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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.

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Mon, 02/03/2014 - 09:44 | 4395390 new game
new game's picture



b bush

s snow

Mon, 02/03/2014 - 09:50 | 4395399 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 | 4395421 mickeyman
mickeyman's picture

It's also because of the Superbowl blowout.

Mon, 02/03/2014 - 10:38 | 4395539 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 | 4395936 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 | 4395401 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 | 4395410 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 | 4395466 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 | 4395563 Panem et Circus
Panem et Circus's picture

Ohhhh so THATS why nobody is at work today!

Mon, 02/03/2014 - 09:45 | 4395391 TideFighter
TideFighter's picture

"Winter Storm Nika"


They started naming storms to point blame...

Mon, 02/03/2014 - 09:53 | 4395405 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 | 4395436 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 | 4395499 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 | 4395572 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 | 4395589 kridkrid
kridkrid's picture

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

Mon, 02/03/2014 - 11:13 | 4395647 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 | 4395667 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 | 4395583 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

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

Mon, 02/03/2014 - 09:51 | 4395406 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 | 4395420 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 | 4395491 eduard khil
eduard khil's picture

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

Mon, 02/03/2014 - 10:29 | 4395506 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 | 4396285 thethirdcoast
Mon, 02/03/2014 - 14:38 | 4396400 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 | 4395419 Sudden Debt
Sudden Debt's picture

and that's also why they call you YOU!

Mon, 02/03/2014 - 10:02 | 4395438 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 | 4395452 kralizec
kralizec's picture

Let the blowing commence!

Mon, 02/03/2014 - 10:16 | 4395465 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 | 4395519 kralizec
kralizec's picture

I think I might like that idea!

Mon, 02/03/2014 - 09:46 | 4395396 CaptainSpaulding
Mon, 02/03/2014 - 09:48 | 4395398 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 | 4395426 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 | 4395446 pods
pods's picture

Shoulda named the storm Christie.



Mon, 02/03/2014 - 09:51 | 4395404 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.


Mon, 02/03/2014 - 09:58 | 4395427 BoNeSxxx
BoNeSxxx's picture

Yesterday: Bread and Circuses

Today: EBT Cards and 'Breaking News on CNN'

Mon, 02/03/2014 - 10:01 | 4395429 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 | 4395477 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 | 4395407 Smegley Wanxalot
Smegley Wanxalot's picture

Because cold storms in winter are so unexpected.

Mon, 02/03/2014 - 09:55 | 4395417 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 | 4395433 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 | 4395423 101 years and c...
101 years and counting's picture

apparently, seasonal adjustments dont factor in seasonal weather?

Mon, 02/03/2014 - 15:49 | 4396815 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 | 4395408 youngman
youngman's picture

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

Mon, 02/03/2014 - 10:14 | 4395457 kralizec
kralizec's picture

Couldn't have been a MFM outlet...

Mon, 02/03/2014 - 10:24 | 4395493 kaiserhoff
kaiserhoff's picture

The Wookie saw her shadow?

Mon, 02/03/2014 - 09:51 | 4395409 ABG LINE
ABG LINE's picture

It's all about the CHEMTRAILS.

Mon, 02/03/2014 - 09:53 | 4395413 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 | 4395425 J S Bach
J S Bach's picture

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

Mon, 02/03/2014 - 10:02 | 4395430 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 | 4395627 toady
toady's picture

Mikkos Cassadine's weather machine in Port Charles?

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