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Durables Goods Data Ugly Across The Board, Worst Since Polar Vortex
Against expectations of a jubilant 3% surge in November, Durable Goods Orders slipped 0.7% - the biggest miss since December 2013. Perhaps even more worrisome, YoY Durable Goods Orders rose at a mere 0.3% - the slowest since the Polar Vortex. Across the board the data was a disaster, ex-Transports -0.4% (against expectations of a 1% rise), Cap Goods Order non-defense were unchanged (against expectations of a 1% rise) and shipments rose just 0.2% (missing expectations of a 1.3% rise)... But apart from that, everything's great.
MoM miss biggest since Dec 2013
YoY slowest rate since the Polar Vortex...
And breaking it down looks just as bad...
Miss...miss... miss... miss....
Must be the weather!!
Charts: Bloomberg
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DOW 18 000 whatelse ?
half road to dow 36 000
Our DOW 18000 hats and straight-jackets are ready to go!
Wow, I was really concerned....
We know what the theme is and it will not be defeated simply with numbers, fundamentals...HAH!
This is a Santa economy, everyone putting cookies and milk under the tree while hoping for a really good present in the morning. Visions of sugar plumbs running through their heads.
The headline number(GDP)- the one the MSM will trumpet all day- is always good.
We can't have too much good going on we need DOW 18k on christmas fucking eve.
That would be the biggest bunch of bs in all time and not one bit surprising.
But....but....but this time it's different.......right?
<Please?>
tick tock tick tock tick tock
New Home sales in 1 hour & 12 minutes - lemme guess - ZH announces HUGE miss
Which is a market positive, right? Why can't we accept that things are getting better by the day? All our prayers will be answered and under the tree come Christmas morning. Where did I put my fairy dust anyway?
Nonsense, CNBC reports "the economy is firing on all cylinders in Q3".
Yes but burning more oil than fuel and stinking up the place. There is rotation but no power, simply wasting resources. This thing needs a full rebuild. Motor honey ain't going to do it anymore.
Firing on all cylinders would be encouraging if it weren't for the fact that V8s, once common, have been phased out in favor of V6s and I4s.
All that durable goods growth must be hidden in the deep ocean (with AGW). GDP Q3 was revised up to 5%. With hookers and blow, do longer noses get included now?
ZH is on life support. Unplug the machine already
Us economy on life support.Unplug the machine already.
FIFY.
The market can remain maniacle longer than you can stay sane.
How many antique washboards am I supposed to buy?
I find it so frustrating that our government can't figure this out. If we just had half of Americans digging holes and the other half filling them and government printing the money to make payroll, we would be in high cotton!
Its amazing that reversion to conservative fundamentals is completely unacceptable but there is no question about the validity of returning to the FDR template that was a disaster.
The goal of government is the destruction of independence. We must all be inside the fence. Communists always built walls not to just keep people in but others out. Governments do not want to see anyone outside the fence fat and prosperous. DANGER!
LOL you actually wash your clothes? I fight the man by smelling like shit.
crooked data, lies and such, we all know the economy is in recovery mode the grass is no longer green shoots it's a jungle, millions working, millions enjoying work free life of luxury or extended vactions, home prices have rebounded and are in a bull market, energy prices reflect the reality of this dynamic economy,,oh wait...
5% GDP is as laughable as china's never declining 7%. Maybe The Interview's IP value boosted it?
GDP Intangables were up 20%! Trust me, I saw them.
All is well!! All is well!!
In a Communist system what the people purchase means nothing......Government carries the purse
China Building High-speed Rail With India, Hungary, Serbia
China Approves Imports of DuPont Pioneer Soybean (GMO)
Chinese Investment Capital and Culture Pouring Into Washington State
China Creates Yuan Trading Center in Los Angeles
China to Pitch High-speed Trains to California
California Startup Launches Jet Service With Russia’s Imperious Group
Russian V.C. Fund Invests In American Co. Close To Fed. Government
Boston Subway To Use Chinese Trains
Hitler’s Nazi Germany Used an American PR Firm
E.U. Asks Russia To Go Ahead With South Stream……Told Ya
Belarus to Partake in Construction Projects in Russia’s Kaliningrad Oblast
U.S. Orbital Sciences Orders Russian RD-181 Engines for Antares Rocket
http://newworldorderg20.wordpress.com
Well, the savy infestor knows that this great news. It is an obvious indicator of pent up demand just sitting on the sidelines waiting to flood the market going forward.
The seasoned professional understands this. One can not expect rookies and nay sayers to properly read between the lines of raw data.
Very bullshitish! MOAR on the way!
It doesn't seem to matter.
Just buy stawks and be happy.
But, but but all those dildos for the FED were suposed to bump up the numbers....
The topping process is grinding to a hal....
Dow
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
S&P 500
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
Hell with polar vortex
We find ourselves in a BLShit-nado!
Isnt equity market gone vertical pretty-much correlated to policy out of control?