'Soft' Data Snaps - Philly Fed Drops Most In 11 Months As Stagflation Surges

Tyler Durden's picture

With only 'soft' survey data supporting any hope of proclaiming economic success post-Trump (as 'hard' data has tumbled), the cracks in that sentiment are starting to show. Philly Fed's business outlook tumbled from 33 year highs in March (falling the most since March 2016). Prices Paid surged in March as New Orders stagnated and general business activity tumbled.

Stil positive but the endless post-trump rise is stalling...

 

Is the animal spirits gap about to be closed yet again... and not the good way?

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Joe Cool's picture

when the Talking Heads (Not the band) come out with the "Trump is killing the economy" mantra full force....Then we'll know the bottom will fall out....I'd say going into fall this year...Winter

orangegeek's picture

oh lookie!!!

 

Since nigga is gone, macros are showing up "plunging".

 

Now the marxists can blame Trump.

 

FUCK YOU YELLEN!!!

Joe Cool's picture

Me thinks that's their plan also....It's all Trump's fault....Never mind the craziest venture by any Central Bank in the history of the world for atleast the last 10 years has nothing to do with it...

spastic_colon's picture

all going as planned....time to change the dot plot...........again..........no more hikes in 2017

silverer's picture

All this was set up to happen on eight years of Obama's spending and legislation and department picks. The Obama machine is still mostly in place. Nothing substantial has changed or will change until papers start getting signed and budgets and appointments are completed.

Pitchman's picture

Many both within and beyond America's borders labor under the delusion that US policy is determined by the nation's elected representatives amid a careful balancing act between the judicial, legislative, and executive branches of government. In reality, the inner workings of US policy resemble nothing of the sort.

 

Exposing the Real Deep State