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HUGE MISS: Philly Fed Plunges to -7.7
Business Insider ^ | Joe Weisenthal

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 ...


TOPICS: Business/Economy; Government
KEYWORDS: recoverysummer

1 posted on 06/16/2011 7:32:53 AM PDT by hcmama
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To: hcmama

Say it ain’t so, Joe (Biden). Let’s hear it for “Recovery Summer II.”


2 posted on 06/16/2011 7:37:07 AM PDT by kittymyrib
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To: hcmama

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.


3 posted on 06/16/2011 7:38:13 AM PDT by Free Vulcan (Vote Republican! You can vote Democrat when you're dead.)
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To: hcmama

unexpected.


4 posted on 06/16/2011 7:39:12 AM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
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To: Free Vulcan
S&P is up.

Go figure.

5 posted on 06/16/2011 7:42:47 AM PDT by hcmama
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To: hcmama

ping


6 posted on 06/16/2011 7:43:35 AM PDT by unkus
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To: Perdogg

More of Obama’s “unexpected” disasters.......


7 posted on 06/16/2011 7:44:26 AM PDT by AngelesCrestHighway
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To: hcmama

They discounted it ahead of time hence the big drop the last couple of weeks. The sellers are likely taking some profits today.


8 posted on 06/16/2011 7:47:04 AM PDT by Free Vulcan (Vote Republican! You can vote Democrat when you're dead.)
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To: hcmama
These are the same analysts who have not foreseen our current problems. Analysts fail to take into account our structural economic problems that will be years playing out.
9 posted on 06/16/2011 7:51:07 AM PDT by Palter (Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
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To: hcmama

Not to worry, someone in the projection department simply got the sign wrong. It was totally unexpected. But I’ll bet you expected that.


10 posted on 06/16/2011 7:55:46 AM PDT by NonValueAdded (From her lips to the voters' ears: Debbie Wasserman Schultz: ‘We own the economy’ June 15, 2011)
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To: Free Vulcan

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...


11 posted on 06/16/2011 8:04:55 AM PDT by hcmama
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To: hcmama

12 posted on 06/16/2011 8:13:56 AM PDT by blam
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To: hcmama

So far the markets seem unconcerned by this data. /shrug


13 posted on 06/16/2011 8:22:22 AM PDT by Longbow1969
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To: Longbow1969
Or, perhaps the market knows that QE3 is inevitable now.
14 posted on 06/16/2011 8:35:01 AM PDT by 2001convSVT (Going Galt as fast as I can.)
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To: Longbow1969

The terrible number hit the Dollar, which is what the market is trading on.


15 posted on 06/16/2011 8:35:55 AM PDT by Rational Thought
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To: hcmama
Unexpected ? Only if you are brain dead. Anyone who studies his bible and secular history knows where we are going as a nation and a people.

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.

16 posted on 06/16/2011 1:02:17 PM PDT by mississippi red-neck (You will never win the war on terrorism by fighting it in Iraq and funding it in the West Bank.)
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