US Economic Data Is Having Its Worst Year Since At Least 2000

It's getting old but the percentage of missed expectations in economic data is now over 90% since the start of February with three more added to the long list today. This has pushed Bloomberg's US Macro Surprise index to its worst start to a year on record.

Not pretty...

This is the worst start to the year since records began...

But this Bad news is Great news!!!

Charts: Bloomberg

Comments

[dimwitted economist]

Yes! the market will Fucking LOVE this!!!!

[localsavage]

The algos just got wood.

[TeamDepends]

This is mothers milk for Keynesians!

[no more banksters]

Since the early 90s, many major companies were presenting fake profits, hiding their debts, with the help of the largest accounting firms. The paradox is that in the mid 90s, Greenspan had already realized that something was wrong with the economy, but ultimately convinced himself that computers were increasing the productivity in novel ways, too new to be detected in the data.

[The Bell Rang]

When the shit hit's the fan, and it's on the way, no one will believe it. Every dip is bought so can't go down right, well wrong. Should be an interesting week.

[Bossman1967]

Are you kidding yellen gonna be patient just know this BTFD and go have fun off to the records. Not over till he fat lady sings and yellen maybe dancing she not ready to sing guaranteed there is no war yet

[TeethVillage88s]

Yeah, I spotted a pattern of Bombing, war making, with Fraud, Scandal, and US Crisis... Financial Events.

http://www.zerohedge.com/news/2015-03-16/get-ready-ruuumbleeee%E2%80%A6#...

[heisenberg991]

Need to buy more shit from amazon to keep the machine humming.

[Rainman]

These recent disappointments can all be cured with a large dose of super dooper subprime lending ! .. just like before.

[HardlyZero]

Modern finance has been sufficiently prepared for the coming crack-up-boom.

It is like the shale wells are running double-time to make up for the losses while their finance keeps the drills running.

without volume the shale wells die quickly so they run breakneck to keep the money and finance flowing.

The markets must be near the hyper-acceleration phase.

[Never One Roach]

Massive Store Closings Will Reshape Retail Landscape

http://www.forbes.com/sites/barbarathau/2015/03/10/massive-store-closing...

Here are the 1,784 RadioShacks set to close

http://money.cnn.com/2015/02/09/news/companies/radioshack-store-closings/

[TeethVillage88s]

The Bloomberg US macro surprise index (see above) measures the difference between how data actually is coming out and consensus estimates for that data.

So data is consistently "Worse" than expected.

Hm... You mean Part Time Retail Workers ARE NOT Equal to Factory Jobs???

And that Part Time Retail Workers can't purchase retail products any more???

And maybe some Public and Private Executives are being paid too much to run our Economy, Domestic Policy, and regulate our Corporations and policy related to Domestic Investment and Capital FLIGHT???

Does this mean some of the Protestors and Critics are Right??

And after Massive Fraud on Wall Street from 1998 -2008 (10 Years)... The US Consumer Market doesn't like Fixed Markets as much as Lloyd Blankfein, Jamie Dimon, and Hank Paulson said.

[yrad]

+1

[MrButtoMcFarty]

Can hardly wait to see Mattress Firm go down in flames....

SHIT Company run by ASSHOLES.

[davidalan1]

bwahahahhahahahaha....just saw the above graphs in an economic history book 25 years from now...:WTF were they thinking:...Much like

back in the mid 2000's  you could put a house on the market and it was SOLD in two days.....

Famous quote from Sgt Barnes-  "DOC, TAGGEM AND BAGGEM"

[fremannx]

Missed expectations are to be expected when a debt bubble of mammoth proportions like the one we are experiencing today bursts. This has been coming for a long time, it is just now being acknowledged for what it is... the beginning of the end of a global economy imploding from ever-increasing deflationary pressures.

http://www.globaldeflationnews.com/anatomy-of-a-bubble-how-the-federal-r...

[polo007]

According to Natixis:

http://www.ge.tt/5osnEOC2/v/0?c

March 13, 2015

What are the differences in economies where debt ratios are very high?

Debt ratios (public, private and total) are at present extremely high in a vast majority of OECD countries. How does this change the functioning of these countries' economies?

• Fiscal policy becomes more restrictive and can hardly become very counter-cyclical due to high public debt ratios;

• The private sector deleverages, and monetary policy can no longer use the credit channel;

• Central banks have an incentive to conduct expansionary monetary policies to facilitate deleveraging.

In countries where debt ratios are very high, we can therefore expect to see:

• Weaker growth (a restrictive fiscal policy, private-sector deleveraging);

• Deeper recessions (lack of counter-cyclical capacity of fiscal and monetary policies);

• And yet a sharp rise in asset prices (equities, real estate), due to expansionary monetary policies and long-term interest rates that are lower than growth rates.

Paradoxically, excessive debt ratios can be positive for equities and real estate.

[El Hosel]

Nice, at this rate the "data dependant" Fed will never raise rates and all stawks will live happily ever higher.

[bid the soldier...]

from the WATCHING section of the online NYT.

"Despite what you've heard most U. S. economic data are actually disappointing."

Bloomberg

Maybe Tyler is right after all.

[WillyWonka]

Hey!  Look...a sale at Zody's!