Skip to comments.U.S. Industrial Output Falls (Yes that word again)
Posted on 06/15/2012 7:37:16 AM PDT by C19fan
U.S. industrial production unexpectedly fell in May, with a slump in manufacturing activity providing another sign of concern for the economic recovery.
Industrial production last month slipped 0.1%, the Federal Reserve said Friday. April's output figures were revised down slightly to a 1.0% gain, versus an initial estimate of a 1.1% jump.
(Excerpt) Read more at online.wsj.com ...
I definitely need to go into detox. November, maybe.
Price indexes were markedly lower, with the prices paid index falling eighteen points to 19.6 and the prices received index dropping eleven points to 1.0.
With that type of divergence, it is easy to see the significant pressure on margins (as a business owner, I am feeling it daily). This is a harbinger of more horrid economic news to come.
We only have to thank Oblam-o for making a more equal America.
How did GM end up making jobs for Chinese? .... thats just one example!
“another sign of concern for the economic recovery.”
Uhhh....what “recovery” is he talking about? If there was (and I emphasize “was” in the past tense) it was the weakest recovery in the past 70 years.
The “revised” unemployment figures, industrial production figures, the rippling financial effects of the death of the Euro, all indicate that we have entered the “double dip” of the Great Recession. It usually takes the economists a few months to officially declare it after it’s begun, but we are clearly in another recession. If there is good news in all of this, because of the lag in reporting “we are in a recession!” that news will hit the fan in August or September. It is poison for 0bama’s re-election.
And, no, to me this was certainly not “unexpected.” But I will still have a drink anyway.
Unexpectedly, I unexpectedly unexpected this unexpected article to unexpectedly unexpect unexpected facts unexpectedly. Unexpecting the fervently unexpectations of true unexepectedness, and unexpected cermoniously unexpectations all unexpected unexpectedly, unexpecting before the unexpected public of unexpected unexpectations in an unexpected way.
The good news just doesn't stop!! /s
No, any economic improvements under Romney will also be touted as "unexpected."
“fell” or “revised” ?
Also, the word “controversial” will become more common again, such as “Romney’s controversial tax cuts were not the reason for the unexpected rise in GDP.”
A Google search on “unexpected AND freerepublic com” finds about 71,600 results. Bing and Yahoo give only 22,200 results. This meme is certainly popular, but “journalists” can’t resist trying that spin on a daily basis.
If this keeps up, I’ll have to rethink keeping George W. Bush in office. He’s killing the economy.
Wait, what do you mean he’s been out of office 3 1/2 years?
Reuters current version-—
Manufacturing output contracted in May for the second time in three months and a gauge of factory activity in New York state plunged this month, worrisome signs the American economy is cooling.
>>Unexpectedly, I unexpectedly unexpected this unexpected article to unexpectedly unexpect unexpected facts unexpectedly. Unexpecting the fervently unexpectations of true unexepectedness, and unexpected cermoniously unexpectations all unexpected unexpectedly, unexpecting before the unexpected public of unexpected unexpectations in an unexpected way.<<
This post was completely unexpected!
Let’s examine this term “unexpected” for those among us who are not priveleged to have PhD’s in economics. For convenience, I illustrate the proper use of the term via a hypothetical news bite for a purely hypothetical event of the near future.
“Perhaps because the unexpectedness of this measurement of our glorious economic recovery, the Fed will once again need to extend a helping hand to those who bear the brunt of this unexpectedness, the Fed’s own constituent charter banks, by giving them billions of dollars in 0% loans.
“We should be concerned for the Fed charter banks that the economic recovery did not recover as well as their economists expected, because according to the Fed economists, these banks cannot be allowed to fail.”
I hope this example clears up once and for all the confusion and lack of understanding about this very precise econometrical term “unexpected.”
Uh, we choose to look at it as we have unexpectedly entered a negative phase of our recovery. We have to be clear that there may be a resumption of the Bush recession before the green shoots appear for good.
The voters of the US are unexpectedly finding out that Obammy is a half-white communist elitist incompetent affirmative action president.
These are things I knew all along.
[it is easy to see the significant pressure on margins (as a business owner, I am feeling it daily). ]
I am an engineer/entrepreneur, always looking for products to make to supplement our return on equities in the market. Every time I get down to calculating margins I can’t find any. Very depressing.
Perfect! Wish that would fit in a tag line :)
I am devastated that he has mislead me.
I expected you to say that.
It was unexpected. It was W’s fault. It was the Teas fault. There are lots of words libs use to forget any of their responsibility.
Those post-report downward adjustments seem to happen a lot.
“No, any economic improvements under Romney will also be touted as “unexpected.”
Any economic improvements under Romney will be ignored, and replaced with stories of violence in the Arab world and the condition of black America.
“Romneys controversial tax cuts were not the reason for the unexpected rise in GDP.”
I just wonder if those Romney tax cuts will ever materialize. Was just looking at the maximum tax rates during the last great financial crisis-the Great Depression. Starting in 1925 the maximum tax rate was 25%, which lasted until 1932, when it went to 63%, where it remained until 1936 when it went to 79%, then to 81% in 1941, to 88% in 1942, then to an astounding 94% in 1944 until dropping to 91% in 1946. It rose again briefly during the first couple of years of the Eisenhower administration to 92% before dropping to 91% where it remained until 1964 when it dropped to 77%.
I’m not sure what happened to cause the income tax to get so sky high a few years into the Depression, but I suspect that resentment towards the rich had something to do with it. If things continue to get worse, popular resentment towards the rich could lead to the same kind of tax raises once again.
That said, I’m not sure what pulled us out of the Great Depression, but it wasn’t reducing taxes, obviously.
And apparently it wasn’t balancing the budget either. Consider the deficits run by the government during WW2, which began with the US still mired in the Depression:
“But it was in World War II that the US really entered new debt territory. Starting at 45 percent of GDP in 1941 federal debt zoomed, reaching almost 122 percent of GDP in 1946 after the end of the war...”
To show how big that 122% of GDP was, the Obama deficit of $1.4 trillion in 2009 amounted to 13% of GDP.