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Philly Fed Crashes From 21 Year Highs To 12 Month Lows, Employment Tumbles
With the biggest miss since August 2011, The Philly Fed Factory Index crashed from 21 year highs in November to the lowest since Feb 2014. The headline 6.3 print, missing expectations of 18.7, follows last month's drop for the biggest 2-month drop since Lehman. Under the surface things are even worse with the employment sub-index plunging to its worsdt since June 2013 and the outlook for CapEx slashed in half from 24.8 to 13.2. But but but fundamentals...
From best in 21 years to total carnage and biggest 2-month slump since Lehman...
And under the covers its ugly...
Charts: Bloomberg
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... say cheese ...
cheese
It smells like comeone cut the cheese out there today.......specially on the NYSE floor
Literally, "Green shoots baby... green shoots!"
Yo! WTF!?
what a noisy data series. Who uses this bullshit? They would probably have better correlations with small animal entrails.
"It was the best of times. It was the worst of times."
it's Philly - cheese steak
Doing my best to keep the Cheese Steak index up.
That ought to be good for at least 100 points in the market to the upside.
Dow 20,000...
Gold $450...
Silver free....
S A R C
Bitcoin infinite?
Bitcoin infinite?
Bitcoin fails the test of what money is used for. It confuses storage of wealth with transaction medium.
Consumating transactions is the main function for money. Storage of wealth can be done through holding real assets, such as land, housing, education, health, clean air, clean water, stock ownership, art, etc.
Bitcoin is made rare because it is mined into existence using computer cycles. This keeps the volume of bit coin low so that it is not available in relation to its market need. It behaves similar to Gold as money, where it will go off and hide, and then not be available for labor to price their output.
When money is not transacting it is stored as latent demand. It is not wealth. Latent demand can purchase goods with a time delay, but that does not mean it is permanent wealth.
Money powers allow this confusion in the mind of man because it serves their needs. It is not taught in schools on purpose, because these rent takers want the sheeple hypnotized and confused. To them, Goyim are stupid animals. Don't be a sheeple.
MEFOBILLS
London stick save of the Fraud Markets now in full effect...
http://www.marketwatch.com/investing/index/DJIA
How do you feel today? Fine.
How will you feel in 6 months? Um....
When did you stop beating your wife? I, uh....
Fucking surveys.
+100
"..from 21 year highs in November.."
As if anybody believed that.
This is the year of volitility....in everything..surveys..the markets...interest rates or lack their of...400 point swings in the market daily are going to become the norm...
Seems to me the thing to do now is wait until Maria Barcelona interveiws some investment guru, titain, icon, swami, soothsayer and gets the behind the curtain eyeball veiw of what is really going on. You know, the low down the skiny the bottom line. Then we can start to understand, because that's what she does!
FUBARF!
And the Dow rocket up about 125 points on the back of this report.
Bullish, bitchez.
Let's get those rates up! Things realy look swell bullish bitchez.
Lydia Protopapas, partner at the Houston office of Winston & Strawn LLP, also a bankruptcy lawyer, said the signs of an increase in bankruptcy filings are in place thanks to the fall in oil prices.
http://www.bizjournals.com/houston/blog/money-makers/2015/01/falling-oil...
Forward !