Could this turn six seven to a bull? From the New York Fed: The Empire State Manufacturing Survey indicates that conditions for New York manufacturers deteriorated in June. The general business conditions index slipped below zero for the first time since November of 2010, falling twenty points to -7.8. The new orders and shipments indexes also posted steep declines and fell below zero. The index... [more]
Could this turn six seven to a bull?
From the New York Fed:
The Empire State Manufacturing Survey indicates that conditions for New York manufacturers deteriorated in June. The general business conditions index slipped below zero for the first time since November of 2010, falling twenty points to -7.8. The new orders and shipments indexes also posted steep declines and fell below zero. The index for number of employees dropped fifteen points to 10.2. The indexes for both prices paid and prices received were positive but lower than last month, suggesting that increases in input prices and selling prices had slowed. Although future indexes were generally above zero, they were well below last month's levels, indicating that the level of optimism about the six-month outlook had deteriorated significantly.
[less]
QEII should be one more nail in the coffin of supply-side economics. Of course it won't be because it's a great sales pitch from the Right - there is such a thing as a free lunch! - but it should be.
Ignored comment.
Unhide
Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008
Let me preempt that counter argument.
W67bull- but most of the new economy is in 'services' as in financial services.
Realw67 - yeah but fktard, don't you think All the people in services might need some manufactured products, like plaster dildos and vulvas, lube, forks, knives and keys made for all their new man caves for $2000psf?
Ignored comment.
Unhide
Response by w67thstreet
about 15 years ago
Posts: 9003
Member since: Dec 2008
Did geitner sell his house yet?
Ignored comment.
Unhide
Response by Wbottom
about 15 years ago
Posts: 2142
Member since: May 2010
babeland's ipo gonna be waaaaay hot--that alone will carry the city to the next level
Ignored comment.
Unhide
Response by pulaski
about 15 years ago
Posts: 824
Member since: Mar 2009
"Historic Collapse In Philly Fed Which Prints At -7.7 On Expectations Of 7.0, Weakest Since July Of 2009, Biggest 3 Month Drop Ever"
"As we predicted following yesterday's disastrous New York Fed, we get the second confirmation that the economy is now contracting, courtesy of the Philly Fed, which just printed at negative 7.7 on expectations of 7.0%. This is the lowest number since July of 2009, and is the biggest three month collapse in the history of the series, plunging from 43.4 in March to -7.7 in June, or an over 50 point drop in three months. As expected, the Fed is telegraphing that the economy is collapsing and that stocks needs to plunge another 20% before Operation Twist (QE3) is given a green light."
And stocks up on that news, after a violent crash yesterday: seems like there's a lot of portfolio repositioning going on, or somebody who sold a lot of puts is doing their damnedest to get the market to rise.
Thank you, QEII.
I've been saying this for months:
http://www.marketwatch.com/story/fed-boxed-in-as-us-slouches-toward-stagflation-2011-06-15?link=MW_latest_news
QEII should be one more nail in the coffin of supply-side economics. Of course it won't be because it's a great sales pitch from the Right - there is such a thing as a free lunch! - but it should be.
Let me preempt that counter argument.
W67bull- but most of the new economy is in 'services' as in financial services.
Realw67 - yeah but fktard, don't you think All the people in services might need some manufactured products, like plaster dildos and vulvas, lube, forks, knives and keys made for all their new man caves for $2000psf?
Did geitner sell his house yet?
babeland's ipo gonna be waaaaay hot--that alone will carry the city to the next level
"Historic Collapse In Philly Fed Which Prints At -7.7 On Expectations Of 7.0, Weakest Since July Of 2009, Biggest 3 Month Drop Ever"
"As we predicted following yesterday's disastrous New York Fed, we get the second confirmation that the economy is now contracting, courtesy of the Philly Fed, which just printed at negative 7.7 on expectations of 7.0%. This is the lowest number since July of 2009, and is the biggest three month collapse in the history of the series, plunging from 43.4 in March to -7.7 in June, or an over 50 point drop in three months. As expected, the Fed is telegraphing that the economy is collapsing and that stocks needs to plunge another 20% before Operation Twist (QE3) is given a green light."
http://www.zerohedge.com/article/historic-collapse-philly-fed-which-prints-77-expectations-70-weakest-july-2009-biggest-3-mon
Thank you, QEII!
And stocks up on that news, after a violent crash yesterday: seems like there's a lot of portfolio repositioning going on, or somebody who sold a lot of puts is doing their damnedest to get the market to rise.
Alas, it will be futile.
The ends comes soon. $500psf. Baby!
>$500psf. Baby!
Is this through apt23's backdoor, or some other way? http://streeteasy.com/nyc/talk/discussion/25684-w-67s-prediction-come-to-pass-thru-the-backdoor
Did we have a W bottom yet?