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Kansas City Fed Survey Misses For 8th Straight Month - Flashes Recessionary Signal
The last two times the Kansas City Fed survey was this low, the US was in recession.The KC Fed survey has missed expected for eight straight months, falling to -9 in August from -7 (missing the -4 estimate). Across the board, underlying components were ugly with Shipments collapsing, Order backlogs echoing earlier surveys in demise, New Orders tumbling, and Prices received crashing.
But still the mainstream sees "no recession imminent"
Charts: Bloomberg
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But But But...I thought this was the greatest post recession recovery in history??
What's the big deal folks? My old macro textbook has a little graphic in there where the Fed dampens recessions by lowering interest rates and prevents overheating by lowering them. It's all gonna be just swell.
Stock Buybacks and lets build more inventory that we cant sell.....lets do it the Chinese way...build empty cities...
Over here, those empty cities would quickly be occupied by South American, African, Asian and Middle Eastern immigrants.
WHAT?!?!?!?! Lies. ALL lies, I tell you. I know this becasue the "news" is running non-stop stories 24/7 about the greatest stock market gain in centuries yesterday due to the Dear Leader Obama Recovery Summer Number Six®. This is the awesomest of all awesome "recoveries." People are without jobs becasue they like it that way. The "new normal." Oh, yeah... almost forgot: "Bush's fault..."
Praise be to Dear Leader.
Detroit is not a good example of your smoke.
Plenty of room for immigrants in Detroit.
Meet the Doctor.
https://www.youtube.com/watch?v=67IIRN9FfH4
I can fix it, but it would involve a debt jubilee, prime rate at 6%, and abolishment of the FED.
Is Yellen skipping Jackson Hole to get ready for Burning Man?
Yes she is but It's burning manKIND
I'm sure she has the"Restofus " some where in her heart.
In her language it's Burning Goy.
Oct 20 2015 reset complete
Sorry I don't believe real surveys and what I see with my own eyes.
I believe what FED chairs say and whatever CNBC flashes on the screen. I also believe that Amazon can go to $2000 a share while simultaneously losing over $1 billion because profits no longer matter.
Tesla can be the largest automobile maker in the world, by market cap, while selling less cars globally than Mitsubishi, who people say should just quit, sells in the US market.
EVERYTHING IS AWESOME!!!!!
1000 point dips can be laughed at as consequences of a computerized trading system because they can be remedied in minutes by the FED who has the back of the market protecting everyone's right to significant returns in the stock market.
20% per month for momentum stocks regardless of fundamentals is not only correct but the RIGHT of all shareholders.
Okay, put up a trumph front and you've got the deal.
Nonsense. The latest Newspeak dictionary doesn't contain the word "recession" therefore it can't happen.