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Philly Fed Suffers Worst Run In 3 Years, All Sub-Indices Collapse
Philly Fed hasn't missed for 4 months in a row since Feb 2012. Printing at 5 (against expectations of 7) the March Philly Fed data is the weakest since Feb 2014. Under the covers it was even uglier... Employees, Average Workweek, New Orders, Prices Received, and Shipments all plunged. Great news for the stock market bulls... yet another dismally bad data item to keep The Fed from hiking.
Every sub-index weakened dramatically...
- Shipments lowest since Sept 2012
- Average Workweek worst since March 2013
Prices Paid Collapse...
Prices received Collapse-er...
Not pretty!
Charts: Bloomberg
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Patience is a virtue!
just a heads up......northern california rice farmers idle land to sell water for $700 an acre foot to the metropolitan water dist. of so. california. lets see just how high the bidding goes once all the other huge water districts in california go in search of water. this happened with the water district in san diego in the 1990's. they needed water bad and ended up buying the water from farmers in the imperial valley to the east. one article i read said that the s.d. water district found it cheaper to buy the "land" along with the water rights that went with the "land". and so it starts
Isn't the vix based out of there?
Wow, it really leveled right out at zero, didn't it. Almost like it hit an invsible floor or something. Or something.
They apparently ran out of magic fairy dust at a bad time....
That is what happened in Colorado..the cities and water companies bought up all the ranches and took the water rights......now its all dry land....
all subindexes collapse! Yeah and so Tylers? not yet, been preaching this shit for years now,
but not because of the sub index , in redneck speak : ain no cowapse cummin dis sparing!
You need to bring your troll game up a couple of notches....
Yes! it's a Recovery!!!!
it's so bad that they can't even cover it now
good for 10 S&P points easy! And we are in the lesser worser part of the recovery! Market is going to implode in the part where they make profits and people get paid
YES!!! The FED will NEVER raise interest rates. BTFD
There was a dip?
FUCKING BULLISH
FUCKING BULLISH
DXY > 99
King Dollar - getting off the mat and rubbing his chin : "that all you got?"
Must be the weather....
Bullardish
My prediction is that the US turd follows Japan's turd down the toilet.
Russia will save the US economy, "with conditions".
Obozo will consult with <surrender to> Russia and China via the UN.
American supremacy is coming to a swift end.
It's in the Bible.
There will be some fireworks, but the US loses.
Sorry - Game Over.
did you used to play 2nd base for the Minnesota Twins?
I have Chuck's hologram rookie card in the cd case thing...unopened!
We will all have a 3D hologram of Obozo in our homes.
Forced to worship it 3 times a day.
helluva ballplayer till he got the yips like old Saxsy got
Do you think Russia and China will allow Americans to play baseball, football, and basketball after they win? The communist party of America doesn't like the NFL already. Will all contact sports be eliminated? Will you be forced to vote for Mr. Putin.
Sports are the #1 distraction for American males, they will always be a part of the scenario. They like the NFL to keep its non-profit status, the leader of which only makes $30M.
After the surrender, Russians and Chinese will be moving into your neighborhoods.
Their tastes in sports will trump yours.
It's a component of being a dominated adversary.
You have no idea, do you, young fools?
You have no conception of absolute domination.
damn, gonna have to brush up on soccer and cricket, eh
Russans may allow blacks to hunt white constitutionalists on enclosed farms.
You have to watch the movie The Naked Prey.
That was the one with lot's of boobies if I remember...
Let me clarify.
Russia and China will "offer" to save America.
You will surrender your freedom in consideration.
for those of us who aren't successful thiefs like you, what freedom will we be trading? other than the ability to call you an ass? russia is no savior - you save yourself if your gonna be saved, whats with the theatre?
CATastrophe continues
Caterpillar february sales out ... down year over year ... for the THIRD year in a row
http://s7d2.scene7.com/is/content/Caterpillar/C10085838
http://www.caterpillar.com/content/dam/caterpillarDotCom/retailStats/201...(December)%20Monthly%20History.pdf
http://www.caterpillar.com/content/dam/caterpillarDotCom/retailStats/201...(February)%20Monthly%20History.pdf
I know you think that matters...but...RECOVERY! See...all better.
I remember way back in the day, 6 months ago, when all the clamor was 'Fed must raise rates, or Fed credibility will be lost and markets are getting very nervous about no rate rise and may throw a tantrum if they don't '.........BWAAA HAAA HAAA!
DOW will go greeen on this info. Any "bad" print is seen as a positive due to the fact the un-fed will just get even deeper into the game. That is a given!
Word of the day...Semblance
I just took two seconds out of my day to look at the equity indices, merely to ensure that any fucking dip was being bought.
I was not disappointed.
Carry on.
ransquawk here sez russian retail sales february (month over month)
expected ... -2%
actual ... -4%
the "recovery" continues ...
Who'd a thunk it, eh? Everything down, EXCEPT the rigged stawk market, PM's and other such things, imagine that?
O Jellin' with Yellin says they are gonna continue to accomodate and add to the $4.2 trillion balance sheet debt they have...
This shit is so rigged up, there is no discovery anymore, if you're in like Flynn - GET THE FUCK OUT while you can.
Things are gonna heat up Furgeson style all around the country very soon now. Buckle up for safety, and get those Chinese Chin Guards on people, the ride may get bumpy!!!!
Get right with God, as Jesus Christ is your ONLY salvation!! Your toaster will not save you!!
Aww did I upset the God haters here? Too bad...
I wonder how much the port labor issues are playing into these numbers......There has to be some latent fallout from the delay in inventory reaching customers and so forth. Our company has shipped 50% of what should have gone out the door at this time. Playing catch up for the next couple of months now....
Not only are they not going to hike, they are going to stop pretending it is an option. Or, maybe Yellen is the kind of person that needs to be inside the refrigerator to make sure the lights really do go out when the door closes.
Spot-on and funny. And no reference to "joos" or offensive terms for them.
That's virtually unheard of any more here on ZH. Thank you.
They are going to test Nas 5000 one more fucking time for good measure, then this bitch is going south. 70/30 just my odds on it.
The Tech buble erra seemed tame compared to the idiocracy that is taking place at the moment.
I guess people just aren't buying Cheesesteaks anymore. Must be the Moochelle Obama healthy food initiative.
This is getting fun to watch. They're gonna raise rates- they never do, blah, blah, blah. How many years can this go on? I don't know for sure but Japan is in year 27- me thinks.
Japan has US support.
Who supports the US?
Belgium.
IHOP will buy our waffles?
Good to know.
Well, I think the last time they raised rates in the US was about a decade ago. So, we've got that going for us, which is nice. Of Course, you realize, that they can still lower rates, right? I mean, didn't the swiss just drop theirs to -0.25%?
BTFD is a virtue. Also, Virtu is a virtue.
At some point, there must be a come to jesus moment, where the collective market suddenly realizes that it doesn't matter what the FED does, the economy is going to keep sliding. And that while money can be borrowed at ridiculously low rates... maybe, just maybe, buying stocks isn't the best thing to do with that money.