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Recession Watch - Industrial Output Growth Plunges To 5 Year Lows

Submitted by Tyler Durden on 07/15/2015 09:24 -0400

Industrial Production rose just 1.54% YoY, the weakest growth since Feb 2010 and flashing a major recessionary red light. Utilities were the biggest contributor, as Manufacturing output ended June unchanged (against expectations of a modest 0.1% rise), missing for the 2nd month in a row. Notably vehicle production tumbled 5.5% MoM. Not exactly the end to Q2 that GDP hockey-stick'rs will be wanting.

Worst industrial production growth since Feb 2010...

Worst manufacturing output growth since February...

Charts: Bloomberg

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Wed, 07/15/2015 - 09:27 | 6314867 bigkansas

What does this have to do whith Greece?

Wed, 07/15/2015 - 09:47 | 6314959 VinceFostersGhost

Just say YES WE CAN......and move on.

Wed, 07/15/2015 - 10:00 | 6315004 1000yrdstare

That bald fuck Cramer told me we are BOOOMING!! BUY STAWKS!!!

(should I stop listening to him? ...I still feel he may be able to help my portfolio.)

Wed, 07/15/2015 - 10:18 | 6315081 PTR

Cramer: Bernake, Wake UP

https://www.youtube.com/watch?v=rOVXh4xM-Ww

"HE HAS NO IDEA!!!!"

"MY PEOPLE HAVE BEEN IN THIS GAME FOR 25 YEARS!!!!"

"THEY'RE NUTS!!! THEY'RE NUTS!!!

THEY KNOW NOTHING!!!!!!"

Nothing like watching Jim Cramer losing his shit to make my morning.

Wed, 07/15/2015 - 10:41 | 6315182 Richard Chesler

Mr. Yellen may raise rates. Or not.

Wed, 07/15/2015 - 09:31 | 6314891 madcows

I dunno. That chart makes it look like it's right in the middle of all the other red and green blips. Nothing dramatic at all.

Wed, 07/15/2015 - 09:32 | 6314892 NoPension

I predict.....

Visa and MasterCard will set up those booths, with umbrellas and free bottled water.
Just North of the Mexican border. And start signing em up, as that cross into the Promised Land. USA, the land of milk and honey. Where the streets are paved with gold.
And everyone deserves a new F150, I-phone and a leaf blower.
Leaf blower....haha....so passé.
Retire now, motherfucker...and enjoy a couple years.

Wed, 07/15/2015 - 09:35 | 6314900 FreeShitter

The only snow in July is the illegal kind......

Wed, 07/15/2015 - 09:35 | 6314902 wmbz

"Notably vehicle production tumbled"

No problem, all car makers should just send their crappy cars to China and let them stack up over there.

Gubmint Motors does!

Wed, 07/15/2015 - 09:37 | 6314911 yogibear

Keep pulling demand forward with debt. Until you run out of borrowers.

More bankster desperation to fill every nook and cranny with debt.

Wed, 07/15/2015 - 09:47 | 6314958 Rainman

yup ..... over 44% of Amurikans need subprime auto financing.

http://dealers.americredit.com/product-offerings/subprime-auto-loans.aspx

Wed, 07/15/2015 - 10:46 | 6315210 corporatewhore

this is so true. one of my coworkers just went belly up and declared ch 7. they went car shopping not more than 1 day after and got financed. I could live in this car and not rent. has leather, tv, etc.

Wed, 07/15/2015 - 09:44 | 6314937 JustObserving

Yellen will fix this by raising rates in September.

If Yellen speakss the truth, it is only by mistake.

Wed, 07/15/2015 - 09:55 | 6314990 Unknown Poster

She needs to raise rates, so she can cut them later. Isn't that the punchline?

Wed, 07/15/2015 - 09:47 | 6314956 ajkreider

Did the Feb 2010 number signal recession?

Wed, 07/15/2015 - 09:52 | 6314977 A_latvian

So... BULLISH!

Wed, 07/15/2015 - 09:53 | 6314981 corporatewhore

There was no recovery except through manipulated statistics. For many it was a depression and continues as such. You can only have a recession if you believed the manipulated statistics.

Wed, 07/15/2015 - 09:54 | 6314986 Kolchak

Recession Watch

Is that anything like hospice for a 120 year old?

Give me a break, we passed recession a longggggggggggggg time ago and have entered bizarroville depression, you know the one where all the talking heads say it's still awesome as we go over the cliff.

Wed, 07/15/2015 - 10:00 | 6315006 Winston Churchill

Holding hands and singing Kumbaia.

Wed, 07/15/2015 - 10:03 | 6315015 1000yrdstare

^^^ The "Night Stalker" FTW! ^^^^

Wed, 07/15/2015 - 10:08 | 6315039 B2u

Time to leverage my stocks. How about 20-1?

Wed, 07/15/2015 - 10:12 | 6315059 Laddie

Recession? What recession times are GOOD...if you aren't White that is...

ALL job growth since 2000 was taken by immigrants:
http://cis.org/all-employment-growth-since-2000-went-to-immigrants

English-only speakers need not apply in Charlotte

But not surprisingly Ms ADAMSON has a job...just NO WHITES need apply. I was talking a few years ago with a blonde blue-eyed young woman who had applied for a government job in a city and was told by the Latina making the decisions that she had to be BI-LINGUAL, well the young White woman answered her in fluent spanish as she was a Returned Missionary for a certain church, then the Latina GLOWERING at her said: "YOU MUST BE BI-CULTURAL" and closed the interview. Oh yes, this is the America our grandparents, or parents fought and killed their White brothers for in World War II, to make the world safe for the Tribe. And here is your THANKS:

LINK TO PHOTO of Ms Adamson

Community career fair seeks people fluent in more than English
Friday event viewed as part of Charlotte’s changing needs
City has growing immigrant population, seeking work

Erin Adamson, right, workforce coordinator for the Latin-American Coalition center assists a client with job related services. The center assists immigrants with resumes, job applications and mock interviews. | T. Ortega Gaines

In yet another sign of Charlotte’s growing immigrant workforce, a new kind of job fair is being held Friday, to recruit only people who speak more than one language.

Organizers believe it may be the first of many to come.

The Bilingual Customer Service Career Fair at the Latin American Coalition on Central Avenue will include such employers as Verizon, Chipotle, Goodwill and the Charlotte Hornets interviewing people for potential jobs.

Coalition officials say the idea for the fair grew from increased demand in the community for people who are bilingual, particularly those who speak Spanish and English.

The job fair comes at a time when recent U.S. Census Bureau data shows Mecklenburg County’s Hispanic growth rate continues to boom. The non-white Hispanic population grew 14.8 percent between 2010 and last year, more than double the white growth rate. Hispanics are now 12.7 percent of the county’s population, an estimated 128,473 people among 1.01 million residents.

Wed, 07/15/2015 - 10:56 | 6315241 Hongcha

Commodities are tumbling across the board. Clearly China, by far the big buyer the past 15 years, is deleveraging. I am standing back and watching it drop. They may not bottom for a while. Don't try to catch the knife as it falls.

Wed, 07/15/2015 - 11:14 | 6315343 BoPeople

How is that measured? Units or dollars? We know that inflation is reported, so must likely real industrial production is negative and has been for some time.

Wed, 07/15/2015 - 11:50 | 6315496 Dixie Flatline

The regulatory bureaus have absolutely mushgroomed over the past 7 years. Everyu line of rules they write is a tax on conducting business.

Recession Watch - Industrial Output Growth Plunges To 5 Year Lows

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