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US Factory Orders Drop Most YoY In 19 Months
For the 4th month in a row, US Factory Orders have fallen MoM. November's 0.7% drop is worse than the 0.5% decline expected and leads to the biggest yearly drop since March 2013. Capital Goods New Orders tumbled 0.8% as did non-defense capital goods shipments (down 0.9%). Having risen for 3 months, November saw a 8.2% plunge in defense new orders but it was the across-the-board slide in consumer goods orders and shipments, IT new orders, and Computers & Electronics (despite the massive tax cut from low oil prices!!??) that weighed heavily.
This is the 4th drop in MoM orders in a row...
Worst YoY drop in 19 months...
So much for the "decoupling" meme...
Charts: Bloomberg
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BTFD
Waiting for the next round of equities inflation...I mean QEsiness to hit.
You mean we still have factories in the US? I thought those were all in China now.
Worry not, son, worry not. The Romney's hedge fund is working hard to close those remaining factories on US soil, and get that dirty direct labor out of their homes and into tent cities.
So this includes McDonalds right?
pods
And Burger King, and Walmarts, and Taco Bell, and Kentucky Fried Chicken. Did I mention Walmart?
and the Dow rallies....
Get ready for QE 4. A 99% chance.
Then
QE 5
QE 6
QE 7
QE to infinity.
Fed's balance sheet goes to infinity. Insolvent. But hey their a central bank. The US dollar backed by nothing and eventually worth nothing.
But wait, Joe Connelly of WCBS radio says that every report coming in indicates the economy is improving.
...of course he's been saying that in every morning since January 2009. >_<
This is a recession.....just not a total collapse ala Europe and Japan.
The Fed should continue to normalize as a massive amount of "deflation" (cheap food and energy to prevent the ongoimg national uprising from spreading) is imported.
Free booze and cigarettes are still delayed however...
The world is slowing down..so that has to affect our exports too....the only thing that might not be affected is food exports...you gatta eat...but you dont need that new D9 Cat for your coal mine...
Production work is for goyim. What you do is plunder resources and labor from other countries and then give them paper in return!
I know here in Colombia..the oil exports have been funding our growth and jobs for the last 6 years also..and that door has just slamed in our faces....but our politicians have not quite figured it out yet...but we are going to have to slow down our construction projects real fast...but they just raised the minimum wage,,,,more than inflation was..so many jobs will be cut..they never learn the politicians...they will go into debt.....to build their socialist paradise....even though they were consertatives when they were elected...free housing buys votes
If you want job security find work in the MIC.
... and this could be one of the reasons ... >>> Chinese locomotives reach Thailand, to replace GE >>> http://thebricspost.com/chinese-locomotives-reach-thailand-to-replace-ge/
What the F is a US factory?
Buildings that the federal government via the EPA has made illegal.
If factories are closing because the government (EPA, OSHA, Labor Board, IRS, et al) is strangling them to death orders must fall. Orders from non-existent entities are difficult to place let alone fill.
Blah. Your post sounds like a Human Events article. There is one and only one reason for declining (if any) factory orders: people don't have effing jobs. You can't fire people, move factories over seas, and expect the people whith no jobs to buy from what factories are left. its stupidity.
That's silly. It takes capital to create products. When the government continues to swoop in to take capital away from businesses via regulation/taxes businesses can not produce effectively or efficiently. Producing efficiently produces wealth which is capital which is needed to produce and purchase. This is how the U.S. became the wealthiest country on Earth in a 100 year time frame. Governments destroy efficiency thereby destroying production thereby destroying wealth thereby destroying jobs. Governments do not create wealth.
Well, obviously all the talk of improvement was just BS. With orders you have to go back up the food chain, and if things WERE improving, those orders would not have gone down.
Factories aren't getting THEIR orders from their buyers, so THEY will order less materials to MAKE that stuff.
But I'm sure they will blame the cold weather.
I don't know about anyone else, but looks like its been bumping around the same for about 2 1/2 years.