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"The Quantitative Easing Hangover Is Starting" - Dallas Fed Dead-Cat-Bounce Collapses To Post-2009 Recession Lows
With the biggest miss sicne April 2013, Dallas Fed's 2-month dead-cat-bounce has collapsed to -15.8 (against expectations of -4.0). This is practically the weakest level for the manufacturing index since 2009. The entire report is a disaster - Fisher's exit seems well timed? - as New Orders crash from +0.7 to -12.5 and Pries Paid craters from +0.1 to -8.0.Even worse, 14 of the 15 'hope' indicators declined and as one respondent warned "the quantitative easing hangover is starting." We have 3 simple words - "not unequivocally good."
Worse!
Under the surface the responses were really ugly, with 14 out of 15 forward-looking indicators all hinting at contraction.
Here are the best survey responses:
- "The quantitative easing hangover is starting."
- Overall business is slowing.
- " New orders have dropped to half of what they were last year. Capital project equipment continues to be sourced in China and Korea as the owners are chasing every dollar of savings possible. We had our first layoff in 15 years."
- "Oil and gas prices, weather, world outlook and politics make for a poor forecast"
- "All our time is spent complying with increasing government regulations."
- "The strong dollar has significantly impacted our export business. We have balanced this with domestic growth."
- " We are deeply concerned about the markets and the effects they are having globally"
- " The interest in manufacturing has increased; however, the orders have not followed."
- " The continued decline in the West Texas Intermediate crude oil price is expected to soften the demand for our basic fabricated products"
- " August will be our worst production and delivery month since March 2014."
Charts: Bloomberg
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SHHH!!!!! Don't you have common courtesy? Please! Don't disturb the dip-buyers.
Dip buyer.
http://finance.yahoo.com/news/gartman-im-confused-still-buying-111743434.html#
"...Followed by millions of dumbfounded DIP-shits.
Some say the end is near.
Some say we'll see armageddon soon.
I certainly hope we will cuz
I sure could use a vacation from this
Silly shit, stupid shit..."
TOOL!!! lol
we are all greeks now
We emptied the wallet of some Folks. No more cash to buy.
Lol.......... This is probably a good time to start normalizing rates. Quick question; If the markets never set the rates in the first place, how do we know where normalized is?
Terrist. Do not question your betters.
I'll be right back, there are some nice young men dressed in black at the door.........
Brooks Bros. armored vest ?
Jehovah Witnesses?
Yeah 'normalization' is you shutting your pie hole and not asking that question. Your job is to be managed by career Parasites.
normalized is the rate that exists when the FED doesn't exist
Bah, it'll be fine. You'll see.
I don't have money for anything except taxes and Obamacare.
It's unseemly to brag about your wealth.
QE Hangover? Is it too late for Fischer to beat a raw egg, add to freshly-fizzing Alka-Seltzer with a few drops of Tabasco, while the rest of us reach for the ipecac?
If everyone would just rush out to the malls and big stores and start buying shit, everything will be fine.
Right?
Wrong. The government strips away 40% of the profits from small businesses in the form of taxes. There is no seed corn: it's been confiscated and re-distributed to "entitlements". Next up: starvation and empty shelves.
I just bought some socks.
Your turn.
I bought some Scotch.
I am helping two economies.... But finished it before reaching the cash register, where I put it on a credit card. Must help the Bnksters....
Fed & Obama pretending until you get to the election isnt going to be possible - game is coming in fast - cant control the false reporting of all the metrics - people are wising up to the manipulation
Someone explain to me, an economic idiot, why the gdp is so high then
random number generator
Same reason the unemployment rate is low...
Where the hell is The Goldman Swirlogram?
We have the worst of both worlds, especially in energy, thanks to government. The huge deflationary wave that SHOULD be boosting both the demand for energy and real purchasing power as a result of the collapse in prices is PROHIBITED from flowing through to the average Joe by the bankers and bureaucrats. We must have 2% inflation to protect THEIR JOBS!
I have a pond out at the back of my property and an alligator lives in it. The pond is drying out, and that son of a bitch is gettin' really mean.
But Rick Perry is Governor. This report must be liberal BS!
#deadcatbounce