This page has been archived and commenting is disabled.

New Winter Storm Provides February's First Weak Economic Data Excuse

Tyler Durden's picture





 

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.

 

Via Bloomberg,

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.

 

...

 

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.

 

...

 

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.

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 02/03/2014 - 09:44 | Link to Comment new game
new game's picture

b.s.

 

b bush

s snow

Mon, 02/03/2014 - 09:50 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

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?

Mon, 02/03/2014 - 09:56 | Link to Comment mickeyman
mickeyman's picture

It's also because of the Superbowl blowout.

Mon, 02/03/2014 - 10:38 | Link to Comment SamAdams
SamAdams's picture

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. 

Mon, 02/03/2014 - 12:29 | Link to Comment johnQpublic
johnQpublic's picture

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?

Mon, 02/03/2014 - 09:52 | Link to Comment Headbanger
Headbanger's picture

Tylers, did you just say GREEK goddess!?

Might not be any irony to it after all!

Mon, 02/03/2014 - 09:53 | Link to Comment Sudden Debt
Sudden Debt's picture

yeah... the kind of which the aftereffects are in the "not expected" category

Mon, 02/03/2014 - 10:18 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

You mean Nike. Nika is a seamstress that lives accross the street 

Mon, 02/03/2014 - 10:45 | Link to Comment Panem et Circus
Panem et Circus's picture

Ohhhh so THATS why nobody is at work today!

Mon, 02/03/2014 - 09:45 | Link to Comment TideFighter
TideFighter's picture

"Winter Storm Nika"

 

They started naming storms to point blame...

Mon, 02/03/2014 - 09:53 | Link to Comment Global Hunter
Global Hunter's picture

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 :)

Mon, 02/03/2014 - 10:02 | Link to Comment eclectic syncretist
eclectic syncretist's picture

It's not even a storm, it's just a typical winter cold front.

Mon, 02/03/2014 - 10:26 | Link to Comment duo
duo's picture

It's not a Weather Service thing, just marketing crap pushed by NBC/Universal and their pseudo weather subsidiary, the Weather Channel.

 

Mon, 02/03/2014 - 10:49 | Link to Comment Panem et Circus
Panem et Circus's picture

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".

Mon, 02/03/2014 - 10:54 | Link to Comment kridkrid
kridkrid's picture

Makes sense. Gotta link to anything written about the topic?

Mon, 02/03/2014 - 11:13 | Link to Comment StarfishPrime
StarfishPrime's picture

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.

Mon, 02/03/2014 - 11:16 | Link to Comment Panem et Circus
Panem et Circus's picture

That was verbatim from my insurance broker when I was pricing out a policy for a new commercial building.

Mon, 02/03/2014 - 10:53 | Link to Comment WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

Now its Polar Vortex, in the old days it use to be Polaroids.

Mon, 02/03/2014 - 09:51 | Link to Comment toady
toady's picture

I really dislike this whole naming thing...

How long before they're selling naming rights?

Mon, 02/03/2014 - 09:56 | Link to Comment Global Hunter
Global Hunter's picture

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

Mon, 02/03/2014 - 10:25 | Link to Comment eduard khil
eduard khil's picture

Maybe they will start giving names to down days in the market

Mon, 02/03/2014 - 10:29 | Link to Comment Colonel Klink
Colonel Klink's picture

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.

Mon, 02/03/2014 - 14:11 | Link to Comment thethirdcoast
Mon, 02/03/2014 - 14:38 | Link to Comment Exponere Mendaces
Exponere Mendaces's picture

Today's weather brought to you by:

Pepsi Polar Vortex - Feel the Cold

 

Mon, 02/03/2014 - 09:54 | Link to Comment Sudden Debt
Sudden Debt's picture

and that's also why they call you YOU!

Mon, 02/03/2014 - 10:02 | Link to Comment krispkritter
krispkritter's picture

I'll start paying attention when they name the current economic shit-storm we're in, 'Obama'.  Until then, blow me...

Mon, 02/03/2014 - 10:11 | Link to Comment kralizec
kralizec's picture

Let the blowing commence!

Mon, 02/03/2014 - 10:16 | Link to Comment krispkritter
krispkritter's picture

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.

Mon, 02/03/2014 - 10:35 | Link to Comment kralizec
kralizec's picture

I think I might like that idea!

Mon, 02/03/2014 - 09:46 | Link to Comment CaptainSpaulding
Mon, 02/03/2014 - 09:48 | Link to Comment Element
Element's picture

The harsh winter weather is not going away in the US 7-day forecast model either.

Mon, 02/03/2014 - 09:58 | Link to Comment kridkrid
kridkrid's picture

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!

Mon, 02/03/2014 - 10:10 | Link to Comment pods
pods's picture

Shoulda named the storm Christie.

:)

pods

Mon, 02/03/2014 - 09:51 | Link to Comment pods
pods's picture

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

Mon, 02/03/2014 - 09:58 | Link to Comment BoNeSxxx
BoNeSxxx's picture

Yesterday: Bread and Circuses

Today: EBT Cards and 'Breaking News on CNN'

Mon, 02/03/2014 - 10:01 | Link to Comment Global Hunter
Global Hunter's picture

No doubt one October day somebody will be screaming that the leaves are turning colour and falling off the trees.  Bubonic leaf plague ricky

Mon, 02/03/2014 - 10:19 | Link to Comment BandGap
BandGap's picture

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?

Mon, 02/03/2014 - 09:50 | Link to Comment Smegley Wanxalot
Smegley Wanxalot's picture

Because cold storms in winter are so unexpected.

Mon, 02/03/2014 - 09:55 | Link to Comment Winston Churchill
Winston Churchill's picture

Well they certainly catch everyone by surprise every single year.

What was that about not learning from history again.

Mon, 02/03/2014 - 10:01 | Link to Comment Element
Element's picture

 

 

" ... 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

Mon, 02/03/2014 - 09:56 | Link to Comment 101 years and c...
101 years and counting's picture

apparently, seasonal adjustments dont factor in seasonal weather?

Mon, 02/03/2014 - 15:49 | Link to Comment SDShack
SDShack's picture

The cold is due to global warming becuause climate zealots stuck in ships in Summer Antarctic Sea Ice said so.

Mon, 02/03/2014 - 09:50 | Link to Comment youngman
youngman's picture

Its going to be winter for a couple more months.....I heard that somewhere

Mon, 02/03/2014 - 10:14 | Link to Comment kralizec
kralizec's picture

Couldn't have been a MFM outlet...

Mon, 02/03/2014 - 10:24 | Link to Comment kaiserhoff
kaiserhoff's picture

The Wookie saw her shadow?

Mon, 02/03/2014 - 09:51 | Link to Comment ABG LINE
ABG LINE's picture

It's all about the CHEMTRAILS.

Mon, 02/03/2014 - 09:53 | Link to Comment NoDebt
NoDebt's picture

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."

Mon, 02/03/2014 - 09:59 | Link to Comment J S Bach
J S Bach's picture

Brrrrrrr Nika - Hmmmm... sounds a little like Bernanke.

Mon, 02/03/2014 - 10:02 | Link to Comment aleph0
aleph0's picture

 

 

.... 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.

 

 

 

Mon, 02/03/2014 - 11:07 | Link to Comment toady
toady's picture

Mikkos Cassadine's weather machine in Port Charles?

Mon, 02/03/2014 - 10:06 | Link to Comment MFLTucson
MFLTucson's picture

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.

Mon, 02/03/2014 - 10:07 | Link to Comment krispkritter
krispkritter's picture

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.  

Mon, 02/03/2014 - 10:14 | Link to Comment kralizec
kralizec's picture

Somehow that made sense.

Mon, 02/03/2014 - 10:18 | Link to Comment Bryan
Bryan's picture

Man, if it wasn't for all this weather going on, we'd all be rich and powerful.

Mon, 02/03/2014 - 10:23 | Link to Comment viator
viator's picture

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.

Mon, 02/03/2014 - 10:26 | Link to Comment thismarketisrigged
thismarketisrigged's picture

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.

Mon, 02/03/2014 - 11:14 | Link to Comment toady
toady's picture

April showers bring May flowers.

Mon, 02/03/2014 - 10:26 | Link to Comment tnquake
tnquake's picture

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!

Mon, 02/03/2014 - 10:43 | Link to Comment mijev
mijev's picture

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.

Mon, 02/03/2014 - 10:46 | Link to Comment Debt Slave
Debt Slave's picture

I was going to buy a Maserati today but because of this storm, I have changed my mind.

Mon, 02/03/2014 - 10:49 | Link to Comment adr
adr's picture

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.

Mon, 02/03/2014 - 10:52 | Link to Comment Debt Slave
Debt Slave's picture

Maserati, hell. I don't even qualify for an Obamaphone.

Mon, 02/03/2014 - 10:45 | Link to Comment adr
adr's picture

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.

Mon, 02/03/2014 - 10:54 | Link to Comment Spungo
Spungo's picture

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.

Mon, 02/03/2014 - 10:56 | Link to Comment Rising Sun
Rising Sun's picture

I read that the fucking cunt Yellen has a hangnail - that must be good for a few downticks, right KRUGMAN?????

Do NOT follow this link or you will be banned from the site!