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Richmond Fed Manufacturing Survey Misses 5th Of Last 6 Months
For the second month in a row, Richmond Fed printed below 0 - which has prompted renewed QE from the Fed, or a recession, in the past. At -3 (worse than the -2 expected), this is the 5th miss of the last 6 months. Under the surface, components improved but New Order Volume, capacity utilization, and shipments all printed a negative contractionary level. While the data bounced, it remains a weak bounce off 2 year lows.
Charts: Bloomberg
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I guess that the algos can't buy real stuff
Winning!
In other news... Iranians have seized a US cargo ship and are holding 34 sailors. Should be good for an oil price pop.
http://ara.tv/252aq
I liked the consumer confidence number better. This one makes it look like "what they hell is everyone so confident about?"
Damnit people, be confident and the LA Lakers are gonna win the NBA title again this year!!! Woo!! Hoo!!
We can't afford QE.
And if they do QE 4 it is only a good short at the market top on that stimulation if the markets dont respond and only fall harder on the news of QE.
But u know we are aiming for 300-350 debt to gdp ~ aren't we Kiki? So they can tax us to death as their ain't no getting that camel through the eye of a needle until the country is bankrupt!
The "recovery" Summer number six (???) begins...
QE is just another bullet in a dead horse.
Chinese elite watch in amazement.
USA is a third world nation.
You will disagree because you're insane.