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Philly Fed Down 3rd Month In A Row, "Hope" Plunges Most Since Lehman

Tyler Durden's picture




 

Following January's crash in Philly Fed from 21-year highs to 12-month lows, expectations among the Keynesian-gazers was for a mean-reverting bounce... it didn't. Falling for the 3rd month in a row, Philly Fed printed a worse-than-expected 5.2 (against 8.43 exp), its lowest in a year. New Orders tumbled to its lowest in a year but most critically, "hope" - the six-month forward outlook index  - tumbled from 50.9 to 29.7 - the biggest MoM drop since lehman.

 

From 21-year highs to 12-month lows...

 

As Hope collapses most since Lehman..

 

Unde rthe covers it is very ugly...

 

Charts: Bloomberg

 

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Thu, 02/19/2015 - 11:13 | 5803337 Martial
Martial's picture

Loving all the "most since Lehman" numbers coming out these days....

Thu, 02/19/2015 - 11:17 | 5803369 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

Nothing to see HERE! Please move along....

Thu, 02/19/2015 - 11:26 | 5803429 spekulatn
spekulatn's picture

Nothing to see HERE!   (SINCE LEHMAN)   Please move along....

Thu, 02/19/2015 - 11:26 | 5803432 PartysOver
PartysOver's picture

And yet the ES rallies.  Who knew?

Thu, 02/19/2015 - 14:25 | 5804281 pelican
pelican's picture

I wish the shit would just blow up already so we can start doing the rebuilding.

Thu, 02/19/2015 - 12:44 | 5803714 giovanni_f
giovanni_f's picture

I can foresee already the following statement:

"A deeper analysis, however, suggests that the tsunami of catastrophic numbers appears as such only superficially. It will dissolve in fact with the next NFP numbers which again will be blatantly manipulated  - eh - surprise to the upside."

 

Thu, 02/19/2015 - 11:14 | 5803343 dimwitted economist
dimwitted economist's picture

Hope? WTF for? We're in the middle of a Powerful recovery... out of the shadows and shit.

Thu, 02/19/2015 - 11:15 | 5803349 Kaiser Sousa
Kaiser Sousa's picture

who cares...

we're all getting rich in the Fraud Markets!

 

 

 

still stacking the Shiny's.

Thu, 02/19/2015 - 11:20 | 5803387 enforcer92677
enforcer92677's picture

Every morning there are 2-6 "more shit is down than ever before" stories and yet nothing.  What.... 5 points off on the S&P from the all time high?  Good job.

 

 

Thu, 02/19/2015 - 11:20 | 5803390 Stonedog
Stonedog's picture

This is worse than it appears at first blush as it appears that most of the increase is solely on the back of inventory build

Thu, 02/19/2015 - 11:21 | 5803395 WillyGroper
Thu, 02/19/2015 - 11:33 | 5803473 MsCreant
MsCreant's picture

Willy, 

Your headline should read "Bankster Dead." SHE was an investment banker.

Thu, 02/19/2015 - 11:58 | 5803623 WillyGroper
WillyGroper's picture

While yes, she was in the industry (degree in financial engineering) my point was another JPM linked death. With the two on the train the other day, this defies all odds. The possibilities are endless.

OK, the story sounds simply weather related. She gave her GPS coord's. But like anything electronic, it can be hijacked. 

Here's something even more bizaaro...

Looting anyone?

Fri, 02/20/2015 - 08:54 | 5804297 pelican
pelican's picture

-

Thu, 02/19/2015 - 11:35 | 5803489 cornfritter
cornfritter's picture

well, it appears she got to live about 99 American dreams before her departure, so there's that

Thu, 02/19/2015 - 11:21 | 5803398 Nafets93
Nafets93's picture

Cmon that's gotta be bullish...

Thu, 02/19/2015 - 11:25 | 5803424 wmbz
wmbz's picture

Well if we don't have hope, we do have change! That's what the voters wanted. Go USSA! All the way!

Thu, 02/19/2015 - 11:25 | 5803427 Kaiser Sousa
Kaiser Sousa's picture

London ramp has been initiated...

buckle ur seats please...

Thu, 02/19/2015 - 11:29 | 5803441 Dungholio
Dungholio's picture

Thankfully all the indices will be green shortly.....

Thu, 02/19/2015 - 11:30 | 5803450 khakuda
khakuda's picture

Great!  Bubbles live on bad news and use it to move higher.

Thu, 02/19/2015 - 11:36 | 5803495 Mike Honcho
Mike Honcho's picture

The Hope was temporary, the Change was permanent.

Thu, 02/19/2015 - 11:49 | 5803568 dimwitted economist
dimwitted economist's picture

Change We can BELIEVE In! LOL!!!!

Thu, 02/19/2015 - 12:21 | 5803726 Savyindallas
Savyindallas's picture

All that matters is the stock market. As long as rich folks are getting richer, there is no need to worry about anything else. The central banks are going to buy all the stocks anyway and print money so the rich folks can buy all the poor people's property. It's called feudalsim. It's the natural order of things. Poor folks will be chipped and credits will be authorized to rent rich folks property and get food. If anyone causes trouble, just turn off the credits on their chips. If they are really creating problems, cut off their TV rights so they can't watch football or dancing with the retards. If they are really, really bad -turn off their chip completely and it will induce a fatal heart attack. And someday there will be a computer glitch that "accidentally" causes about 3 billion chips to shut down. What a mess that will be  -disposing of all the bodies will be quite a task. Too bad the Nazis didn't keep records of how they disposed of millions of bodies without a trace. It's the new World order.

Thu, 02/19/2015 - 14:18 | 5804255 Chuck Knoblauch
Chuck Knoblauch's picture

Going down with the temperature.

What's GDP going to look like when it warms up?

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