Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Richmond Fed - Oops Now this is just plain bad.
Market-Ticker ^ | 2012-10-23 | Karl Denninger

Posted on 10/23/2012 9:45:09 AM PDT by Snuph

Manufacturing activity in the central Atlantic region pulled back in October after improving somewhat last month, according to the Richmond Fed’s latest survey. The seasonally adjusted index of overall activity was pushed lower as all broad indicators of activity—shipments, new orders and employment—were in negative territory. Other indicators also suggested additional softness. Capacity utilization turned negative, while backlogs remained negative but improved from its September reading. Moreover, the gauge for delivery times changed little, while raw materials inventories grew at a slightly quicker pace, and growth in finished goods edged lower.

Yuck.

The table is just plain ugly. I'm sure someone will try to put lipstick on this pig, but it's definitely a pig; Shipments, new orders, capacity utilization, and vendor leadtime all went the wrong way and employees did not improve (and are still being cut.) Worse, prices paid and received both increased and widened, which is the worst possible move you can get.

Recession.

It's baked in the cake and the oven timer is about to ring.

(Excerpt) Read more at market-ticker.org ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: denninger; manufacturing; richmondfed; ticker
This is what the market is what is causing the market to drop
1 posted on 10/23/2012 9:45:09 AM PDT by Snuph
[ Post Reply | Private Reply | View Replies]

To: Snuph
Business Activity Indexes
2 posted on 10/23/2012 10:55:12 AM PDT by Perseverando (Gun control? It's the OBOTS who are filling up prisons for violent crimes, not the Tea Party.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perseverando

Thank you for posting the chart.


3 posted on 10/23/2012 10:59:01 AM PDT by Snuph ("give me Liberty...")
[ Post Reply | Private Reply | To 2 | View Replies]

To: Snuph

Romney isn’t going far enough on his China policy. He wants to threaten to raise tariffs unless China plays by the rules. China can play by the rules and still take our jobs because the wage differential is so large.

We need to reinstall the import tariffs our founding fathers had in place. Probably need to raise them up considerably higher until the jobs return and we are at full employment.


4 posted on 10/23/2012 11:29:33 AM PDT by DannyTN
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson