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US Industrial Production Plunges By Most Since Aug 2012, Utility Output Drops Most In 9 Years
Mortgage Apps tumble, Empire Fed slumps, and now Industrial Production plunges... Against expectations of a 0.3% drop MoM, US Factory Output was twice as bad at -0.6% - the worst since August 2012 (and lamost worst since June 2009). This is the 4th miss in a row. What is even more stunning is that despite the coldest of cold winters that crashed the US economy, Utilities saw their output crash 5.9% - the most in 9 years (explained as follows - largely reversing a similarly-sized increase in February, which was related to unseasonably cold temperatures). Motor Vehicles saved the data from being a catastrophe with a 3.2% rise (following a 3.6% drop In Feb).
Not a pretty picture...
With Utilities output dropping by the most since 2006...
Charts: Bloomberg
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2200 spx babay
Everything is awesome. BTFD.....
BULLISH!
LED bulbs are taking a toll on electricity demand.
We weathered some folks.
At least it's not as bad as Lehman. That's a good thing, no?
The Lehma era has ended the current episode has not.
A new Lehman will be good for stocks. We won't have to go to Congress for a Tarp baillout. Mr. Yellen will simply print the money. The people will suffer, a currency crisis will require a massive devaluation of the US currency, people will be poorer but Wall Street will make out like bandits.
RECCCOVERY
and joyflation
That reminds me, since fishing season is approaching, I must restock my bottom bouncing sinkers.
(or for you non fishing heathens, use the turd swirling down the commode metaphor)
pods
I prefer bouncing boobies over bouncing bottoms, but to each their own.
That reminds me of this weekend, when my fat neighbor was out pulling weeds in her flowerbox. I accidently caught a peek at an udder. When you see the skin go from dark to ghost white you know you are seeing something you shouldn't. I looked away before I saw the transition to areola. Thank God. I could hear Maverick yelling in my ear "PULL UP COUGAR, PULL UP!"
pods
thats pretty funny becasue its reality
Thanks Pods, I WAS hungry for breakfast. Not any more. Yet strangely I have a craving for buttermilk.
Always marveled at how such a beautiful creation could morph into a roly, dimpled, hideous abomination of nature, to the point of permanently scaring the psyche if looked upon for more than a second...
You may thank the lazy assed American and their poor processed food diet. Dating is like wading through a cattle feed lot.
So everything is fine. Phew, I was starting to get worried. How about renaming the 2nd qtr. the "second period siesta"? Sounds more user friendly.
Let's see ... US industrial production in the toilet, GDP not growing, people not spending, China's numbers are dismal, Europe is a basket case, the BRICs are broken, oil inventorys near max capacity and production up ... all this points to stock market all-time-highs and oil up 25% within a month.
ur as smart as a whip...
u get an A in Bullshit Analytics.....
The US has a measurable amount of industrial production? I had no idea, thought we had made transition to 100% services.
The only thought for me on this and the way the current situation is being allowed to slide this time.
All the preparedness to preserve entitlement has taken place so there is no need for those who have everything to bother to do anything this time round.
WARNING, WARNING, WARNING, Will Robinson!
S&P up 300 handles from October and 1440 since the "greater" depression lows.
OT: http://www.nytimes.com/2015/04/14/business/owner-of-gravity-payments-a-c...
this is a top right?
Of course things are plunging and crashing. Credit rejection just hit an ALL TIME HIGH.
http://hostingd.imagecross.com/image-hosting-07/7759credit.jpg
Who measures the off books "economy", aka black market? ME! So with no further fanfare...I present "Your Black Market".
UP, up, up. Inverse of "free market", NON-GAAP, etc.
Pretty good. Lots of room to get worse. At least the FED fixed the stock market from these kinds of problems.
Mr. Globalist, tell me again about our Manufacturing Renaissance while the numbers of items no longer made here grows daily? Uh, yeah, if manufacturing were "recovering" then energy usage and gasoline usage would have gone WAY up. It NEVER did, we never noticed and believed the bullspit feel good stories on the MSM about growth and jobs and returning factories.
The PTB are going to have to work HARD to keep this puppy from going south before the planned election year dump.
When I stand back I can practically see their plan in motion, but 'bammys little deal with the Sauds and Iranians to put our fracking out of business is working faster than expected thanks to the slaughtering the middle is taking from Obamacare, taxes and banks.
So many piles of outright lies disguised as "official" government stats, and so many fools that believe. The reconciliation to reality is truly going to be a bitch.