6 Out Of 6 Fed Surveys Say US Is In Recession

Tyler Durden's picture

For the first time since 2009, all six major Fed regional activity surveys are in contraction territory. So, time to hike rates?

Charts: Bloomberg

This sums it all up nicely:

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Mark Mywords's picture
Mark Mywords (not verified) Sep 30, 2015 9:29 AM

Nope! NIRP!

Shocker's picture

Would say at least a recession is a fair statement

Layoff List: http://www.dailyjobcuts.com



ToSoft4Truth's picture

Those Layoff Lists really don’t make much sense.  Those people aren’t exactly ‘laid off’.  Their jobs are gone forever. 

TongueStun's picture
TongueStun (not verified) ToSoft4Truth Sep 30, 2015 10:05 AM

Those surveys are raycessists

pods's picture

Think they are going to have to add in surveys to make things look better.

Or maybe just insert "not" into the next press release.

It's all made up anyways. Fuck it.

We have been in a paper depression for 15 years.  Why not go full retard?


Oracle 911's picture

Obozo on UN: The US is the strongest.

LowerSlowerDelaware_LSD's picture
LowerSlowerDelaware_LSD (not verified) Oracle 911 Sep 30, 2015 11:05 AM

Hey... No other country's government has been as strong for Bruce Jenner as the U.S.  Obama be teller of truth here. 

Strongest welfare and food stamp enrollment as well.

KnuckleDragger-X's picture

The regionals need lessons from the Eccles bldg. on how to write a "good" report.....

Oldballplayer's picture

In the past week, three friends of mine have lost their jobs.

One through a merger, where the 15 year employee lost out.

One, a 59 year old, experienced HVAC tech loses his job because after 100 years in the business the company is folding.

The last one, a 62 woman, a mid level executive--another victim of a merger who was leg go the day after she told her bosses she had breast cancer. 


Never in my life have I seen "good" employees get whacked like this.


pods's picture

That sucks.  If you can be replaced by a machine or an immigrant your days are numbered.

Happening everywhere though.

The HVAC tech has the best shot.  Big money there if you roll solo or can field a team of mexicans.


847328_3527's picture
Los Angeles home to the largest population of homeless residents: The cost of Rental Armageddon leads to L.A. having 20,000 homeless residents.


Many people think of the homeless in Los Angeles as being confined merely to Skid Row.  Skid Row is the designated area in Downtown Los Angeles populated by many homeless residents.  However, there is now growing homeless populations in Venice, Studio City, Highland Park, and Santa Monica.  The challenge of course is the reality that rents are outpacing any real income gains.


I'm gonna have to file this article in the Bullish category unless there are any objections.

BandGap's picture

That's for their patients that chew gum.

How can we be in a recession with unemployment at 5.1%? Unpossible.

Gilnut's picture

Exactly.......and we're not in recession until CBS, FOX, NBC, et. al. SAY we are. Dammit!!!   Pay Attention here! 

NoDebt's picture

None of us will live long enough to see the next officially declared recession.

Sages wife's picture

Here in canada we have only a technical recession. So we're OK.

Gilnut's picture

"Here in canada we have only a technical recession. So we're OK."


Is that like being "almost pregnant"?  Just wondering.  :)

random999's picture

technical pregnancy, you can still do that coke a bit more. It wont make a difference, probably. What do you think? Now where is that QE?

ThirteenthFloor's picture

The "new" definition of recession:

"When there's not enough for the 0.1% to steal, recession shall no longer refer to the common man."

Gilnut's picture

Maybe that's where the term "technical recession" comes from?   The plebes are already decimated, and the .01% are making less profits on their stolen loots.

Osmium's picture

Good thing recessions don't affect the "markets"

arbwhore's picture

The Fed does not get to say when rates go up, the market does. Look at gold get smacked... $1112.

LoneStarHog's picture

"Pffft...Who cares about Fed Surveys...Nothing but propaganda?" - Janet Yellen

Panafrican Funktron Robot's picture

The "real economy" still factors in to the GDP assessment, but there's other stuff in there too, like .gov spending and "double plus good" revision strategies that could make an "actual" recession merely look like slow growth.

ThirteenthFloor's picture

6 out of 6 fed surveys have Yellin's finger less than one inch from the print button.

Arnold's picture

I hear gas turbines winding up.


Black Hawks just don't have the comforting  wappa wappa wappa that the Hueys had.

Hal n back's picture

Amazon can same day deliver via drones

pods's picture

Don't hold you breath about a money drop from a helicopter.

You have a better chance of them dropping hellfire missiles than currency.

Remember, someone has to borrow that currency before it comes into existence.

Unless you think the FED would slit it's own throat by actually printing currency not balanced by debt.

As Mako (Landofthefree) said, the helicopters are not coming.


_ConanTheLibertarian_'s picture

They should sell bombs and have them drone dropped at the stated shipping address. That would be very confinient.

Nobody For President's picture

Arnold brother, you got that one right. Check out the first four minutes of this one:


I suspect you may have sat through a few of these startups back in the day...

Crash Overide's picture

If you need a FED survey to figure out the score it's already too late for you...

Hedge accordingly.

Jim in MN's picture


This entire policy arc has been a disaster.  No productive capital formation can take place under ZIRP/QE.

End it. 

LoneStarHog's picture

It can no longer be "ended" without literally blowing up the golbal economic system, which will occur naturally.

lasvegaspersona's picture

truest thing i have read on these pages..

Omen IV's picture

"This entire policy arc has been a disaster"


Not just Fed Policy but look at every single Government Track: Diplomacy? / Military? / Labor? / DOJ? / Municipal? / Drug Pricing Policy?/ etc etc etc



Dr. Engali's picture

100 out of 100 survey of Hedgers say we are still in a depression.

NoDebt's picture

You just can't see the bread lines this time around.

Bay Area Guy's picture

The bread lines are seen in the graph of food stamp recipients. It's the 21st century equivalent of the soup kitchen.

NoDebt's picture

How many people have ever seen that graph if they aren't on ZH?

How many people would even know what a graph is if they saw one?

Dr. Engali's picture

Isn't a graph one of those long necked animals at the zoo?



TongueStun's picture
TongueStun (not verified) Dr. Engali Sep 30, 2015 10:07 AM

that raycessists

Scooby Dooby Doo's picture

Hey TS. 'Bill of Rights' called you a stoopid yesterday in the Trump thread. You never called him out. Why? Don't let him call you that!

Nobody For President's picture

Damnit Doctor, I almost choked on that one, you SOB.

sleigher's picture



We are obviously in a down trend and things are improving.  You guys just can't see the big picture...