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Empire Fed Crashes To Almost 2-Year Lows, Biggest Miss In 4 Years
Must be the weather, because lower gas prices is "unambiguously good" for everyone. The Empire Fed manufacturing survey collapsed to -3.6 from 10.16 , its lowest since January 2013, missing expectations of a rebound to 12.4 by the most in 4 years. New orders plunged and unfilled orders utterly collapsed from -7.45 to -23.96 or as some would call it, "unambiguously bad." The timing of this US macro data collapse could not be better for The Fed of course, which with the entire world reeling form a demand crunch (see oil) needs an excuse to keep lower-for-longer on the table, and even proceed with QE4 if and when needed.
Empire Fed crashes.
As the report notes,
For the first time in nearly two years, the general business conditions index signaled a decline in business activity for New York manufacturers. The index retreated fourteen points to -3.6 in December, with 19 percent of respondents reporting that conditions had improved over the month and 23 percent reporting that conditions had worsened.
Overall, readings for the headline index during the fourth quarter of 2014 mark a significant downshift in activity from the levels seen during the five-month period from May through September.
The new orders index fell eleven points to -2.0, indicating a small decline in orders, and the shipments index dropped twelve points to -0.2— a sign that shipments were flat. Th unfilled orders index plummetedseventeen points to -24.0. The delivery time index drifted down to -14.6, suggesting that delivery times were shorter, and the inventories index fell to -11.5, pointing to lower inventory levels.
Even Optimism declined: "The index for future general business conditions fell nine points to 38.6"
And kiss expectations for a CapEx surge (for the 4th year in a row) goodbye: "The capital expenditures index fell twelve points to 15.6."
Of course, with the Fed desperate to find an excuse to get out of its "rate hike" channel, who could have possibly seen this coming? From yesterday...
If the Fed decides against hiking, US macro "data" should start turning darn bad right about now
— zerohedge (@zerohedge) December 14, 2014
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It is far, far, far, far worse than it looks.
This is actually very good data compared to reality.
You do realize that we are actually in a depression right?
https://www.youtube.com/watch?v=kNAehYI75tg
You wish we'd be in depression.
Depression means, no up and no down.
USA and Western economies are spiraling down being in the hands of bankers.
Only Pentagon can fix the issue now and they are about to. Bankers are losing big.
I predict rebound by end of 2015, early 2016, only after Pentagon decimates the bankers. I am confident they will.
Dosen't the Pentagon work for the bankers?
It will be Hillary that saves us all...
I think I just vomitted in my mouth....
Oh...I projectile vomited all over my laptop. My dog is cleaning it up now.
That is a good way to describe the way banks interact with the Fed and Treasury.
FTMFW Quinvarius!
Would you like the Rose Law Firm lost records or Vince Foster Treatment? Perhaps some Bosnian snipers? Or maybe a shot of Benghazi action?
Let me introduce you to good friend of the Clinton's, Ms. Monica Lewinski. Oh and over here is her brother, George Bush. By the way, does Hillbillary golf, too? Why, I'll betchu she's love a couple rounds with Bill and Barry.
No. It is the opposite. Bankers tried to rule over pentagon, asking for pentagon's loyalty, later backstabbing pentagon with cuts via the white house.
It's over. Pentagon will decimate bankers now, after being backstabbed
Skousen thinks it will be a republican placed in power that will take us into Thermonuclear war
https://www.youtube.com/watch?v=MdAvn1jmZH4
Skousen has the best explanation (IMHO) for the shit show we are presently living...
All that matters is that Barry O & Jamie Dimon (Jew Diamond) get to the back 9 on time.
The Great Takeover & Capture of all 3 branches of government & regulatory agencies by BANKS continues unabated.
The Great False Left-Right Paradigm of "Choice" in operation...
The failed empire fed..
We don't need winter weather to blame, we have the Russians now..
The Fed doesn't need any excuses to "further ease" as whole rafts of data point to a weary, miserable, bedraggled, demoralized and pitiful level of economic activity. The problem is that all of "the data" have become so manipulated to the "good" side that the Fed needs real unmanipulated bad data to do what they think they need to do.
And oui voila! Same conundrum as the olde Soviet Union which manipulated (or just plain manufactured nonsensical data) reality so much that nobody knew what the fuck was really transpiring. And I mean, nobody.
If the economy was doing as good as the "Dark Forces" would have us believe, robustly responding to unprecedented level of monetary accommodation and fiscal stimulus (not) then there'd be talk of overheating, scarcity of employees for any and all jobs, nobody would give a rats ass about all the bodies flowing across the border, newly created business would be hiring left and right, everybody would be buying homes and cars , real after tax wages would be skyrocketing and.... Well, you get the picture.
We're not there yet, are we, mommy.
No little Billy, we've got a long way to go.
Will I ever see a happy time, mommy?
Oh baby momma can't do nothin, oh baby momma just aint here. Why worry about your brother, why worry about your mother, when the century city just had to be comming.
The FED should just get The Onion to start writing their minutes.
they already do its called CNBC.........since they will not change the language somehow it is being set up so the markets can rally 200 points ES into EOY
We onioned some folks.
Best BS Wall Street can have. They know it's all about perception, not reality.
Say lies long enough and their perceived as reality.
As perceived, reality is merely one's most plausible belief system.
CNBC? Oh...you must mean CNBS.
They can't raise rates EVER, I don't give a fuck what the data says.
Sure they can! Let's get em' up tp 4 or 5% and see what happens.....
QE has just been vampirized
Nothing can kill it now
HAH!
Oil very high- Proof economy is good.
Oil plunging- Proof economy is good.
That's what they said!
you can imagine how bad it really is if they release this kinda number just before Christmas. and I thought everything was getting better for us folks in the grand USSA hmmm somebody better start Yellen at Barrack
This is better data than expected!
It's obivous to the trained eye that the consumer is just taking a much needed break prior to the after Christmas shopping spree they will all be fightning over.
Onward and upward!
1 comment on the 'if the Fed decides against hiking'...they can just keep kicking that can, 'we'll look at it again next Q' etc.
The real data can be released now that derivatives are covered by the taxpayer....
With the taxpayers covering their ass and a FOMC meeting this week what could go wrong? Up, up an away!
And the election is over ;-)
Come on Tyler,you're just being a Fuckhead. sarc/
OFF topic
look what i got today, from walmart ,in my email:
Subject: It's Back! Cyber Monday 2.0 is here!
Date: Mon, 15 Dec 2014 05:28:04 -0800
From: newsletters@walmart.com
(this is your indication how good the economy is lol)
refinance your auto-loan - between the monthly savings from that and low gas prices, just think of all the treasures you can aquire at your local Wal-Mart?!?!
New York. The Empire State. The Empire of worker unions......You would have to be totally out of your mind to start a manufacturing business in NY State.
What if...Janet Yellen can't read?
But, but, Reuters says...
http://www.cnbc.com/id/102268106
US Manufacturing Output is surging???
Is this how "the big collapse" starts: the slow-motion train wreck of collapse in oil prices, holiday spending slump, fiat currencys collapsing, and?
...And GI Joe with the Kung Fu grip sales drop to zero as Wall Street goes fetal.
Bloomberg says the same thing. Capacity utilization is up to 80.1% from 79.3% - oh noes. More data disagreement. Who ya gonna believe. The media, or your own lying eyes?
The background music playing on CNBC right now is also used at NBA playoff games -
They need some smoking hot scantily clad cheerleaders with large boobs to do a dance routine to really get the crowd behind a stock market rally.
Obangotan is a puke.