Atlanta Fed Explains Why It Waited Until The Market Close To Reveal The Lowest Q4 GDP Estimate Yet

Tyler Durden's picture




 

As we noted earlier, the Atlanta Fed waited until the market close to reveal its most dire GDP estimate yet: a paltry 0.6%, matching the 0.6% recorded during the "harsh winter" first quarter: one could be forgiven to think that during today's already chaotic selloff, the last thing traders and algos needed was news that US economic growth had ground to a virtual halt in the quarter in which Yellen decided to hike the interest rate.

Moments ago the Atlanta Fed was kind enough to explain the reason behind this surprising delay for a report it usually releases before noon. The answer: "technical delays" and "nothing nefarious."

Thanks for the explanation.

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Fri, 01/15/2016 - 18:33 | 7052963 Tinky
Tinky's picture

"We had an intern working on the twitter account, and she kept exceeding the 140 character limit. Apologies to all."

Fri, 01/15/2016 - 18:35 | 7052973 BaBaBouy
BaBaBouy's picture

""TEchnical Difficulties""

Is It Anything Involving A NAIL-GUN ???

Fri, 01/15/2016 - 18:38 | 7052987 Wulfkind
Wulfkind's picture

Yeah...we just disconnect the CAT 5 cable from the router for....ohhh....all day.  It's back in now.    OOooopsies !

Fri, 01/15/2016 - 18:42 | 7053007 Government need...
Government needs you to pay taxes's picture

Tell the truth.  They were all @ the Pentagon playing that fun new 'Drone' game.  That game gets a Peace-Prize Winner's 2-thumbs up!

Fri, 01/15/2016 - 18:53 | 7053058 greenskeeper carl
greenskeeper carl's picture

That is fucking hilarious that they responded to you guys. I would have no doubt they are well aware of who you are, but I would think they would avoid answering your questions or potentially even leading others to wonder "hmm, what is this zerohedge thing the ATLFed is responding to?" and look it up. If there is another website that has been doing more to erode their credibility over the years, I haven't seen it. They no doubt know this, too.

 

Keep up the good work, ZH

Fri, 01/15/2016 - 18:55 | 7053067 ThaBigPerm
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I can't shake the hilarious image of the Tyler who tweeted the question sitting in the office next to the person who replied.  Probably get coffee from the same pot.

Fri, 01/15/2016 - 19:02 | 7053095 quintago
quintago's picture

The guy that triple checks the fudged numbers to make sure they're somewhat correct was taking a bathroom break

Fri, 01/15/2016 - 19:22 | 7053175 Herd Redirectio...
Herd Redirection Committee's picture

Aaah, yes, incompetence ever the cover for criminal intent.

Now I wonder why a criminal would say such a thing as "Just technical difficulties"?  

"Its ok, we're just stupid, not criminals"

Right....

Fri, 01/15/2016 - 19:48 | 7053196 ebworthen
ebworthen's picture

"nothing nefarious..."  yeah, just hemming, extra starch, double rinse, and a fur-ball in the drain of the Atlanta FED data-washer.  And someone forgot to clean the lint screen in the dryer!  Perfectly normal, happens all the time.

Fri, 01/15/2016 - 20:16 | 7053363 cheka
cheka's picture

funny that the paranoid get so defensive.....nefarious?  proof they DO monitor zh

Fri, 01/15/2016 - 20:34 | 7053461 NoDebt
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Their reply, dripping with contempt.  I guess we should consider ourselves lucky they condescended to give us any number at all.

Fri, 01/15/2016 - 22:22 | 7053914 Luck Dragon
Luck Dragon's picture

It's always a "glitch" yet no one knows what the hell that means. Tell us, what was this "technical difficulty" you speak of? Quick! Before you google possible tech "glitches".

 

"Uhhhh, we had an IP conflict on the proxy due to DDoS attacks......." Come on, make up something. It doesn't even have to make sense. A "glitch" means lie.

Fri, 01/15/2016 - 22:35 | 7053955 runningman18
runningman18's picture

At the Atlanta Fed the phrase "technical difficulties" is code for - "Something absolutely fucking nefarious..."

Sat, 01/16/2016 - 00:16 | 7054162 DeadFred
DeadFred's picture

It's OK, I wasn't at a computer at the end of the day and I do sooo want to watch the market crash real time. LOL, I was in the bathroom when the bottom dropped out in August and came back to see it already halted. For reals.

Sat, 01/16/2016 - 00:25 | 7054174 Stuart
Stuart's picture

Dear Atlanta Fed: Bullshit you disrespectful bunch of cretins...  you really do believe the public is this stupid...   where's the rope.

Sat, 01/16/2016 - 00:44 | 7054212 bigkahuna
bigkahuna's picture

its only a small fire...

Sat, 01/16/2016 - 02:52 | 7054407 HardlyZero
HardlyZero's picture

Tonight is not an accident. There are no accidents.

Sat, 01/16/2016 - 18:09 | 7056094 SuperRay
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So based on their use of the word "nefarious" when nothing of the kind was indicated by zerohedg's request, they just presume that people think their activities are nefarious.

Fri, 01/15/2016 - 21:43 | 7053772 WTFUD
WTFUD's picture

Triple Filtered quintago?

Fri, 01/15/2016 - 18:56 | 7053071 Scooby Dooby Doo
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Yea how about respond to the request for a fucking audit!

Fri, 01/15/2016 - 19:42 | 7053251 Chupacabra-322
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Welcome to Fight Club Bitchezz!!

Fri, 01/15/2016 - 20:37 | 7053473 Mr. Universe
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From best understanding at the moment the Fed is not one big happy family right now and NY runs the show.  The other banks are said to be less than thrilled with having to continue to report data they know is manipulated.

Fri, 01/15/2016 - 21:57 | 7053839 o r c k
o r c k's picture

Snitch Culture.

Sat, 01/16/2016 - 00:09 | 7054142 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

One of the most valid criticisms of the Fed is that they are in service of the big banks, rather than the economy of your country.

Sat, 01/16/2016 - 00:22 | 7054168 sunaJ
sunaJ's picture

Well, duh.

Oh, were you being sarcastic?

Sat, 01/16/2016 - 00:23 | 7054169 sunaJ
sunaJ's picture

.

Sat, 01/16/2016 - 00:20 | 7054170 DeadFred
DeadFred's picture

Wait for the FBI to recommend that Hillary gets indicted. When Loretta refuses the skeletons will come out of the closet. I'll bet the Fibbies know where the bodies are buried at the Fed too.

Fri, 01/15/2016 - 21:58 | 7053817 o r c k
o r c k's picture

ATLFed likely now on the no-fly list due to this communication (with ZH)

Sat, 01/16/2016 - 00:12 | 7054149 Xatos
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There's creedence to that statement, Greenskeeper Carl. I personally found ZH during that pesky little cyber attack that took down the NYSE, Wall Street Journal, American Airlines, and some place called Zero Hedge. 

Sat, 01/16/2016 - 07:21 | 7054592 3Wishes
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Its not as if the FED arn't subscribed on ZH ;)

Fri, 01/15/2016 - 20:07 | 7053337 robertsgt40
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Just curious.  When was the last time the Atlanta Fed  released info after closing that it normally releases at lunch time?

Fri, 01/15/2016 - 18:45 | 7053020 Truther
Truther's picture

No, they simply walked around blindfolded with a large pin to pop something they couldn't nail.

Fri, 01/15/2016 - 18:50 | 7053044 Winston Churchill
Winston Churchill's picture

Long range paint guns would be better.Metalic paint of course.

Perhaps the Atlanta Fed was getting its jungle drums re strung.

 

Fri, 01/15/2016 - 22:22 | 7053880 tc06rtw
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 …  Their Magic 8 Ball  kept answering:  “Ask again later.”

Fri, 01/15/2016 - 18:47 | 7053030 Occams_Chainsaw
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Our system tried to upgrade to Windoze 10 in the middle of our publishing process.  Bill Gates is a fucker...

Sat, 01/16/2016 - 10:30 | 7054849 Government need...
Government needs you to pay taxes's picture

Keystrokes captured!  All those office drones typing "FUCK THE FED" "FUCK THE FED" "FUCK THE FED" will soon be on their way to FEMA reeducation and psychological retraining camps.

Fri, 01/15/2016 - 19:04 | 7053096 ThroxxOfVron
ThroxxOfVron's picture

<---  Super-Geniuses capable and worthy of managing the World's Reserve Currency.

<---  Dumb-Fucks incapable and unworthy of managing a simple Twitter Post.

Fri, 01/15/2016 - 20:30 | 7053445 Max Cynical
Max Cynical's picture

For whatever reason, we kept getting a busy signal on our dial up modem...sorry.

Fri, 01/15/2016 - 18:45 | 7053022 back to basics
back to basics's picture

The bigger story here is that they read ZH. 

Fri, 01/15/2016 - 18:55 | 7053059 Icewater Enema
Icewater Enema's picture

Exactly. And not only that, they feel the need to respond.

Sat, 01/16/2016 - 01:43 | 7054324 eatthebanksters
eatthebanksters's picture

Whcih means they are scared...

Sat, 01/16/2016 - 07:57 | 7054637 cheka
cheka's picture

terrified -- that's why poilice state has been turned up to 11

Sat, 01/16/2016 - 10:32 | 7054854 Government need...
Government needs you to pay taxes's picture

Those goons will melt into the general populace as soon as it becomes clear wearing those uniforms and trying to execute tyrant's orders are hazardous for one's health.

Fri, 01/15/2016 - 18:57 | 7053073 Flagit
Flagit's picture

No proof of that. They just responded to a Tweet.

Fri, 01/15/2016 - 19:30 | 7053202 Trucker Glock
Trucker Glock's picture

The use of the word nefarious in the reply suggests they know who they're replying to.  They may not read ZH, but they know who their critics are.

Didn't junk you. 

Fri, 01/15/2016 - 18:58 | 7053082 surf0766
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They post on here

Fri, 01/15/2016 - 19:03 | 7053101 TeamDepends
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One of them is Eirik Marx-Leninsson. They think it's hilarious.

Fri, 01/15/2016 - 19:24 | 7053182 Herd Redirectio...
Herd Redirection Committee's picture

Erik Bernays-Freud Marx Leninson, to you, stranger!

Do NOT follow this link or you will be banned from the site!