Wholesale Trade Data Suggest Manufacturing Recession Spreading To Entire Economy
The good news - wholesale inventories are being worked off (falling 0.3% MoM in November - biggest drop since May 2013). The bad news - inventories are being worked off (crushing Q4 GDP hopes and Fed forecasts). The ugly news - Wholesale sales collapsed 1.0% MoM - the biggest drop in a year (leaving the spread between sales and inventories at a record high). The ugliest data of all - inventories-to-sales spiked to 1.32x - (the highest since 2008's crisis recession and as high as the worst in the 2001 recession!)
The year-over-year drops are a disaster...
Recesion anyone?
This leaves a record absolute spread between sales and inventories...
Simply put - the "Field of Dreams" US Economy has utterly failed! We "built it" but they "did not come."
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it's taking over like financial ebola
CTRL PRT. Fixed it.
Thank gawd it has not and will not spread to Cramerica.
Well, all the 'smart' people keep saying manufacturing isn't important in our new magical economy. So get your Phd in black lesbian studies and start your high paying career in the retail coffee industry.......
Not financial Ebola. More like the Black Death as the banksters and Wall Street fraudsters display the the acute symptoms of the Bernie Madoff Syndrome. By the way, Madoff should file a lawsuit claiming disparate treatment from the Feds, what Madoff did is now standard operating procedure for Western governments, robbing Peter (the citizens) to pay Paul (the government insiders who own the police, the regulators and the news media).
Wait . . . manufacturing?? What manufacturing?? Arms sales down??
Depression anyone?
There, fixed that for ya Tyler.
It ain't even shocking any more, is it?
It has actually got to the point most of the time, I just read the headline and know what is in the story.
What's shocking is that we still have people who believe things are booming. I guess they have their nose so stuck in their iGadgets that they don't see what's going on right under their noses.
"Mission Accomplished", I guess.
We had to destroy the village in order to save it........
So companies have hired a bunch of people that just stand around and do nothing....must be government work...
I mostly sit around and do nothing, well I do read a lot of the internet. Have found the end of the net a few times lol, then I take a walk and or get some coffee to so I don't fall asleep at my desk. Oh and not a .gov job. Not sure how long this will last.
I had that for 6 months as an intern for the most part. What a joke. I actually wanted to work but none of the interns got a lot of valuable hands-on experience aside from that of how to do menial office shit. Those in charge of us were too worried about one of us screwing something up so they'd be fired.probably a legitimate fear too. Once I was in a meeting and the lady leading and presenting was fired right in the middle of it. This was at a fortune 500 company. We were really just there for show, and a line of verifiable bullshit to put on our resumes. To get our rubber stamps that we're good,compliant, and docile serfs.
youngman I believe this is referred to as the Costanza Effect.
I think the glass is "half full".
https://www.youtube.com/watch?v=VlVmdGiAH2A
Worst possible day for the bulls and their 'over-sold' bounce. VIX gets hammered but market barely moves. Kleenex stock should be flying.
Debt forgiveness. Before it's too late !!!
it takes a pillage
You can't know that. You can only determine a recession six months to a year AFTER it has happened.
/<Sarc>
Like when the world ends, you have to wait a year for a confirmation.
I have a poll for you: I'm disappointed the world didn't end on December 21, 2012
UP << HELL YES
DOWN << JESUS, YOU NIHILISTIC BASTARD
I've been watching the "market" since open and those bastards are really trying hard to keep shit in the green to close the weekend. What BS...
What really pisses me off is that the MSM is soooooo BS now, that even the Weather Channel is a lie factory (Climate Change Agenda, hyping weather events to solidify the agenda, etc)...c'mon, it's just the weather...report it, try to get forecasts right, shrug it off when your wrong and move it along...
Climate change = mass hysteria.
And the "great" jobs report was part-time holiday hires who will be looking for work again right about now.
I used to be able to just look at the pictures in National Geographic. Now the magazine makes me so sick my wife always asks, "Why do you always flip it face down?"
Too much native nudity?
If no high volume rampathon above 1969/1970ish and ultimately back above 1990-2000 very soon as in within a session or so then the intermediate target is 1620ish with weak bounces along the way - could be before February. Could very well see even more aggressive Yuan deval soon and crude sub-$30.
+290,000 and +400
As of now, the stocks are up. This time is diferent, it's the economy 2.0 and it's b00ming bitchezz, (to the bottom ;-) ).
are all these inventories all iPhones?
In a shared economy, people naturally need less "stuff". People are sharing: their homes, apartments, cars, clothes, toys, jewelry, shoes, .... bodies, jobs
Chinas numbers this weekend will come in bad....and we will be back down on Monday..this is just a sell the bounce...where it used to be BTFD....
You can drag a Keynesian into reality but you cannot make him think. (A play on an old aphorism).
Come on Ol' Yeller. Raise those rates another quarter and lets get this Obama depression started!
China needs Obama's staff and their BLS people to do the propaganda.
Problem is China's too honest.
Onward to the next level of lies.
How deliciously ironic is that in the "land of the free"? When I trust Chinese metrics more than those released by the government of "my" country it's a sad commentary on life.
Our catapillar plants closing up . Yesterday Panasonic said they are closing up . Last 80 jobs that were still there
Proving once again that when government gets behind a minimum standard the business world sees no reason to exceed that low level of performance.
We need to eliminate all government standards and lete the markets again set the standards.
You know that one day we will all be dead and none of this will matter, but in the meantime......................
Kind of like the college exams I was so worried about.