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Is This Why The Dollar Is Sliding?

Tyler Durden's picture




 

Stocks, bond yields, and the Dollar suddenly started dropping right as The Fed unveiled its revisions for industrial production and capacity utlization.

 

Already at weak levels, both were revised notably lower, slowing the market's rate-hike expectations and stalling any hope that the recovery is gathering pace.

Judging by the chart below, the June payrolls report was right: snowfall in the summer was indeed much worse than most remember.

 

 

Which begs the question: after double-seasonally adjusted GDP numbers is "Toshiba-adjusted" GDP coming next?

 

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Tue, 07/21/2015 - 10:22 | 6336815 Dr. Engali
Dr. Engali's picture

Raise rates. Bwhahahahahahahahahahahahahahahahaha........

 

 

Hahahahahahahahahahahahaha..........

 

Shit, I just pissed myself.

Tue, 07/21/2015 - 10:26 | 6336843 aliki
aliki's picture

dr. – between weak retail sales, EM currencies imploding in anticipation, oil plunging, gold caving, copper & other currencies getting slammed, (oh and global debt levels at $200 trillion & growing), quite simply, they’re in box. she’s f’d either way. if she doesn’t raise, all the long-only cheerleaders wake-up to the fact that she has no credibility. If she raises rates, she will outright break shit. the USD is & always has been the wrecking-ball to be. if she unleashes the USD, the only thing that they still have in their favor of this reflation-trade (stock market) will get waxed. only a matter of “when” this frankenstein market wakes-up off the table & the only question is does she throw the switch or does she punt & wait til the market does it for her. my guess is she does nothing and just prays this thing stays glued together. ever since we’ve been off the gold standard, we have a crash every 8 years. I think we are somewhere in-between years 6 & 7 so she might squeeze a little more time out of this sucker. im liquid in-front of it – as carl ichan said last week, don’t wait til the last juice is out of the tape. its ok/good/healthy to leave some meat on the bone for the guy who your selling too. always better to be unloading early into green and not slamming bids in the red.

Tue, 07/21/2015 - 10:42 | 6336913 Creepy A. Cracker
Creepy A. Cracker's picture

"the recovery"

BWAAAaaaaaaaaa, haaaaaaa, haaaaa, haaaa, haaaa...  Oh... Cracks me up every time.

Tue, 07/21/2015 - 10:29 | 6336856 semperfi
semperfi's picture

raise "threats"

raise "scare-mongering"

raise "fear"

the only tools the Fed has left

Tue, 07/21/2015 - 11:43 | 6337229 KnuckleDragger-X
KnuckleDragger-X's picture

That's not sliding, that's skating on very thin ice, but don't worry, this time is different.......

Tue, 07/21/2015 - 10:17 | 6336817 order66
order66's picture

"Everything's awesome." Drink.

Tue, 07/21/2015 - 11:44 | 6337234 KnuckleDragger-X
KnuckleDragger-X's picture

That's my retirement plan as I watch the world burn......

Tue, 07/21/2015 - 10:18 | 6336820 BennyBoy
BennyBoy's picture

Long red line.

Tue, 07/21/2015 - 10:19 | 6336824 MortimerDuke
MortimerDuke's picture

So Bullard's probability of a September rate hike is now...over 60%?

Tue, 07/21/2015 - 10:28 | 6336848 Cold-Pragmatism
Cold-Pragmatism's picture

I told you so, no FED hike!

You don't have to be a genius, just be cold and pragmatic.

No rate hikes, this year, or next, actually who knows if rates will ever go up again!

DOW 100,000 HERE WE COME!

The Roaring 20's are coming back again!

Tue, 07/21/2015 - 10:29 | 6336851 EhKnowKneeMass
EhKnowKneeMass's picture

Can we zoom in a little bit more to show the enormity of collapse in S&P and the USD index?

Tue, 07/21/2015 - 10:48 | 6336853 boattrash
boattrash's picture

Shocked I tell ya! The U.S. has enough manufacturing infrastructure sitting idle, collecting dust and rust, to employ every under/unemployed person in this country. FFS

Tue, 07/21/2015 - 10:29 | 6336855 quasi_verbatim
quasi_verbatim's picture

...the recovery is gathering pace.

Never write anything you are accustomed to see in print.

 - George Orwell.

Tue, 07/21/2015 - 10:30 | 6336858 dimwitted economist
dimwitted economist's picture

gas is down... been dropping since July the 2end here.

Tue, 07/21/2015 - 10:32 | 6336866 BearTrap
BearTrap's picture

Looks like bottom to me.

Tue, 07/21/2015 - 10:35 | 6336872 moneybots
moneybots's picture

"Judging by the chart below, the June payrolls report was right: snowfall in the summar was indeed much worse than most remember."

 

Sydney Australia just had their first snow since 1836.

Tue, 07/21/2015 - 10:38 | 6336887 EhKnowKneeMass
EhKnowKneeMass's picture

That's not snow, actually. It is residues from the "collapse" of the Chinese stock market.

Tue, 07/21/2015 - 10:43 | 6336923 swass
swass's picture

Clearly a hockey stick recovery.

Tue, 07/21/2015 - 10:46 | 6336942 Tribulation Blues
Tribulation Blues's picture

There is crash coming... from an asteroid! Read the Lord's sobering warning to prophet Linda Newkirk about the incoming space rock, it is very sobering! http://revelation12.ca

Tue, 07/21/2015 - 10:59 | 6336993 autofixer
autofixer's picture

Be careful, General Clark will demand that you be interned throughout the duration of the economic crisis! 

Tue, 07/21/2015 - 12:07 | 6337342 joseJimenez
joseJimenez's picture

YEAH!  He wants to send you to one of them there internet camps.

Tue, 07/21/2015 - 11:01 | 6337016 Consuelo
Consuelo's picture

The city planning departments (Bay Area CA) are swamped...    I use this rather anecdotal metric as somewhat of a guide/canary-in-a-$debt-mine.   If anything is a 'lagging indicator', it is city inspector coming out to stamp a project near completion, that has been built on cheap money and caught up in the fad-cycle of hiring & building that is nearing its end.

Tue, 07/21/2015 - 11:03 | 6337033 Omega_Man
Omega_Man's picture

Quick, raise rates for a month, Drive it up... Greece is on sale!! 

Tue, 07/21/2015 - 12:25 | 6337418 Vin
Vin's picture

Hello, the dollar isn't sliding yet.  Patience.

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