This page has been archived and commenting is disabled.
Factory Orders Scream Recession, Drop 6% From Year Ago In Sixth Consecutive Drop
Following this morning's disappointing tumble in ISM New York (with 5 of the 6 components plunging), Factory Orders tumbled 0.4% MoM in April (against expectations of a modest 0.1% decline). This comes after March's exuberance-inspiring upwardly revised 2.2% MoM surge (which ended a 7 month streak of MoM drops). Down 6.4% against 2014, this is the 6th month in a row of YoY declines in Factory Orders - something not seen previously outside of a recession. Stocks love this terrible news (for now).
Here's what we said going in...
NY ISM not bad enough to support stocks. Factory orders will have to be really ugly
— zerohedge (@zerohedge) June 2, 2015
And sure enough, it was dismal....
Recession?
On a MoM basis, the picture is even worse... 9 misses in the last 10 months... 8 negative prints in the last 9 months
Charts: Bloomberg
»
- 16132 reads
- Printer-friendly version
- Send to friend
- advertisements -
Don't call it a comeback.
Don't call it a recession either...evidently.
Yep, we should all get used to stuff like this because none of us will live long enough to see the next officially declared recession.
The authorities don't declare one until it's over so, it could be a while.
I am not worried we have Janet Yellen she can fix it with monetary ploicy. Do I smell QE#4? I think I do.
I think those factory orders need a bit more "seasoning" to be just right.
pods
We still have factories? Huh! Didn't know.
I highly doubt it means a recession is starting
Moar like a fucking epic massive crushing deflationary depression.
That's all.
yep its not a recession, its the american spring!
knock knock, see you guys in guatemala!
The problem is not enough warehouses, so we need to contract with the Chinese for some of their magic bonded warehouses. That way we can rehypothocate our way to prosperity........
Recovery is right around the corner! He's dressed in a cute teddy with 9 inch spikes and assless chaps. He's just waiting to surprise somebody. Mr. Yellen was surprised earlier this morning, and said it was great!
"Don't call it a recession either...evidently."
None dare call it Depression.
For ousted NBC News anchor Brian Williams, it has been a recession. Will he take a paycut to get part of his salary back for the balance of his contract or will he lawyer up? We should know soon.
Don't call it a comeback
Recession's been here for years
Rockin my shares and puttin suckas in fear
Makin the tears rain down like a MON-soon
Listen to the money printers go BOOM
Explosion, overpowerin (not)
Over the FED, Nobody's towerin
Wreckin shop, when BES drop these stats that'll make you call the cops
Don't you dare stare, you betta move (to an island)
Don't ever compare
CBs to the rest that'll all get sliced and diced
Average citizen's payin the price
FED'S GONNA KNOCK YOU OUT!!!
Just in time to cancel the Fed interest rate increase they were never going to implement in the first place. It is quite evident Fed monetary policy is just another psyops.
<The Fed gives great oral stimulation though.>
It's the golden age of central bank engineering
There will be no more recessions. EVER.
Officially declared ones, no. We've seen the last of those.
'They' will only 'declare' a recession when it can safely be declared as 'over' and in the rear view mirror.
They can only declare a crisis exists once they firmly have a response crafted that meets THEIR needs. Everything must serve a purpose and crisis is far to valuable to waste, especially one deliberately created for cause.
Yeah, and only terrristsss use that word.
Just lie and do ever larger amounts of QE is the plan.
QE4 will be $150 billion/month?
George Soros, owner of US government, just ordered the US to supply tens of billions of dollars of arms to Ukraine. So factory orders can only rebound.
Besides, all US economic statistics are fabricated to keep the dollar strong. Who cares for reality when fraud is the only operating principle in the land of the free?
Lie and pretend so everyone believes everything is bullish. So it is.
Dont need factory orders as long as the ranks of the Free Shit Army continue to grow.
Factory orders scream depression since we don't have any more.
There, fixed that one for you Tyler.
Currency wars.
Teacher. Teacher. I have a question?
No not that.
How bout we build an industry by going after bankers, arresting them, and converting the entire financial system over to a publicly owned and operated, open source fincnacial system. Then use the money to replace government with open source software.
Open source....sounds so free. Of course I would still have zero access to its fundamentals, no control by anyone other than the elite who would create it. Like Obamacare, we would likely have to build it to find out what's in it.
It will be called a recession after the next election and the new leader is in charge....he/she will call it a recession to make sure they look good in the end....start low and hope for better...but it seems that everyone is buying a car...with a 8 year car loan...that makes sense....sure...no under water cars coming up on that deal....I hope they are buying a car they can live in....
"remain calm all is well"
I take it the 4 factories left in America aren't doing so hot?
Bad news is bullish! Moar bad news!!!
Down 6%?? But, but, what about all those factories coming back from China? Maybe they're not actually making things? Or still in "green shoots" stage or, like derivatives, just mirror images of the real thing?
Economics is puzzling....
Don't worry! A few seasonal adjustments and the economy will be on fire again. It's all about perspective.
It would appear this news may be bad enough to push the indexes into positive territory for the day.
Better buy fella's. Below 18. We've seen this movie many times....
BUY!
Don't forget, McDonalds is part of the industrial complex. We all know their sales are down. Does that account for the drop in factory orders? Eat moar hamburgers!!
Once bullshit has been reclassified as a manufactured product, America again will reclaim its place as the worlds leading manufacturing nation.
Shemitah at work. Looking forward to Elul 29. One hell of a ride!
Did I Rip Van Winkle and miss the end of the six year long depression...?
30 year car, furniture, appliance loans in 3 2 1