Skip to comments.HUGE MISS: Philly Fed Plunges to -7.7
Posted on 06/16/2011 7:32:50 AM PDT by hcmama
Another regional survey of manufacturers confirms the rapid turn in the economy.
Analysts had been expecting a reading of 7.0 in the survey. Instead we got -7.7
Markets are heading lower
Read more: http://www.businessinsider.com/philly-fed-index-june-2011-6#ixzz1PRsAYVST
(Excerpt) Read more at businessinsider.com ...
Say it ain’t so, Joe (Biden). Let’s hear it for “Recovery Summer II.”
All the Federal Reserve regional bank indexes: Chicago, Philly, Empire, and Richmond are all showing sharp drops in activity. Add the Chicago Purchasing Managers Index, NFIB Small Business Index, and other private indexes, and you have a rapid turnaround in business conditions in just the last month. The overall picture doesn’t look good.
More of Obama’s “unexpected” disasters.......
They discounted it ahead of time hence the big drop the last couple of weeks. The sellers are likely taking some profits today.
Not to worry, someone in the projection department simply got the sign wrong. It was totally unexpected. But I’ll bet you expected that.
Or maybe these traders are the same cock-eyed optimists who predicted the 7.0 factories index. They were only off by a 100% or so...
So far the markets seem unconcerned by this data. /shrug
The terrible number hit the Dollar, which is what the market is trading on.
Any government/people who has been blessed by God then turns their back on Him and His precepts eventually come under judgment.
When they reach the degrading level of corruption that we have in our government and social/life, where we say the character/morals of our people,our political and business leaders does not matter, we are done.
When lying cheating,stealing,immtemindation, deliberate deceitful propaganda, become our SOP in our daily dealings with each other,whether family, neighbor,rich or poor,on a individual one on one basis, or small business or giant corporations when fairness, right, wrong, [God's not man's] and concern for country, people and future take a back seat to unnecessary,unreasonable, personal greed and profits whether individual or corporate we are done.
We can tell when we have reached bottom of the slime pit and God says enough.He has three definite markers in The Bible and secular history. Open public in your face defiance and disobedience.
They are meddling in His extremely personal business which He has said for thousands and has proved time and again that He means it by a constant turnover of world powers. Don't mess with the little piece of worthless land that He says is His.
Israel! It is His chosen place for His name for Him to meet with mankind.
No other country has meddled more than we have and we are paying dearly for it and it will get worse, much worse and all for a useless pile of sand.It has no material value, but spiritual wise it is priceless.
The other two signs that say we are ripe for and are currently under judgment which will get increasingly worse at an increasingly faster rate are Child sacrifice and the open defiant support of a sexual perverted practice of sodomy.
But when you bring it in the open and the people start making laws to support it, to lift it up to force others to accept it and to give them special protections under the law,to openly,publicly tell God He is wrong and pass a law of the land to override His is blasphemy and it is the same with child sacrifice, which we give the nice name of abortion /choice,with the people and the God given authority in open public rebellion against His stated law God has no choice but to act.
God destroyed and wipe off the face of the earth numerous nations for this horrific pagan practice that we practice in this country and furnish the money for other countries to practice.
We can call it anything we want to but it is child sacrifice, the senseless gruesome murder of the most innocence at their most venerable point in life.
What is the difference between laying your newborn in the arms of a metal statue heated red hot,hoping to gain some social standing or some mental,monetary,physical or favor or convenience, or to have a so called doctor reach up inside the womb to cut the small delicate baby in the temple of the body into what would be the holy of holies,into pieces of flesh to be sacrificed on the alter of convenience?
We can call it any thing we want but God calls it the same thing He called from the beginning,the sacrifice of an innocent human being.
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