This page has been archived and commenting is disabled.
US Industrial Production Follows China; Misses With Biggest Drop Since Jan
But but but... the survey all said record highs... Yet another piece of hard data hits the tape and disappoints. While Fed surveys point to an exuberant economy, Industrial Production fell 0.1% in August (missing +0.28% expectations) for its worst print since January's "weather"-related plunge. This comes on the heels of Chinese Industrial Production at its worst in 6 years... perhaps explaining why global GDP expectations continue to test cycle lows. US Capacity Utilization also dropped to 78.8% (lowest since Feb) and the weakness was all Manufacturing driven as production slumped 0.4% MoM - its worst since Jan. So who you gonna believe? Soft surveys? or Hard data?
NOT the exuberant economy stocks are crowing about...
Perhaps most worryingly - where have we seen such a divergence in Industrial Production before between China and US?
Charts: Bloomberg and Goldman
»
- 5562 reads
- Printer-friendly version
- Send to friend
- advertisements -
BULLSHIT!! THEY'RE ALL JUST TO LAZY TO WORK MORE!!
CRACK THE WHIP!
AND UNTILL PRODUCTION INCREASES, EVERYBODY CAN ONLY USE THEIR iPHONES FOR 4 HOURS A DAY, ONLY 8 HOURS OF TELEVISION A DAY AND BE PUT ON A DIET OF ONLY 9000 CAL. MAX A DAY!!
Angry this morning, SD? Listen, we can always feed the MrsK's Prison Camp soup. Hot Water and Rocks. And give 'em 1 extra hour on their phones. They'll be tranquil. Especially if we double the Fluoride dosage.
Not really :) I'm half paralyzed by the flue :)
And my wife doesn't seem to understand the seriousness of the situation because I clearly need round the clock attention and intensive care...
About a hour ago, I even had to take the remote of the television myself that landed in another chair and the food and attention service she gives me is a bit on the slow side... those are all points that will be subtracted from her evaluation this evening...
Sounds like my pts at the hospital.
The beatings will continue until production output improves.
It's the Antarctic weather, silly.
http://www.abc.net.au/news/2014-09-14/record-coverage-of-antarctic-sea-ice/5742668
Oh come on, the sea ice extent is only 1.13 million sq. km above 'average'...
Al Gore says it's all gone, and I trust him.
Gee knukles,
I guess you post this link because you want to keep emitting more and more carbon. If that is so, you might as well post a link to show the oceans aren't acidifying, either.
Calm down. They haven't " adjusted " yet.
All will be good. Trust them.
10yr UST signaled bad report way before release....
10yr UST signal absolutely nothing any longer
World is accelerating USD avoidance.
Soon it may become irrelevant, unless the Fed raises rates to 3% overnight or oil is dumped into the consumption market from storage
Maybe, but made for the correct play this morning.
Still don't believe me that QE was designed to harm the economy on purpose so bank lobby survives another day from collapse?
Bullets on heads coming soon, in my view
Optimist. All that paper is still very much fungible and the paper-pushers haver been buying protection while the sheep have always been cannon fodder.
Yes, there may be lots of bullets coming, but you are very optimistic as to who's heads they will end up in.
What Pentagon wants, Pentagon gets............in one way or another
Okay fine, the pentagon is certainly not going to kill it's owners. Like I said, the sheeple have always been cannon fodder.
Times have changed.
Banks are no longer owners.
Financial system nowadays is a building and few computers and people who type up digits as wealth on computers.
Electronic System has no need for banking oligarchs any longer. They are redundancy now
Everyone had more money this year so they took longer vacations.
BUY A TINY HOME!
Already have one, paid off and everything. Just another sign of my anti-social attitude.
For Walll Street and in DC it's all about perception. The numbers don't count.
Located adjacent to the Back-to-school clearance section, the Halloween section at several nearby stores seems somewhat subdued this year.
Arent we supposed to get a big solar flare this week...I cant wait...
The Sun is a pussy. Unless it is going to go super nova, I'm not concerned.
C'mon!
The sun looks at you 12 hours a day, but you won't even look at it for a minute!
MSM will report that the consumer is just taking a breather to rest up for the upcoming shopping season. Then they will return in droves snapping up all the bargins.
It's good news no matter what!
You used to hear all the time about the back to school shopping...nothing this year..its pretty quiet....its all Iphone now
Wait till the consumer gets the 0zer0care Open Enrollment Notice in about another month showing double digit premium increases to kill the holiday spirit. Nothing like a lump of coal as a Halloween Trick.
Stock market at record highs...this means the economy is strong.
/s
you dont suppose the chinese communist party would be so corrupt as to drop the yuan 20% to boost china exports and prevent a peasant revolt?
...fortunately USA manufactuing would not be affected by imports of cheaper chinese goods, so no need to worry about any china currency shenanigans on the horizon.
Wyoming just got 20" of snow, proving, AGAIN, it's the weather!
Printing more money is always the right answer according to Krugman.