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US Factory Orders Flash Recession Warning - Drop YoY For 10th Month In A Row
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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As I said in 2013, when QE3 announced, real economy would crater.
One solution only:
4% rates.
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.
NIRP would cause worldwide shut down of factories. WW4 would ensue, since right now we are under ww3
NIRP is coming, count on it.
never
I'll take that bet!
poet and don't know it
We all need to lose some weight anyway.
Expect a QE4 October surprise
now thats a chart!!! It will get real in 2016, I do still expect Santa Clause rally.
Welcome back...
Start up the helicopter
I like the image of the helicopter being loaded here:
http://news.goldseek.com/GoldSeek/1443707461.php
Best Black Friday EVA! Until 3:30
I can smell the RIP from here!
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.
Where is Obama? It is his disaster.
Obama is a disater for sure, but this outcome was inevitable long before him.
Remember when he was riding high this summer, with a streak of wins for his 'legacy'...?
1913 creation of Fed
1972 Nixon removed gold standard
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).
Washington has moved on.
"...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.....
Buy Liberty Bonds! Defend your country with dollars!
-WWI
things are still awesome. Ima call DOW 50000
"Orders dropped year-over-year - the longest streak outside of a recession in history."
Outside of a recession? Friday humor?
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.
Green by the end of the day....
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%..