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Factory Orders Drop Most In 5 Months, Inventories Rise Fastest Since June
Factory Orders dropped 1.5% in December - their biggest fall since July - but modestly beat weak expectations. This drop despite the fact that inventories of manufactured durable goods in December, up eight of the last nine months, increased $3.2 billion or 0.8 percent to $387.9 billion to the highest level since the series was first published. This is the fastest year-over-year inventory build in 6 months - and fastest month-over-month build in 15 months.
- *U.S. DEC. DURABLES ORDERS DROP 4.2%; NON-DURABLES RISE 1.1%
- *DECEMBER FACTORY INVENTORY-TO-SALES RATIO RISES TO 1.29 MONTHS
Biggest drop in factory orders in 5 months...
as Inventories surge to new record high and at the fastest pace in 6 months...
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Long China.
inventorys up means more ipads i can buy right?
soon yeah... they're printing the new stickers with "iPad Infinite" and sell them for 100$ more
I think they are stocking up on Geritol and Depends - the 2 things the nation will need most in the upcoming collapse.
"If you want to keep your inventory, you can keep your inventory."
Horse manure.
CHina depends on our consumer. He's tapped out and beginning to get scared.
Me, too.
speaking of funny inventory's - Treasury came out w/ a story today cutting the projected deficit to $514 B for budget year 2014...but funny, according to Treasury "debt to Penny" report, US has already created $550 B in new debt in this budget year since Oct 1, 13. Total new debt in this budget year will almost surely be over $1 T. Amazing the games Treasury plays but regardless, the new debt issued still shows up on the reports.
Long China? Who is going to buy all that cheap toxic disposable shit they produce if the USA and West collapses?
I asked my poor old mother if there was any hope. She hit me in the face with a can of tuna fish she had just gotten from the food bank. Times are tough.
Has anyone here at the hedge linked California’s drought to the recent drops in the markets? Will the lack of water in that area possibly be raising the prices of basic necessities like food not only locally, but nationally and possibly even globally? Can other parts of the CA and NV economy be expected to suffer? Will any economic dislocations help to expose weakness in the official paradigm of growth as somehow and always being a guarantee?
Again, another example of mother nature batting last.
It’s really bad over here. Our largest reservoir, Shasta lake, is down to 33% and its WINTER with little to no snow pack. normally this time of year there letting water go because its to full. You can now see old bridges that have been under water for 70+ years. When spring hits, you can say good bye to that 33%
Same story in Oregon...20% of normal snowpack in Cascades...gets a little better in WA but still below average...only positive for us is British Columbia has plenty of water that will come down the Columbia.
ouch.
No hard feelings ... but ... I've been buying non-west coast for a while. Sea food. Veges. Ya'll are a little too close to Japan for my liking.
all those on the east coast are pepperd with nuke plants, when the SHTF and the power goes out, the east coast will start to gain a greenish tint to it after the cascading melt downs..
we're all fucked
The drought will be blamed for this summers poor performance. Its winter. Let's blame the cold. Don't want to confuse them mall shopping folks now do we.
Drought will be blamed on winter...
Everything else is..
If they keep this up they will be selling 2013 crap in 2016.
na. it'll be marked down 70-80% come november.
People still won't be able to afford it.
Exactly. Already had that happen at TSC. In the fall they usually discount summer products but the manager informed me that there was not going to be further discounts and shelving items till spring and attempt to resale again.
valley chick- Embrace the 'click once to post' ZH rule.
Apologies dog. Only can access the website with a piece of shit lenovo which keeps locking up and why I am seldom posting.
Exactly. Already had that happen at TSC. In the fall they usually discount summer products but the manager informed me that there was not going to be further discounts and shelving items till spring and attempt to resale again.
Dup
no need for graphs or to much text.
Just change the title to:
Factory Orders Snowed inActually, normalizing the trend line shows Factory Orders slowly decreasing since about Sep 2012. That's a long winter. Heckuva Job Bernake!
No peak...
Congress better appropriate some new funds to start buying up all this inventory or Lucy is about to lose the battle with the chocolate factory's conveyor belt.
Thanks for the great imagery! Good times
https://www.youtube.com/watch?v=8NPzLBSBzPI&noredirect=1
:D
Why appropriate funds, when the SCOTUS says they can simply mandate that people must buy! buy!! buy!!! any shit they command?
It must be good to be king ... even when you're a flaming fucking queen like obama.
They'll need an IRA for the surplus inventory, esp cars.
Sell... no... SHORT gold.... the economy is tanking and protection of wealth is clearly pointless. BUY STAWKS! If this doesn't make sense to you, congratulations, you have failed your Economics course.
Bullish for pink slip printers.
OK we're now stocked to the rafters with shit for connedsumers to 'spend freely' on....so get busy bankrupt connedsumer and BUY!
Must.....Save....the Banksters....
This is fucking hilarious!
http://www.businessinsider.com/ben-bernanke-baseball-card-2014-1
Or not.
This reminds me of the new mega-convenience stores 'Kum and Go'....have you seen these? Basically 10,000 square foot 7-11's with around 20 gas pumps outside. Last Saturday morning I stopped there for gas and I was the only one there. I've never seen anything crazier, it's like they're convinced there's about to be a massive impulse buy society at any minute...and no one is showing up.
Buc'ees is what they call them where I live; massive gas stations with much higher priced items inside.
I avoid them since their window washer buckets are always empty and the place gives me the creeps.
Sorry, but "BukTeez" started out as small family gas stations in 1970's 60 mi so of Houston, and were slapped with finez for price gouging during a hurricane evac (that was the one time they were caught)... how many other times did they get away with it? Look at all the "eye candy" they have now at the super storz?... and who the heck is "BEAVER" (hint, Archie, yes kind'a like Archie Bunker). So I always gas up in order to NOT stop at their locations, incase they be gougin again.
Funny how there is literally NOTHING that I would ever buy, or ever want to buy, inside these mega-'convenience'-store-junk-food-emporiums-cum-gas-stations but .... gas.
.
...also known, thanks to lottery ticket sales, as trailer park casinos.
.
C'mon, you've got to be kidding. It sounds like a brothel for illiterates. (Would that make it the new version of the Big Box Store®?) I can just picture the team of highly paid branding consultants pitching the name Kum and Go to the corporate suits, and the suits swallowing it.
It's an intricate plan by a team of accredited MBAs. It cannot help but , ahem... succeed.
OT: just got a note from a friend that S&P fired like 2/3-3/4 of their analysts for their equity service yesterday. Anyone from here know anyone from there, or is anyone from here someone from there?
Only thing worse than Chinese junk is more of it.
I try not to spend on anything... including processed foods, anything with enriched white flower or white rice, ground beef with who knows what in it, I cancelled cable tv, I hardly drink or go out anymore, and I still can't keep up with my bills.
At least I am in the best physical shape of the last 5 years!
W.T.F.? Transportation weighs on factory orders in December
'WASHINGTON (Reuters) - New orders for U.S. factory goods fell in December, but rose for a third straight month when the volatile transportation sector was excluded, which could ease concerns of an abrupt slowdown in manufacturing activity...'
http://finance.yahoo.com/news/factory-orders-fall-due-drop-151633841.html
Help the trend, STOP CONSUMING!
it beat estimates. why not highlight that? was a positive macro point today. the ISM miss earlier was the anomaly not the trend, US GDP will grow close to 3% this year. Watch the PMIs..