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Chicago Fed National Activity Stagnates At 20-Month Lows

Tyler Durden's picture




 

With a very modest rise from -0.39 to -0.37, The Chicago Fed National Activity Index is holding at its lowest since January 2014's weather-blamed collapse. September's negative print is the 7th (of 9) this year, the worst grouping since 2012. For the first time since June, the 3-month average (which most watch) has dropped negative again. This merely confirms the six-out-of-six regional fed surveys that shout recession.

Recovery?

 

Charts: Bloomberg

 

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Thu, 10/22/2015 - 08:49 | 6697829 JerseyJoe
JerseyJoe's picture

Time for the Hobbit to talk up raising rates?   Hmmmmm.    Don't think so. 

What's a Yellen to do?   ZZZZZZIRP...

Thu, 10/22/2015 - 08:50 | 6697835 TideFighter
TideFighter's picture

Another now wortthless data point. 

Thu, 10/22/2015 - 08:54 | 6697852 JerseyJoe
JerseyJoe's picture

Perhaps but if it loads Yellen's NIRP gun...watch out.   There will be a war on cash.  Count on it.  So if cash can't be an emergency stash against banksterism...enter gold and silver to the rescue.  

Thu, 10/22/2015 - 08:52 | 6697844 Groundhog Day
Groundhog Day's picture

well when cities stagnate the thing to do id have government spend even more to get the economy going again

 

Krudtard

Thu, 10/22/2015 - 08:57 | 6697864 JerseyJoe
JerseyJoe's picture

or let the Gimme Dats riot and break windows - instant Keynesian job creation.    Food stamps stimulate the economy - don't cha know... so do wars...Nancy.  

Thu, 10/22/2015 - 08:55 | 6697857 Oldballplayer
Oldballplayer's picture

But its better than last month.  Was there a world before last month?  My attention span is pretty

 

Did you see that shiney thing over there?

Thu, 10/22/2015 - 08:56 | 6697860 buzzsaw99
buzzsaw99's picture

give the maggots another bonus. that'll fix it. /s

Thu, 10/22/2015 - 09:01 | 6697879 yogibear
yogibear's picture

Maybe chairman Obama's Department of Educattion can renamed the department of Re-education and make it manditory for older people to go through brainwashing sessions. The youth is already there.

Thu, 10/22/2015 - 09:13 | 6697931 MFL8240
MFL8240's picture

Another of many on the Obama recvovery!  

Thu, 10/22/2015 - 09:28 | 6697987 Baby Eating Dingo22
Baby Eating Dingo22's picture

Leaves on the ground can be worse than snow

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