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Empire Manufacturing Misses For 7th Month Of Last 8; Outlook Plunges
Since July of last year, the Empire Fed manufacturing index has only beaten expectations once as March data once again fell below consensus (5.61 vs 6.5 est.) - hardly confirming the weakness is weather-driven. The underlying sub-indices were ugly with the most worrisome being the outlook - despite some optimism for capex, the general business conditions 6-months ahead fell by the most since Oct 2011 to its lowest since July 2013 - which once again suggest this weakness is anything but weather-driven. The number of employees fell as inventories rose but the margin-compressing divide between prices paid and prices received is concerning.
And hope is fading:
Preices Received plunged back in line with Prices Received - suggesting hope for margin expansion is long gone...
Charts: Bloomberg
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This'll help get us to 1900 by noon.
the "market" on the verge of tanking. the fed did its job. they spent 5 years sucking in retail. retail in, big boys out. the fed has successfully conned the peasants again so that their masters can steal more money. quite sickening, but its what the fed wes established for.
Moar great newz for 'Murka....party on! Don't forget to sign up for HipsterDouchebagCare and sign that check to MyRa!
Please take time to watch the new shame Obamacare promotions.....then get on healthcare.gov and give all your personal information to the hackers.
There is an article out this weekend that shows that most of our manufacturing gains..are overseas.....just counted thru a US Based company
Isn't making hamburgers now counted as manufacturing? I guess for Empire Manufacturing, you have to count White Castle as well as McDonalds.
O Sullivan here...HAPPY ST PATRICKS DAY everyone
O Clampet here, ready to crack down on the under age drinking.
CNBC called it an "improvement", so I'm going with that.
A nuke could be detonating outside the studio....and they'd still be saying that.
Speaking of nukes, I was thinking that one directly over DC would be the only event I would see as bullish, and once again be in stark disagreement with the MSM.
Why nuke? Just wait for the up coming constitutional convention.
Even Kitco is saying the print was "in line with expectations," and that it "rises to 5.61 from last month."
Didn't they fire Nadler?
fuck you Yellen and your fucking family too