Here Is This Morning's Massive Econ Data Dump

Tyler Durden's picture

Just the summary for now:

  • CPI: 0.4%, Core 0.2%, consensus for both was 0.2%; Inflation higher than expected
  • Initial Claims, +428, Exp. 411K, up from 417K (414K was revised upward of course); 22 out of 21 400K+ prints; Employment looking bad again
  • Empire Index: -8.82; Exp. -4.0, , decline from -7.72 previously; 4th consecutive decline; Manufacturing continues to look ugly
  • Q2 Current Account: -$118 billion, exp. -122.4 billion; Previous revised lower from -119.3 billion to -$119.6 billion. Irrelevant for current GDP data, and only relevant for the final Q2 GDP revision.

Visualizing the initial claims:


Empire Fed:

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
101 years and counting's picture

prices and firings surge.  ben is 0-2 in achieving his 2 mandates.  even a weatherman has a better record.

hungarianboy's picture

Oh really? Looking at gold it seems he is scoring this time :-)

Gold to 1700 first then 1450 and maybe even lower.

fuu's picture

99 weeks ago today was 10/22/2009

151 weeks ago today was 10/23/2008


151 week tally given in case this thing gets passed now.

r101958's picture

"Initial Claims, +428, Exp. 411K, up from 417K (414K was revised upward of course); 22 out of 21 400K+ prints; Employment looking bad again"

Let's just drop the 'again'. It has never gotten better. The 'perception' of getting better was created by fudging numbers and creating temporary, gov't paid, stop gap jobs.

And now, fudging and/or hiding UE numbers by reducing worker participation is keeping the published UE number from going where it actually is; above 11%.


LowProfile's picture



"They" will whack gold HARD.  "They" HAVE to, they have nothing to lose but their ponzi banker scheme.

So rosin up your hands and get a firm grip on your sack, because this shit will be V O L A T I L E.


boiltherich's picture

All I know is hamburger has gone from $2.79 a pound for 7% fat meat last year to $6.59 a pound for the same thing this year (236% increse), if that is price stability I will gladly switch to eating the Feds bogus reports.  I need not even comment on employment. 

kurzdump's picture

Mein lieber ungarischer Freund, I think you already informed us about your idea of whats going to happen to GLD. There is no need to post it over and over again.

Dr. Richard Head's picture

Trolls need to eat too.  Plus, bashing them is good for our soul. 

MFL8240's picture

Smart comment, how about expalining why?

LowProfile's picture


The FED does not have political cover for direct monetization.  A massive decline in the stock market will do this.  Margin calls will be forced, even on gold.

Expect a hard decline, just not quite as bad the last time it happened.  "They" may even use this to naked short gold further as "They" have nothing to lose if they fail.

Might even happen a third time before "The Great Reset".

cossack55's picture

Maybe we should assign the Fed 10 mandates. Rudy von Bernankenstein would then be 80%.

boiltherich's picture
The Fed has only ever had a single mandate, protect and increase the real wealth of the top 10% of households by income, and concentrate that defense in the top 1%.  Because we all know that is the tide that lifts all our ships, even if the rest of us see water coming over the gunwales and have to bail like mad just to slow the sinking. 


oogs66's picture

Bullish right?

DirtMerchant's picture

around 2:30 EST it will become bullish, just like every other trading day...

BTFMU (Buy the Fucking Melt Up)

bob_dabolina's picture

Nancy Pelosi said that unemployment benefits was the best economic stimulus you could provide. 

LowProfile's picture

Nancy Pelosi has an aggressive brain parasite.

HoofHearted's picture

Looks like Obama saved a lot on our car insurance...we saved $4.4billion in the current accounts. Now let him show us where he is going to spend that...

HelluvaEngineer's picture

This is all so f*cking bullish I just came in my pants.  At the bell I'm buying NFLX with both hands.  Booyah, bitchez!

traditionalfunds's picture

Exactly. Options on Ultra Long ETFs the onlyway to play it.

Zgangsta's picture

"22 out of 21 400K+ prints"

Over 100%! That can't be good.

Drag Racer's picture

wait for the revision later...

DRT RD's picture

Refer to yesterdays articles about the intelligence of Amerikans!

Dr. Richard Head's picture

What is this intelligence thing you refer to?  I can quote football statistics like a baller and can name all of the Real Housewives of Fucked-Up County - aka real knowledge.  What more do we need?  Jailbreaking a smartphone?  I gots that too bitchez. 

serndipity's picture

A terrific leading indicator, to predict the level of uneployment and new claims each week, is only to count the number of posting here.

Note: The under 30's are in the streets, the under 60's post and the rest are watching TV and/or listening to Bloomberg, reading the WSJ etc..

EscapeKey's picture

I thought Bernanke recently reassured that the deflation we've been fightnig all this time in fact had been inflation, but that we shouldn't worry about it, as it was now on the decline?

Jeez, does that guy ever tell the truth about anything? How can such a lying sack of shit keep his job? I suppose he's compared to the likes of Geithner, but still...

Dr. Richard Head's picture

He reminds me of a man that has been caught by his wife in an affiar.  Deny, deny, deny until the divorcepapers are signed.  I am just wondering when the rest of the Americant public will finally file their divorce papers to the stock and banking markets,  Mine have been signed, sealed, and delivered since 2008.  Economic divorcee fun has it benefits you know. 

LawsofPhysics's picture


Expected update, but hey look the Chinese are complaining about U.S. tresuries being a "bad" investment.  My guess is that we will have a few good auctions shortly.

papaswamp's picture

Looks like another green close today right? Bad news is good news? Unstable and collapsing banking systems are positive?


I think I'm starting to get the not really.


SheepDog-One's picture

Remember the daily mad pumps that made no sense at all back around DOW 12,000-12,700 right before it sold? 

Gandalf6900's picture

Europe shrugged it off like hot peepee

digitlman's picture



Thanks, Gandalf!

DirtMerchant's picture

There was a rumor that it was raining

scatterbrains's picture

I say lets print now and worry about 140 Brent later

hedgeless_horseman's picture

I say lets print now and worry about blame China for 140 $200 Brent later

papaswamp's picture

Here is the key...

 August Real Earnings: -0.6% for real average hourly earnings M/M, -1.9% Y/Y. Real avg. weekly earnings -0.8% M/M, -1.8% Y/Y.

overmedicatedundersexed's picture

markets are going down the FED needs the cover..Ben will not commit to any QE today..Obuma will scream pass the GDamn bill please please it is ruining my gold swing I am so wee weed up.

SheepDog-One's picture

You knew it was over when we had presidential comments about how things are all wee wee'd up.

Gandalf6900's picture

this hurts so bad, but we are not worried about economy, the mkt has to go up regardless so BUY bitchez!!!

mvsjcl's picture

And the Detroitification of America continues!

Iriestx's picture

Obama is the new Kwame Kilpatrick

EscapeKey's picture

Detroit's decline started way before his time. Didn't they start openly discussing "spreading the wealth" schemes, and attempting to implement them in the 60'es and 70'es?

There's no well-functioning society, which socialism can't destroy.

Rodent Freikorps's picture

The Model Cities program was another gift of Johnson's War on Poverty.

DirtMerchant's picture

I'm in Detroit, we are experiencing deflation here, the crack whores are offering 2 for 1 now, the rest of the country has a long way to go to catch up to us!

EscapeKey's picture

You sure that's not just increasing supply and lowered demand?