - http://www.weather.com/news/why-we-name-winter-storms-20121001.
That was verbatim from my insurance broker when I was pricing out a policy for a new commercial building.
Now its Polar Vortex, in the old days it use to be Polaroids.
I really dislike this whole naming thing...
How long before they're selling naming rights?
with the negative association people have with cold weather and blizzards they could nominate a competitor's name. GM could pay to name the storm winter storm ford. Somehow GS and JPM find a way to securitize the storm naming market and a new derivative market emerges
Maybe they will start giving names to down days in the market
Naming every storm, like huricanes is one of the gheyest things I've seen. How fucking stupid! More entertainment for the sheep. Don't get me started on the term "polar vortex". More hype BULLSHIT.
Already happened a year ago friend:
http://www.businessweek.com/europe/ill-wind-blows-for-bmw-on-storm-promo...
Today's weather brought to you by:
Pepsi Polar Vortex - Feel the Cold
and that's also why they call you YOU!
I'll start paying attention when they name the current economic shit-storm we're in, 'Obama'. Until then, blow me...
Let the blowing commence!
PS. Start naming any storm that blows, after a politician, maybe that will wake some sheeple up by having them relate their current shitty situation to someone who helped put them in that environment.
I think I might like that idea!
I am Jim Cantore and i approve this message
http://2.bp.blogspot.com/_i4DDjPc62mw/RmZAbEUxrYI/AAAAAAAAAXY/UFUbrCH1J1...
The harsh winter weather is not going away in the US 7-day forecast model either.
Sooooo... it doesn't snow for the Super Bowl, but starts the day after, stranding visitors in NYC forcing them to spend even more money in the NY/NJ area. I KNEW IT!
Shoulda named the storm Christie.
:)
pods
Shark jumping at its finest. What next? Naming any and all low pressure systems?
Cold front Bob is expected to drop temps by 20 degrees, leading to many to have to turn their heat on.
pods
Yesterday: Bread and Circuses
Today: EBT Cards and 'Breaking News on CNN'
No doubt one October day somebody will be screaming that the leaves are turning colour and falling off the trees. Bubonic leaf plague ricky
Having lived most of my life in Michigan, including the Upper Peninsula, I really have to wonder how people survived (much less prospered) during the winters 77-79 and 96-98.
It's not like the Scananavian countries don't deal with this type of whether and still mange to get things done. This whole line of bullshit doesn't pass the smell test. Of greater concern is how this crap is spewed per govenrment edict and the sheep just nod their stupid fucking heads.
Should there be a correlation betwwen shit weather and the stock market then? Perhaps a lagging model to fit the Dow after periods of "bad" weather?
Because cold storms in winter are so unexpected.
Well they certainly catch everyone by surprise every single year.
What was that about not learning from history again.
" ... Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so. ..." - Douglas Adams
apparently, seasonal adjustments dont factor in seasonal weather?
The cold is due to global warming becuause climate zealots stuck in ships in Summer Antarctic Sea Ice said so.
Its going to be winter for a couple more months.....I heard that somewhere
Couldn't have been a MFM outlet...
The Wookie saw her shadow?
It's all about the CHEMTRAILS.
Philly area reporting in.... yep, more snow. Snow plows have already knocked my mailbox off the post twice this year, so bullish for new mailboxes come the spring. Lots of people have had problems with "ice damming" with their gutters (a known phenomenon that causes water to back up under the shingles several feet up from the roof from the gutters).... so, we're probably in for a bigger than usual bump in home repair work this spring, too.
Somewhere Paul Krugman is smiling, nodding, and saying what he always says: "I told you so."
Brrrrrrr Nika - Hmmmm... sounds a little like Bernanke.
.... now we just need the CNBS ANALysts to present their T/A charts based on the weather trends.
Bullshitter Bands
Receding Weather Wedges
50 day Low Pressure Averages
... etc. etc.
The only problem being ... we already know they manipulate the weather .... as well.
Mikkos Cassadine's weather machine in Port Charles?
Consumer spending was very week before the storms. This game of excuses will not stop a tend that started because of higher insurance premiums, no jobs and higher taxes. Seems like the only growth in the US is in the department of excuses and it is for everthing this Kenyan clown has put him hands on. Listening the the interview with Bill O'Rielly yesterday said it all. His problems are the result of Fox news, not his lies, his incompetence or ignorance.
Whether it was the weather or whether it wasn't the weather, it's whether we can weather the weather that determines whether the weather is weatherable.
Somehow that made sense.
Man, if it wasn't for all this weather going on, we'd all be rich and powerful.
Declare a snow day that lasts from December 1 to March 1. Government can't seem to clear the snow from the roads or deal with the ice. It's too cold for the children to go out. North Face isn't as effective as all those old wool shirts and dresses. It never snowed in the nineteenth and twentieth centuries. Good thing they changed the name to climate change.
fuck this weather here in ny.
if not for the fucking weather, the employment report this upcoming friday would have been amazing, as would the jobless claims, as would the ism today, housing data, and everything.
whats worse, there are 3 storms this week in the northeast, so now not only will febs jobs numbers be effected, but as will march and april and so on,
lets just hope come spring we dont get any rain storms because then may and junes numbers will be fucked up as well.
if only we didnt fucking have weather things would be great, such a bummer.
also, wed twitter reports, i am sure they will have no revenue not because they r shit, but because the fucking snow storm today.
April showers bring May flowers.
Grocery stores around here were busy selling out the 3 basic food groups during a storm... bread, milk, and beer. Oh yeah, and anything you can slide on when the snow hits!
The reason they've started naming snowfalls is because of pressure from the ipcc. It allows them to claim the number of named storms is increasing each year due to ahem global warming. And 95% of scientists who have degrees in journalism go along with it.
I was going to buy a Maserati today but because of this storm, I have changed my mind.
Unless you are black you don't get a Maserati. See the black people suffered working in factories and other hard labor and all deserve Maseraties as reperations.
That is what I got from that insane commercial.
Maserati, hell. I don't even qualify for an Obamaphone.
There weren't enough hurricanes so they started naming thunderstorms jusf so they could make tke claim that there were xx storms to support the climate change agenda.
Now they are trying to make it seems that any weather is somehow abnormal and caused by climate change. I'm beginning to think that all this sensationalism about normal weather is so that people begin to think it is abnormal and beg the government to do something about it. Then Obama gets his climate change agenda passed amd Wall Street gets its billions they were supposed to have already made.
This winter has been very cold, but hasn't dropped a lot of snow. The weather channel and this naming bullshit makes it seem like we are being buried under snow. I think NBC decided to use the movie The Day After Tomorrow as a script for weather forecasting.
When do we get the snow hurricane in the middle of the country with the superfreeze vortex?
Climate Change isn't about the environment outside, it's about the environment inside a trading pit. Another way for The Tribe to become middle men and force everyone to pay them money for something that needs no work from them to produce. Like a troll sitting under a bridge.
February is somehow colder than July. Economists are completely baffled. Tonight's CNBC guest to explain this is a 5 year old kid who likes turtles.
I read that the fucking cunt Yellen has a hangnail - that must be good for a few downticks, right KRUGMAN?????