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Kansas City Fed Survey Collapses As New Orders Crash Most Since Great Recession
Another data point to ignore... Kansas City Fed's business survey has crashed from a hope-full bounce. Dumping from a +1 print in October, Kansas collapsed to -9, the weakest since May 2015 as across the board components were abysmal. Production, Prices Paid, Employees, and inventories all cliff-dived with New Orders falling the most YoY since the Great Recession.
Recession much?
New Orders crashed YoY the most since the great recession
Charts: Bloomberg
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Meanwhile, stawks are being levitated on the back of the NASDAQ. Such funny fucking shit.
Janet, President Snow has prepared a bowl of berries for you. Enjoy.
Speaking of presidents, Obama was on Bear Grylls last night. They made it look like he was trekking through the Alaskan wilderness. In reality, he was only a ten minute walk from the parking lot. He talked about his major accomplishments; rescuing the economy, health care and climate change. Not much to be proud of there. He forgot to mention bombing seven different countries with most Americans not even realizing it and winning the Nobel Peace Prize. Now that’s quite an accomplishment!
Who cares, nobody lives in that region except grain operators and slaughter houses
Agreed, the bigger joke is .gov refusing to use the word recession........denial is a great thing until people lose confidence.
People who have been paying attention know better. The economic recovery did nothing to reign in derivative risk as we will soon discover with the bond market and credit default swaps. QE only robbed people without them knowing it and delivered it into the hands of the same banksters that caused the financial collapse.
Without a public option, Obamacare only drove profits to insurance companies who subsequently helped finance his campaign... all while premiums continue to go up despite promises to the contrary. You are welcome.
And climate change? Scientists be damned. Who cares about statistics and carbon emissions anyway? PROFIT!!!
Humanity, you just do not give me much hope... but it was a catchy campaign slogan.
Don't forget about all of the hot money sloshing around worldwide at the disposal of the already-wealthy and well-connected.
They wouldn't have been able to fund their mult-million dollar homes in LA and New York and elsewhere.
Barack Obama has been the best thing the uber wealthy have seen in the presidency ever.
"Scientists be damned."
Which ones, and on whose payroll/tenure/retirement, etc....?
Obviously it's full speed ahead for the Fed. This will be ignored like everything else because 'unexpectedly'.....
what is this "great recession", a politically correct term? Call it for what it was--first leg down of a depression.
First?? What was 2008? The appetizer?
Well, now that I think about it, 2008 probably was the appetizer. But this is definitely not the start of the Depression- we've been in one for years already. Yes, there were up years in the first Great Depression, just as there are in this depression.
The first leg down was in 71 when Nixon cut the dollar loose from gold. The depression started in 2000 collapse. Everything has been masked over by the exponential growth of debt, SNAP, and homeless shelters...., oh and lot's of teevee "news".
We left Kansas a long time ago...just eat Toto and put some hot sauce on it and flip on DWTS.
Last three bars on the graph: doom, just a little bit of sunlight, doom again. Like the end of 'A Perfect Storm'. They're steaming all night in their little boat, the sun just starts to peek through... maybe they'll make it!... but no, it all closes in again and everyone dies.
THE. END.
LOL and a happy Friday to you too.
As told by Patrick, SpongeBob's friend:
The Ugly Barnacle
Once upon a time there was an ugly barnacle. It was so ugly everybody died.
The End
"everyone dies. The End"
Crug Crood
Thank goodness the fed is waayyyyyy ahead of the curve raising rates in this soon to be overheating eCONomy. They are soooooo, so,so smart. What would we do without them?
What would we do without them?
Party Pali-style! Woo hoo! Bang! Bang! Bang!
nobody gives a crap about kansas city or atlanta or anywhere else. the ny fed calls the shots bitchez.
They economy is wonderful! Did you not hear the leadership informing you of that fact? You need to pay attention.
Kim's ass is bigger than ever.
Janet will raise again in January and again in March and again in April. One way or another we will get this show on the road!
I'm heading out to buy some clothes and a car. I am in a hurry because I know these items are scarce and there is huge demand.
LMFAO!!!! Nice shit show you built yellen - you wretched fucking cunt!!!!!