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US Factory Orders Flash Recession Warning - Drop YoY For 10th Month In A Row

Tyler Durden's picture




 

For the 10th month in a row, US Factory Orders dropped year-over-year - the longest streak outside of a recession in history. Against expectations of a 1.2% decline MoM, August dropped 1.7% which is the worst MoM drop since Dec 2014, with a 24% drop MoM in defense new orders and capital goods. Most worrying however is the rise in the inventories-to-shipments ratio once again to cycle highs after a hopeful dip lower in July.

 

 

RECESSION!!!!

 

Charts: Bloomberg

 

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Fri, 10/02/2015 - 10:05 | 6620455 kotfare17
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As I said in 2013, when QE3 announced, real economy would crater.

 

One solution only:

 

4% rates.

Fri, 10/02/2015 - 10:08 | 6620474 Dr. Engali
Dr. Engali's picture

4% rates..., now that's funny. I'm all for imploding the system, which is what 4% rates would do, but TPTB are trying to hold on to the status quo which is why we will see NIRP before we are through.

Fri, 10/02/2015 - 10:11 | 6620493 kotfare17
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NIRP would cause worldwide shut down of factories. WW4 would ensue, since right now we are under ww3

Fri, 10/02/2015 - 10:13 | 6620512 Dr. Engali
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NIRP is coming, count on it.

Fri, 10/02/2015 - 10:14 | 6620518 kotfare17
kotfare17's picture

never

Fri, 10/02/2015 - 10:26 | 6620614 Colonel Klink
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I'll take that bet!

Fri, 10/02/2015 - 11:03 | 6620837 codecode
codecode's picture

poet and don't know it

Fri, 10/02/2015 - 10:12 | 6620495 two hoots
two hoots's picture

We all need to lose some weight anyway.

Fri, 10/02/2015 - 10:38 | 6620687 firstdivision
firstdivision's picture

Expect a QE4 October surprise

Fri, 10/02/2015 - 10:41 | 6620703 Mr.Sono
Mr.Sono's picture

now thats a chart!!! It will get real in 2016, I do still expect Santa Clause rally.

Fri, 10/02/2015 - 10:44 | 6620715 3rdWorldTrillionaire
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Welcome back...

Fri, 10/02/2015 - 10:06 | 6620458 Martial
Martial's picture

Start up the helicopter

Fri, 10/02/2015 - 10:09 | 6620475 RadioFlyer
RadioFlyer's picture

I like the image of the helicopter being loaded here:

 

http://news.goldseek.com/GoldSeek/1443707461.php

 

Fri, 10/02/2015 - 10:06 | 6620461 stant
stant's picture

Best Black Friday EVA! Until 3:30

Fri, 10/02/2015 - 10:07 | 6620467 RadioFlyer
RadioFlyer's picture

I can smell the RIP from here!

Fri, 10/02/2015 - 10:14 | 6620513 JoeySandwiches
JoeySandwiches's picture

I hope we get one of those illusive 3:30 pm dumps that have been making more appearances lately.

Wouldn't surprise me if we can somehow manage to fall far enough below 16k again.

Fri, 10/02/2015 - 10:08 | 6620472 Gatos Locos
Gatos Locos's picture

Where is Obama?  It is his disaster.

Fri, 10/02/2015 - 10:10 | 6620482 Dr. Engali
Dr. Engali's picture

Obama is a disater for sure, but this outcome was inevitable long before him.

Fri, 10/02/2015 - 10:18 | 6620546 Consuelo
Consuelo's picture

Remember when he was riding high this summer, with a streak of wins for his 'legacy'...?  

Fri, 10/02/2015 - 10:37 | 6620678 RighteousDude
RighteousDude's picture

1913 creation of Fed

1972 Nixon removed gold standard

Fri, 10/02/2015 - 10:10 | 6620481 Not if_ But When
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Anyone who is not a FUCKING RETARD should realize our economy is further breaking down while we spend all the money on domestic spying & security, Middle East war mongering, financial engineering, shoveling money to the .01-1% & financial industry, etc, etc, etc.  (and you gotta print money out of thin air to spend it and meet the FED's #1 goal of creating more debt - it serves their masters).

Fri, 10/02/2015 - 10:14 | 6620516 two hoots
two hoots's picture

Washington has moved on. 

Fri, 10/02/2015 - 10:16 | 6620531 Budnacho
Budnacho's picture

"...anyone who isn't a FUCKING RETARD...."

 

Suddenly, In Washington....Thousands of heads simultaneously lift up from desks as people are sure they just heard their name called.....

Fri, 10/02/2015 - 10:17 | 6620534 vq1
vq1's picture

Buy Liberty Bonds! Defend your country with dollars!

-WWI

Fri, 10/02/2015 - 10:12 | 6620499 _RRR_
_RRR_'s picture

things are still awesome. Ima call DOW 50000

Fri, 10/02/2015 - 10:23 | 6620592 mijev
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"Orders dropped year-over-year - the longest streak outside of a recession in history."

Outside of a recession? Friday humor?

Fri, 10/02/2015 - 10:29 | 6620637 Colonel Klink
Colonel Klink's picture

Fuck consumerism.  Spend as little as possible while enjoying a debt free, simple exisistance.  If more people did this we'd finally crater the shit show, try and hang a bunch of people, then get on with a real recovery.

Fri, 10/02/2015 - 11:08 | 6620864 Thisisbullishright
Thisisbullishright's picture

Green by the end of the day....

 

Fri, 10/02/2015 - 21:43 | 6623611 rjs
rjs's picture

one problem, though.... there is a major-screwup with the August M3 Full Release...the totals for new orders for non-durable goods and shipments of non-durable goods are identical, ie, all the amounts for June, July, August and year to date are identical, as are the percentage changes shown…those numbers are then carried through to the totals....
see tables 1 & 2:
http://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf
i downloaded the excel files for both and they also showed non-durable data to be identical…i called the Census bureau unit before 5PM and left a message notifying them of this error, but apparently they’d all gone home…
i suspect the error is with the new orders, but it’s hard to tell, since the monthly $ difference between orders and shipments has been less than 1%..

 

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