• Gold Standard I...
    07/24/2014 - 01:47
    There is confusion over what legal tender law does. It doesn't force merchants to accept dollars under threat of imprisonment. It attacks lender, by granting debtors a right to repay in dollars.

Industrial Production Drops, Misses By Most Since January

Tyler Durden's picture




 

For the 3rd month in a row, Industrial Production missed expectations as hopes and dreams of follow through in Q2 remain dashed on the shores of hard data. IP rose 0.2% (missing the 0.3% expectation) and May's jump was downwardly revised to 0.5%. What is stunning is that Industrial Production has slowed its gains from the polar-vortex Q1 into a much more economically frigid Q2. Capacity Utilization also missed expectations. Perhaps most worrying is the manufacturing industry's mere 0.1% gain in June - the slowest increase since January.

Industrial Production missed for 3rd month in a row...

 

As Manufacturing tumbled...

Charts: Bloomberg

 

*  *  *

Does this look like a Q2 recovery bounce that is strong and supportive of 3% GDP growth?

5
Your rating: None Average: 5 (4 votes)
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 07/16/2014 - 09:25 | 4962260 doomandbloom
doomandbloom's picture

Good for Dow 18000

Wed, 07/16/2014 - 09:28 | 4962271 RevRex
RevRex's picture

GREEN SHOOTS OF RECOVERY SUMMER 5

Wed, 07/16/2014 - 09:40 | 4962333 MeMadMax
MeMadMax's picture

BUY! BUY! BUY!

Wed, 07/16/2014 - 09:48 | 4962370 Sudden Debt
Sudden Debt's picture

more like a green stickup than a shoot...

Wed, 07/16/2014 - 09:26 | 4962267 LawsofPhysics
LawsofPhysics's picture

What happened to "beating expectations all the way down"?

 

Stay on script guys...

Wed, 07/16/2014 - 09:27 | 4962274 ChartreuseDog
ChartreuseDog's picture

There's a positive spin somewhere out there on this... wait for it...

Wed, 07/16/2014 - 09:30 | 4962287 RiskyBidness
RiskyBidness's picture

Well.......If ever there was a chart that said BTFD........this is it!!  Can this insanity continue much longer!  I am starting to question my sanity!!  FUCK!!

Wed, 07/16/2014 - 09:32 | 4962294 yogibear
yogibear's picture

It's untaper the taper.

US welcome to Japan. The Federal Reserve is keeping the financial zombies alive. Just like Japan. 

Years of slow grind for the 99%.  No clearing of debt. They won't let the bad fail, so it's the dead zombie economy for years.

Wed, 07/16/2014 - 09:32 | 4962295 Temerity Trader
Temerity Trader's picture

It doesn’t matter, bad news is good news. Embrace the New Normal. This is the most successful Fed in history, they have given everyone 100% assurance they will backstop the equity markets. Any negative numbers means more Fed money creation is on the way. Equities cannot go down in this environment. People are now wealthier than ever before. Millions have seen their 401Ks soar; they are out buying things with cheap Fed dollars. Corporations are borrowing the cheap Fed $$ and buying back shares, stocks soar. It is perfect, and bears need to acknowledge Dow 20k, then 25k is all within reach of the Fed.

Wed, 07/16/2014 - 09:33 | 4962296 Sudden Debt
Sudden Debt's picture

IT'S BECAUSE OF THE COAL!!

damn putin... it's because of him that Obama had to stick his nose where it didn't belong...

 

Wed, 07/16/2014 - 09:33 | 4962303 creeko
creeko's picture

If my purchasing power increasedby .01% in June, that would be happy news.

Wed, 07/16/2014 - 09:35 | 4962312 Kaiser Sousa
Kaiser Sousa's picture

and the Dow futures appear to be set for a 100 point open...
nice.

Wed, 07/16/2014 - 09:37 | 4962316 PlusTic
PlusTic's picture

this insanity knows no bounds...bizzaro world ^2

Wed, 07/16/2014 - 09:37 | 4962318 geno-econ
geno-econ's picture

Most important index is Dollar Printing Press Mmanufacturing Capacity Utilization .  If MPPMCU goes down, the entire Western Monitary Ponzi Unravels.

Wed, 07/16/2014 - 09:38 | 4962324 besnook
besnook's picture

who runs the world now? china shows good numbers and the ny markets ramp in the face of bad usa numbers. must be chinese buyers.

Wed, 07/16/2014 - 09:59 | 4962420 venturen
venturen's picture

maybe they can change indutrial production to include fraud...that would get the numbers up!

Wed, 07/16/2014 - 11:31 | 4962705 syntaxterror
syntaxterror's picture

Does "building a tweet" or "building a facecrook post" count as industrial production?

Wed, 07/16/2014 - 11:47 | 4962772 TheRideNeverEnds
TheRideNeverEnds's picture

just noise

Wed, 07/16/2014 - 12:14 | 4962876 KnuckleDragger-X
KnuckleDragger-X's picture

Things are going so well I can barely contain my excitement and optimism....

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