"It's A Recession Stupid" - US Factory Orders Tumble For 15th Month In A Row
In 60 years, the US economy has not suffered a 15-month continuous YoY drop in Factory orders without being in recession. Today's -1.9% YoY drop may suggest the slide is decelerating, but off the weakness in December (-2.9% MoM), January's bounce +1.6% MoM missed expectations (+2.1%) notably (and Ex-Trans decline MoM).
Recession...?
Or different this time?
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I sharted my yoga pants, I shipped my pants.
http://abcnews.go.com/Business/wireStory/us-factory-orders-16-percent-best-months-37367553
Or, as the mainstream media would have you believe, times have never been better.
It is not a recession until you believe it is. Everything has got a new name and definition these days. Dumb fucks in the gubmint and Federal reserve are rewriting everything.
Two observations:
1. Whatever it was, an admitted recession or a non-admitted recession, it appears to be "off the lows" and on it's way back up. (Remember I told you none of us would live long enough to see the next officially declared recession? This is what I'm talking about.)
2. We still have factories in the US?? I don't believe you.
well, it looks like the "manufacture" and sale of financial "products" has never been better...
"none of us would live long enough to see the next officially declared recession under a democrat potus" - ftfy! call me cynical but I have a sneaking suspicion the same "data" would be interpreted somewhat differently under a trump administration...
What do you call the recovery for a non-recession recession?
The slide is DECELERATING? Finding a bottom from whence to rebound?
The words recession and depression are going to be banned like the 100 dollar bill and 500 Euro.
This is bullish. Better than expected. No problem
Either they know what's coming and just trying to suck every last drop of blood from the corpse or they are clueless and think it's all-clear and we are going to break to new highs. Just keep thinking it's a marathon and not a sprint.
Obamao's legacy must be protected at all costs; including manipulation of the language.
Who cares? If we're supposed to believe this chart, then we're going to see an explosion of green again soon.
ZH with more dumb analysis.
http://www.marketwatch.com/story/factory-orders-rebound-in-january-2016-...
But it can't be a recession! The market is over 16.7 and S&P at 1977.
Excuse me while I wipe the blood from my eyes...
Talking for mysel, Jan. and Feb 2015 were the worst I ever had, down 30% yoy.
Jan. & Feb. 2016 are -30% again on those lousy months.
What about my fellow ZHers in biz ?
WC,
We just had our seventh month in a row with a YoY decrease. We are an industrial supplies distributor based in Metro Detroit. What's ultra terrifying to me is 2015 was a record (or near record depending on who you ask) year for car sales, and 2016 is "supposed" to be just as good.
Your mistake is believing that cars are still made in Detroit.
six crappy months of sales down in a similar fashion.
this one isn't looking any better.
but then we've been in a downturn for almost 2 years with the occassional blips of minimal positive sales
zero income, down 100 percent with taxes due. great balance stmnt though...
Depression. If it weren't for the fabricated BLS U-3 stats and the rigged dollar/stock markets then those two "leading indicators" would have been signalling depression since 2008.
But, Janet just filled the swimming pool with crude.
Who declares the recessions anyway, somebody knock on their door make sure they're still alive in there we may have a hostage situation or something.
shhhh dont mention the D word
Gold will be up $100 today.
I'm listening. Tell me more.
It's a recession, stupid. Nope.
It's a depression, stupid. Nope.
It's a global economic collapse, stupid. Yup.
And quite possibly an extinction level event as a final neocon farewell.
wrg?idt