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Philly Fed Bounces But Employment Plunges & Costs Soar By Most In 42 Years!
After 6 months of dismal data, Philly Fed bounced back in June. Printing at 15.2 against expectations of 8.17. this is the biggest beat of the year but remains below levels seen over a year ago. Tis will be celebrated we are sure as heralded Yellen's big comeback but under the covers, employment tumbled and Prices-Paid exploded higher by the most since 1973...crushing margins - hardly a sign of strength.
A bounce but some context shows it not so exuberant...
The breakdown is mixed...
Prices Paid spiked by the most since 1973!!!
Crushing Margins...
Charts: Bloomberg
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Can you believe any of the numbers that the Fed provides?
Why waste time with fictional numbers?
Lying dreamers
"Comrades! Good news! The chocolate ration has been increased to 20 grams a week...!"
Numbers can be a precise tool or a giant fog generator. I'm making a guess that dense fog will be in our future.....
Strange Yellen's comments are the day before the CPI/Jobs/Philly? Think she gets a pre-release for her comments to sound wise/thoughtful? The Chair (Yellen) speaks on the day before this data 3 of 4 times this year. Sept she speaks on the day of the release.
Good God. Look at the 6 months from now numbers! Talk about optimism . . . .
My six month look ahead:
https://www.google.com/search?q=christmas+season+2015&biw=1274&bih=640&t...
There may be some pain in the meantime.
My six month from now projections for business at work are about 180 degrees from that. Does that make me a pessimist or a realist?
Western c/b's will all extinguish in the next few years. Supranational Carbon Bank owned by the current c/b owners will take over the world. THE ONE BANK with tentacles in every country controlling everything not just finance.
The world is being conned bigtime. Call this on Jeckle Island on steroids. Time to wake up and smell some fresh air before it becomes too expensive.
Even the Pope has been brougt on board. He should have taken the name Urban XIX
Does this mean inflation has finally arrived? My rent, phone, and utility rates all went up within a week. Gas is back up while oil contracts are down (?).
It kinda smells like inflation has begun.
Your assessment will be taken under advisement and discarded.
--Y
I am single no wife kids or even pet live around 23 miles northwest of boston. I can barely survive on around $4200 Net a month. It is especially Worse with all the consumerism especially by these 20 something's -I am in my late 30s thrown in your face. These kids have never had to pay federal or state taxes which are nothing but a black hole supporting minorities who Pop out out of wedlock kids
Sounds like you make too much and need to pay moar taxes /sarc.
Just because all of your bills are going up does not mean there is inflation. Just look at the CPI number. Any inflation you are experiencing is made up in your head..../sarc
Inflation started the first fiat dollar printed because that's all it's built to do. In the meanwhile BtiCoin is trading much stronger against the USD/Euro pair and there's actually a real economy there with people buying and sell stuff and services all over theworld. You can watch the rest of the world eat the western world's lunch live by migrating fiat into BitCoin and the real time transactions involved. More specifically China has been eating everyone's lunch.
http://fiatleak.com/
....-sniff sniff- smell that? I think I know who my future business partners are going to be. Gotta a feeling they are going to be very lucky in the future.
It's all true. Now raise interest rates.
It is true. But there's a cost.
To correct this mess, interest rates would have to be pinned at around 140% for around 100 years to make up the losses for over 110 years with the knife of negative interest rates for the past 11 years in combination with the poorly disguised inflation twisting in their backs. Put a fine layer of international political involvement that's left enemies in every corner of the world. It spells out one thing. The USA game is over. Finished. A complete failure. There is no USA anymore, it's gone. Has been over for a long time. All the USA's got left is debt, parasites and enemies. Friendless debt junkies is a good indication that it's over.
Everyone should get over it and move along to the migration point of BitCoin so this goes smoother for them while things get sorted out.
Seems like Philly pulled one of these out one of their ass moves about 6 months ago. They seem to alternate with Chicago for one off the charts performance that is flogged into a big market run up then they have a series of crappy follow up months that totally de-legitimize the outlier....but no worries the ramp up still has legs. The theatre of the ABSURD will open its next act at any required point. Truth has no (or very few at best) friends at the Federal Government level anymore. The States are the only hope at his point and at that not very many are in shape to do it.
Whole thing is circling the drain at record speed. The wiff of desperation is now a noxious cloud gaining size in exponential fashion.....