Skip to comments.U.S. stocks fall further after manufacturing data
Posted on 09/04/2012 7:20:18 AM PDT by John W
NEW YORK (MarketWatch) -- U.S. stocks added to Tuesday losses after a gauge of U.S. manufacturing unexpectedly showed contraction in August.
(Excerpt) Read more at marketwatch.com ...
That is two months in row. Looks like 0 has managed to crash the economy again.
Further info, all bad-—
Stocks edged lower on Tuesday after data showed manufacturing shrank at its sharpest clip in more than three years in August and construction spending fell in July.
Excuse me while I make a liquor store run.....
The economic data is fill in the blank fault.
Friday morning is August unemployment. I’ll bet the DOL abacus is working overtime trying to save that day right now.
Are they scrambling to change the format in Charlotte yet?
Lets see, 2 days of the POTUS personally killing Osama....
2 days of blaming Dubya'.....
Am I leaving anything out?
They don’t have much. Trying to recall, what did the dem convention look like in 1980? Guess there was the excitement of Teddy challenging Carter, but, they wouldn’t have had hardly any good news to fill the week with.
And this week they are in the Queen City promoting the fact that we are all better off than 4 years ago...
Obama is actually lucky that the election is in November because all signs point to the economy becoming much worse six months from now - China is reporting a dramatic slowdown, same in India. Europe will not know what to do with Greece leaving the Eurozone, much less looming economic disaster in the much more important EU economy of Spain. German unemployment has risen for each of the past five months. And the key indicators that I watch - FEDEX international shipments and container utilization - are all down quite dramatically. Where is the growth in the US going to come from - not from export demand and Mr. Bernanke’s endless printing of our money and debasement of the currency will do naught other than cause future inflation. As savers, we are paying for his idiotic schemes at the “independent” Federal Reserve - by not getting a dime in interest while inflation diminishes the value of our savings.
Cleaning up after all the crooks is going to be a long and difficult slog.
Great. A nation of unemployed, unfulfilled, idle drifters ...46 mil on food stamps — more streaming in illegally, wanting to get on more food stamps.
Whatever will become of this country? If we vote this clown back in, it’s curtains, America.
All true, but to most of us Freepers, this is not “unexpected.” (Although I will have a beer after work per the rules.) The Fed bean counters are desperate to try to avoid using the word “recession” again until November. Truth is, while we never recovered from the last one, we are already in a second recession. The declaration lags behind the data which lags behind the reality. This recession probably began back in the Spring.
But as I said, the Fed are desperate to not declare the reality of it until mid-November. They know that a declaration of recession absolutely kills 0bama’s re-election campaign. I don’t think they can hold out that long. There are too many independent economists out there who will let the cat out of the bag.
Who are these Ignorant JAs that didn't expect this to happen?!!
I'd be thoroughly embarrassed to be one of these so-called experts declaring that this was "unexpected"!
Well, considering that they never seem to tie a name to these statements, perhaps they are embarrassed . . .
Market Watch, Wall Street Journal? Get a clue, boys!
What’s unexpected is that the government isn’t cooking these figures even more than they already are to make O-Bah-Mah look better.
Unless, of course, they have a miraculous recovery planned for October.
"Stocks edged lower on Tuesday after data showed manufacturing shrank at its sharpest clip in more than three years in August and construction spending fell in July."
Worse, actually: Construction spending not only fell- it was the biggest miss in one year:
And, what do we think the unemployment number will do Friday?
third consecutive month below 50 which indicates contraction. Last time three months below 50 was July 2009. the economy is slowing down and it’s on a global basis. Europe is getting worse now that everyone is back from August vacations. There isn’t going to be any good news for Obama before the election.
They are going to massage the numbers as hard as they can get away with to make it look good for 0. Then after the election they will come back and quietly move the numbers down to where they actually are.
Clinton started this trick of inflating the numbers then quietly revising them down later and 0 has been using it his whole time in office
To clarify my last post. I personally lay the blame mostly at the feet of the democRATs since everything pretty much tanked when Bush was a lame duck and the RATs felt they had the “mandate” coming out of the ‘06 elections. I have been hammering that point home to anyone who will listen and I think I am getting some folks to actually understand how that works. Explaining this concept to people can be exasperating sometimes but it is worth the time if they do finally “get it”.
I do believe Bush made some fiscal mistakes on the spending side but not to the point that it would bring us to where we are now. That took some real crooks on the Left.
And when Romney/Ryan win the election in November, they'll be screaming about the "Republican depression" within the first hour after the election results.
Why would it be ‘unexpected’? What other result can there be from the type of economic policies being pursued by this administration?
The housing bubble was created by the Community Reinvestment Act, which was a liberal wet dream. Obama certainly supported it, even going back to his Community Organizer days. Several times, Bush, and those in his administration warned of the danger of this policy.
The auto industry failed, largely, due to uncompetitive labor costs driven by the UAW. You know what side of the fence they are on. It will be argued that it takes two to tango, and of course this is correct. Nevertheless, Obama would support the union side of a situation, ten times out of ten.
So how all of this is Bush's fault just escapes me.
Is destroying America like viagra to radical racialst quasi-commie American hater?
Otherwise, what does Otard gain from it?
He is known all over the world.
He is loved by muslim and homos alike.
He is loved by feminist.
What does he want?
He has plenty of cash,now.
Satan knows he didn’t have to work that hard for it.
I guess destroying Ameria is its own reward...???
“And when Romney/Ryan win the election in November, they’ll be screaming about the “Republican depression” within the first hour after the election results.”
The Department of Commerce did something similar, but in reverse, to Bush 41. Leading up to the election we had the “worst economy since the dawn of time” or something like that. Then, after the election, Commerce “revised” their figures to show that the economy wasn’t doing so bad after all.
Not so much. The Dow is up 0.16% as I typed this.
Yes. At the time was just looking for the first article to get the beginning of today’s bad economic news posted. The bogus DJIA is worth nothing as an indicator of anything at this point in time.
True, it’s not. Certain commodities will be the only going thing. But yes, they are exceedingly risky for high-speed speculators. Might try something stable in an energy-exporting country for the long run. Nothing’s safe in the short run. [I’m not qualified to give any such advice. Little disclaimer there.]