This page has been archived and commenting is disabled.
US Industrial Production Misses (Again) As Manufacturing & Construction Growth Disappoint
With a mere 0.2% rise in manufacturing production (missing expectations of a 0.4% rise), and capacity utilization printing 79.4%, missing expectations of a rise to 79.9%, it is no surprise that overall industrial production missed expectations for the second month in a row. Motor vehicle production fell 0.6% in January and construction supply fell 0.3% - the most in 10 months.
2nd miss in a row for IP...
With Construction Supply dropping by the most since April 2014...
Not exactly the data that confirms the decoupling narrative.
»
- 3272 reads
- Printer-friendly version
- Send to friend
- advertisements -
And the point is? Just accelerated buying of assets by CBs to continue.
Moar share buybacks!
We look like Japan. Even the average American penis is shrinking, secondarily to obesity.
BULLISH!
Pecker shrinking? I haven't seen my dick in 20 years...and I thought it was because of obesity.
Don't worry Tesla will sort it. They are going to build millions of cars on a 500k capacity plant according to MUSK!!!
With only three bad numbers today (US Producer Prices, Housing starts, US industrial production) I am sure that the next NFP will surprise to the upside, big style.
Awesome!
Although, as someone who expects the worst most of the time, exceeding or missing expectations is something I rarely care about. Absolute numbers mean more to me, or comparisons like YOY. That, of course, assumes one can get the true numbers, or at least a fair approximation thereof. It's like EPS: reduce the number of shares through buybacks and a company doesn't need to have greater earnings in order to have greater EPS.
I expect totalitarian repression, although it's not what I want. Will anything less therefore be considered to have exceeded my expectations?
Transitory. We'll be back at full boil as soon as the Fed unleashes QE4. Please remain calm.
No need to even wait for QE4.2 as no rate increase ever and NIRP are even better for banksters, which is all that actually matters.
Who cares? Buy!
16 straight data misses in US this week. #winning
Buuuuuuuulish...
<sigh...>
I love the smell of redneck pussy in the morning
Noise, it is about the FOMC minutes
Meh...DOW @ 18K, S&P 2100...I take not care.
The manufacturing downturn is far worse than these manipulated statistics suggest. The Census Department just reported that steel imports in November declined 18% YoY while AISI reported that domestic U.S. steel production declined 10% YoY in the same month. This is a weighted 12.4% overall decline in steel available for manufacturingin December and January.
Yes but share buybacks are accelerating, the only thing that really matters.
As a solution suggest to move even more production to (unregulated) India and Asia - so they (holy tax avoiding corporation cows protected by the corrupt whores in W DC) can make even more profits on the back of even cheaper dumber sheeple.
Then, like "longterm unemployed" - create a new category "production facility gone forever" and remove them from the current stats - and all of a sudden manufacturing production will RISE like a Phoenix from the ashes.
In any case, whatever the results are - this is bullish and should just suck in more dickheads and sheeple as food for the Sharks, Crocodiles and Gorillas.
Nothing but a silly cheap show for the remaining paralyzed trading junkies anymore.