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Empire Fed Soars To 4-Year Highs But Outlook Collapses Most In 3 Years To 13-Month Lows
The exuberant reaction in stocks at the Empire Fed's 3rd beat in a row soaring to its highest since April 2010 is perhaps missing a much more critical point - looking forward, survey respondents are their least positive about future business conditions in 13 months. This is the biggest MoM drop in over 3 years with a big drop in new orders expected along with less employees (the worst in 2014) and notably lower capex.
But then there's this - the future...
with the employment outlook worst in 2014
Charts: Bloomberg
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Paging Cognative Dissonance, please pick up the nearest white phone...
bad hard data, but no worries the fake survey data will always beat expectations...endless farce!
They all must have sold thier condo in NYC to some Chinese...so of course they are happy....
I am convinced the DOW will go to 20k by August 2015.
On sheer stupidity alone.
Why so conservative on your outlook?
Federal tax revenues continue to run at a record pace (in inflation-adjusted dollars) in fiscal 2014, as the federal government’s total receipts for the fiscal year closed June at an unprecedented **$2,258,565,000,000 **according to the Monthly Treasury Statement.
http://fms.treas.gov/mts/mts0614.pdf
So basically the Parasite which is the US government is sucking the life blood right out of the economy...Awesome, we need 8 more years of the same people for sure.
But still ran a $366,000,000,000 deficit -
Long lies.
A "survey" conducted by the NY FED...enough said
Sir vey to Oi vey
weeee.....make the numbers bigger uncle empire
weeeeeee!!!
To Infinity ... and beyond!
Meh. Who cares about outlook? All I see are sunny skies and skittle shitting unicorns thanks to the all powerful BernakenYellenStein. Taste the rainbow bitchez!
you forgot a dick in every pussy...
a ebt card for every fuckin BODY that breathes...
moar free shit and disability for fucking everyone that chooses....
and shit-licking dumbed down asinine web sites that dumb down the already dumbed down....
ZH excluded....and a few others (roll credits)
The economic recovery that the media and talking heads have been bantering around does not exist and is just a myth. A manipulated stock market distorted by recent economic policy hides and mask the real truth, in many ways it is ground zero in the war to convince us all is well.
The American people and Main Street will tell you they are far from convinced that it is smooth sailing ahead. Huge weakness in the economy has been shown by numbers that barely get by even after record amounts of stimulus. Fact is if QE or the massive government deficit spending that props up our economy is removed it will fold like a cheap umbrella.
Recent changes in how the GDP is figured , which boosted growth thus reducing the debt to growth ratio, and attempts to spin poor numbers regarding employment have been met with skepticism. More on this subject in the article below.
http://brucewilds.blogspot.com/2013/10/myth-of-economic-recovery.html
If it weren't for artificial credit creation, ZIRP, and cheap money our investments wouldn't be held hostage by highly leveraged players who follow these inane and meaningless government statistics...
I wonder if the Empire Survey queried anyone other than those in lower Manhattan. They are already anticipating their year-end-bonuses/
Gold...the "previous" metal.
https://lh5.googleusercontent.com/-98yQJbboxN8/U8Uwo7uucmI/AAAAAAAAToI/_...