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Dallas Fed Extends Miss Streak To Record 5 Months, Hovers Near 6-Year Low
Despite all of Dick Fisher's promises, The Dallas Fed Manufacturing Outlook had collapsed in the last 4 months (and is down for 6 months in a row - the longest losing streak in history) and April did not disappoint. Against expectations of -12, Dallas Fed printed -16 (the 5th large miss in a row). Silver-lining enthusiasts will note this is a slight rise from 2-year lows at -17.4 in March but remains close to 6-year lows. Of the 15 sub-cmponents only wages and employment were positive (sure why not) as capacity utilization and new order growth rates slowing further. Prices Paid are at their most negative since Lehman.
Prices Paid and "Hope" Collapsed...
It appears low oil prices are not a net positive to the Texas economy after all.
Charts: Bloomberg
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Yay, the worst since Lehman hyperbole is back!
Everything is so AWESOMER-ER now!
Soon to be replaced by "worst on record ever".
Reality must be outlawed before something bad happens......
Can we move towards "Shittiest since..."...my associations with Lehman run pretty scatological ("shit the bed", "more full of shit than", etc).
Thanks Tyler(s) ...was looking for this. :-)
It's all 'transitory'... M2M says so.
Yep, life is like that but I'm pretty sure I don't want to be thrown in front of the avalanche....
nothing that can't be fixed with moar high level looting
Dick Fisher before he dicks you.
dick is just some dumb schmuck. it's stanley with a c that you have to watch out for.
Fuld, Cheney, and Fisher in a "Battle of the Dicks" caged death match ; may not reel in the cash on pay-per-view outside San Francisco, but it'll be gratifying nonetheless, I assure you.
"Oh, they've disabled Cheney's pacemaker and he's down...wait...Fisher's pulling an editorial out of his pocket. but Fuld is putting his body in his wife's name."