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Beige Book: "Economy Slowed Down In 8 Of 12 Regions", Droughts, Flooding, Japan Blamed
The Fed's most irrelevant report, the Beige Book, is out. Here is the gist
- Fed Beige Book Says U.S. Economy Slowed in Eight of 12 Regions
- Droughts, flooding adversely affected seven regions
- Wage pressures ‘subdued,’’ inflation pressures ‘‘weakened”
- Spending in majority of regions saw modest growth of nonauto retail sales
- Inventories still lean due to Japanese supply chain disruptions.
- Manufacturing was steady or slowed in many regions
- Most of residential real estate market still weak
We get it: it's all the weather and Japan's fault. Also, somehow Japan is to blame for "lean" inventories which somehow have increased for 2 years running.
Full paperweight can be found here.
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Don't forget the private jet owners/passengers/mechanics/manufacturers. It's gotta be at least partially their fault too.
Wow! They must think Americans are really stooopid! Oh wait, they are!
Blame the snow. Disregard the fact that it's summer.
They are blaming the snow on the high mountains.
Always easier to blame someone or something else. It certainly cannot be due to any of our debts/deficits/bailouts/wars/politicians...
How many days left until Jackson Hole?
http://www.kansascityfed.org/publications/research/escp/jackson-hole-info.cfm
I guess Mirrors are outlawed at the Fed.
Next Q will be even worse!
It was hot! And nobody likes to work or spend when it's hot right?
It's a small miracle we have an economy at all with all this damn WEATHER happening all the time!
So true, I think everything would go way smoother if everybody was locked up in a dome where the government could controll everything.
A tropical storm is forming in the GOM right now...
http://www.nhc.noaa.gov/gtwo_atl.shtml
I blame it on the job creators.
We have job creators??
Cue milli vanilli...
http://www.youtube.com/watch?v=NwrL9MV6jSk
I blame the smurfs. Little blue basturds with one little smurfette whore.
I'm already hearing Krugman and his shills saying ``We need another big stimulus... and this time, it must be at least a trillion $``... hell a lot of Obamabots are actually calling for the arrest of republicans in congress for failling to lick Obama's boots on the debt ceiling.
A lot of them want this as a scenario :
US defaults because of those bad republicans.
Obama declares national emergency.
Obama arrest republicans in congress because they are ``terrorists who want to bring down America financially``.
Those Obamabots are insane.
Source??? Those are some pretty wild assertions.
Wild assertions? You obviously don't read ``liberal`` forums and newssites do you?
Nope. Can you post a link or 2?
Well I don't have time to point out exact posts, but if you go look there :
http://www.fark.com/politics/
Just click on any debt ceiling thread and you'll see a lot of these kind of posts...
1,2,3....trillion it doens't matter. When it fails Krugman will say that they didn't spend enough. Should have spent more. And they will say "can you imagine how bad it would have been if we hadn't spent that eleventy trillion dollars"?
agree that "flooding" continues to be a major cause
according to nukuler neo-classical post fuk_u radioactive BiChFlation data, japan may begin to return to normal in about 10 years
wake me up if it happens sooner. like in 2013
the conventional wisdom about this disaster is unicorns cavorting with dumbo's
the good news is that the 8 downside regions were the totally unimportant ones...
damn ungrateful pesants
are buying gold and silver...
instead of worthless
plastic, fiat consumer bait...
http://www.postchronicle.com/commentary/Obama_Very_tempting_To_Become_A_...
Obama: "Very tempting" To Become A Dictator (Video) Where Is The Media?!
Obama: But that's not how...that's not how our system works...
President Barack Obama: "Now I know some people want me to bypass congress and change the laws on my own..."
-Applause-
Obama: Believe me, and...(smile) and, and, and believe me right now dealing with congress...the idea...
Crowd erupts saying: "Yes You Can! Yes You Can!"
Obama laughs and smiles
Crowd gets even louder: "Yes You Can! Yes You Can!"
Obama: But, but, but believe me...uh...believe me the idea of doing things on my own are very tempting.
Crowd laughs
Obama: I promise you, not just on immigration reform...
Crowd laughs
Lady in the crowd: Change it!
Obama: ...that's now how our democracy functions.
Aren't you just a teenie-weenie bit off topic, AGAIN. What's the "500" for, ... maybe how many miles you would walk to piss on Obama?
http://www.bloomberg.com/news/2011-07-25/drought-withers-smallest-u-s-hay-crop-in-a-century-to-boost-cost-of-beef.html
I'm not worried, I'm buying stocks, the plague of locusts will be contained.
If you think those excuses are bad, the BBC was stating that the very slow growth in the UK this past quarter (stated at 0.2% official numbers) was partly due because of ONE EXTRA BANK HOLIDAY.
Yes one extra day off impacted severely on the British economy.... yeah. Clutching at straws.
OK ,guys we all in this country did such a good job during the last six month, so I decided to get drunk tonight.It`s already a quarter to ten here in europe and in front of me are two temting old bottles of a rare bordeaux red wine ,so i`m taking that challenge may be the world will look different tomorrow...
Winston Churchill was once at a soiree when a woman noticed that he was inebriated:
Woman: "You're drunk!"
Churchill: "And you're ugly! In the morning I shall be sober, but you will still be ugly!"
To UK readers blaming the weather for poor economic numbers seems rather familiar as pointed out by the quote below.
The danger of the ONS looking like Goldilocks
With its estimate of growth for the last quarter of 2010 the ONS told us this.
Now with this report it tells us GDP was affected by.
As the ONS does not seem to like cold weather but also does not seem to like warm weather either would it be kind enough to tell us as Goldilocks put it what weather would be “just right”?
http://t.co/oItDVw6
Wall Street (and the Fed) may not want free Markets....but Free markets want Wall Street.
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