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Sev
07-02-2012, 05:40 PM
The hope and change is feeling wonderful.
Get ready for layoffs if the trend in output continues.

That 16 trillion in debt will save us yet.


http://www.ft.com/intl/cms/s/0/cb8a7...44feabdc0.html
US factory output at three-year low

US manufacturing activity contracted for the first time in three years, further denting confidence in a global economy that is already feeling the effects of the eurozone debt crisis and China’s economic slowdown.

In a shock to economists who were expecting manufacturing growth to slow moderately, the Institute for Supply Management’s survey on the US industrial sector reported a large decline in activity from 53.5 in May to 49.7 in June – its lowest level since the recession ended in mid-2009.

Any reading in the ISM index below 50 indicates a contraction in activity, while above 50 signals an expansion. David Semmens, economist at Standard Chartered described the number as a “really terrible” result.

The weak ISM data came after purchasing managers surveys showed China’s industrial sector expanded at its slowest pace in seven months, while eurozone manufacturing also remained stuck at its weakest level in three years. “A significant part of the weakness looks to be trade contagion,” said Alan Ruskin of Deutsche Bank.

Eurozone manufacturing activity has contracted each month since August 2011. In Germany, the eurozone’s largest economy, the index for June showed manufacturing activity shrinking at its fastest pace since June 2009.

The ISM’s new orders index, although a traditionally volatile measure, was hit particularly hard and could signal a decline in overseas demand for US products. “The manufacturing sector is particularly vulnerable to the slowdown in global activity,” said Joshua Dennerlein of Bank of America Merrill Lynch.

Two weeks ago, the Federal Reserve extended “Operation Twist” – selling short-term government bonds while buying long-term debt – in an effort to support the economy by lowering long-term interest rates.

Further signs that America’s economy is feeling the impact of slower growth in emerging markets and continued turmoil in Europe could spur the US central bank to take more aggressive action in coming months including a new round of asset purchases, or “QE3”.

Record-high eurozone unemployment and continued manufacturing weakness could force the European Central Bank to lower rates later this week, according to Ken Wattret, economist at BNP Paribas.

“There is little in these numbers to challenge the view that the ECB should be cutting rates,” he said. “The only question is by how much.”

In the UK, the PMI was better than many analysts had feared, but still showed manufacturing activity had contracted for the second month in a row.

The Bank of England is expected to announce another round of QE later this week, given that the UK and global economy are far weaker than the Monetary Policy Committee had thought even just a few months ago.

DiabloViejo
07-02-2012, 05:46 PM
Admit it, that article gave you wood, didn't it? /forums/images/%%GRAEMLIN_URL%%/laugh.gif

Sev
07-02-2012, 06:00 PM
Nope.
The lack of forethought in what the future may hold in a rush to score points is on display.

cushioncrawler
07-02-2012, 11:29 PM
low contracted denting debt crisis slowdown shock slow decline lowest recession contraction “really terrible” weak slowest stuck weakest weakness contagion contracted shrinking hit hard decline vulnerable slowdown impact slower turmoil aggressive unemployment weakness force lower little better feared contracted weaker.

Typical krappynomix jargon.
mac.
americadagrateizgoindowninate.

LWW
07-03-2012, 04:52 AM
Projecting again?

I find it hard to believe you are actually unhappy with the results of policies you rabidly supported ... unless that you are imply a trained parrot that repeats whatever opinion the regime tells you that you possess.

LWW
07-03-2012, 04:53 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">Nope.
The lack of forethought in what the future may hold in a rush to score points is on display.

</div></div>

Fats is merely waiting for the regime to explain to him how this is the fault of Bush.

Gayle in MD
07-03-2012, 05:28 AM
Weedmyopia!

No cure!

Lucky for you, it's not fatal!

/forums/images/%%GRAEMLIN_URL%%/wink.gif /forums/images/%%GRAEMLIN_URL%%/grin.gif

Sev
07-03-2012, 05:39 AM
?????

LWW
07-03-2012, 06:03 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">????? </div></div>

"WEEDMYOPIA" is a mental disorder suffered by leftists when they get together and smoke weed within their own little intellectual echo chamber.

However there is a cure, for those possessed of sufficient testicular/ovarian fortitude ... It's called reality.

Gayle in MD
07-03-2012, 06:23 AM
Down in the weeds, politically, means too much digging around in the unimportant parts of anything govenment does, trying to skew the actual truth of it to ones own views. in an effort to skew things to suit ones political view.

Digging around in incidentals, expanding them beyond their importance.

Myopia.... synomyms: Nearsightedness, shortsightedness.

So Weedmyopia, describes, for example, ignoring US Factory growth for months, and months while it is on thhe rise, and then blowing a relataiveluy small temporary drop, into a word like, Plummets!

Were you giving us any news while the numbers were rising?

Additionally, blowing the whole Tax or Penalty thingie into a big deal, when it isn't going to have any impact on anything but political dogma and dog whistle tactics. Won't change much of anything, overall, except more people will realize that Romney lied when he said he didn't raise taxes when he was governor.

G. /forums/images/%%GRAEMLIN_URL%%/wink.gif

Gayle in MD
07-03-2012, 06:24 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">????? </div></div>

"WEEDMYOPIA" is a mental disorder suffered by leftists when they get together and smoke weed within their own little intellectual echo chamber.

However there is a cure, for those possessed of sufficient testicular/ovarian fortitude ... It's called reality. </div></div>


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> <span style="color: #990000"> <span style='font-size: 14pt'>
Gayle and LWW, we all now completely understand that you two don't like each other. No real need to keep belaboring the point.

My suggestion now is to ignore each other.

Any posts from either of you pointing at the other one will result in an immediate (and very long) ban.

Admin

</span> </span> </div></div>

Sev
07-03-2012, 06:53 AM
Aahhhhhh.

Much like you yourself do then aye? /forums/images/%%GRAEMLIN_URL%%/wink.gif

Actually I post all sorts of economic numbers. They generally get little commentary.

Gayle in MD
07-03-2012, 07:02 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">Aahhhhhh.

Much like you yourself do then aye? /forums/images/%%GRAEMLIN_URL%%/wink.gif

Actually I post all sorts of economic numbers. They generally get little commentary. </div></div>


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Much like you yourself do then aye? </div></div>

B-b-b-but...you make me do it! It's all your fault! /forums/images/%%GRAEMLIN_URL%%/grin.gif /forums/images/%%GRAEMLIN_URL%%/wink.gif

LWW
07-03-2012, 08:44 AM
A classic example of weed myopia is someone reading my posts and thn responding to it with this:

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> <span style="color: #990000"> <span style='font-size: 14pt'>
Gayle and LWW, we all now completely understand that you two don't like each other. No real need to keep belaboring the point.

My suggestion now is to ignore each other.

Any posts from either of you pointing at the other one will result in an immediate (and very long) ban.

Admin

</span> </span> </div></div>

Yet remaining totally unaware that by doing so they are committing the very foul of which they complain.

Soflasnapper
07-03-2012, 09:46 AM
The article points at world-wide economic events as an explanation.

Not any domestic policy error by this administration.

It's been obvious that our prospects are tied into the world economic outcome, more so now than in the past.

Other than these obvious and well-known facts, what point are you making? Do you think somehow that if only we went with severe austerity ourselves here, that would in some way fix the problems of Europe and China? Or wouldn't that actually exacerbate them? (Which would be another reason that policy prescription is boneheaded wrong?)

cushioncrawler
07-03-2012, 05:18 PM
Funny iznt it, one kuntry blames another for the bad smell, one zone blames another zone, but they all adore krappynomix.
Hey guys, mightbe krappynomix stinx.
mac.

Sev
07-04-2012, 03:56 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">Aahhhhhh.

Much like you yourself do then aye? /forums/images/%%GRAEMLIN_URL%%/wink.gif

Actually I post all sorts of economic numbers. They generally get little commentary. </div></div>


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Much like you yourself do then aye? </div></div>

B-b-b-but...you make me do it! It's all your fault! /forums/images/%%GRAEMLIN_URL%%/grin.gif /forums/images/%%GRAEMLIN_URL%%/wink.gif </div></div>

I can neither confirm or deny. /forums/images/%%GRAEMLIN_URL%%/wink.gif

Sev
07-04-2012, 04:04 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Soflasnapper</div><div class="ubbcode-body">The article points at world-wide economic events as an explanation.

Not any domestic policy error by this administration.

It's been obvious that our prospects are tied into the world economic outcome, more so now than in the past.

Other than these obvious and well-known facts, what point are you making? Do you think somehow that if only we went with severe austerity ourselves here, that would in some way fix the problems of Europe and China? Or wouldn't that actually exacerbate them? (Which would be another reason that policy prescription is boneheaded wrong?) </div></div>

The point being that it was obvious that the world economy was in danger of contracting as we see it is now. However. Rather than letting businesses fail both Bush and Obama decided to spend hundreds of billions and trillion of dollars when it was likely that revenues coming would decrease.

Now we are about to click over to 16 trillion in debt. Factory output is declining. Expected GDP was adjusted to 1.9% prior to this information coming out.
China's economy as well as other major economies are softening. orders and production are declining.

High debt. Decreasing revenues. High unemployment. Increasing social net expenses.

Not an enviable position to be in.

Soflasnapper
07-04-2012, 05:29 PM
Revenues decreasing, and outlays increasing, that double sword, occur when the economy is bad and stuck at a low level of production.

The answer is to get people back to work instead of eligible for public subsidy under the laws.

That alone would reduce the deficit by about 40%, between extra income from workers' and employers' taxes, and reductions in public subsidies due them under the law.

This is very simple to understand. It's called priming the pump when it's from the left, and supply-side, when it's on the right. It was called 'getting America moving again' by John F. Kennedy.

Sev
07-04-2012, 08:47 PM
If nobody is buying. Nobody is hiring.
Business exists to make a profit. Not to hire employees.

It makes no financial sense to hire is sales are falling.

Its a world economy now. You have to go with the ebb and flow.
Its one of main problems with not being isolationists. Your economic health is in lockstep with the world economy.
Especially when the nation has been completely fiscally irresponsible.

cushioncrawler
07-05-2012, 01:46 AM
It iz not a world ekonomy. What it iz iz this. Krappynomix rules in every zone on earth. So, if your krappynomix aint working, blame some other zone, where their krappynomix aint working.
Hmmmmmmm -- whats that stink.
Mightbe its krappynomix.
mac.

Sev
07-05-2012, 08:48 AM
http://www.marketwatch.com/story/us-june-services-activity-slowest-since-jan-10-2012-07-05
<span style="color: #000000">
WASHINGTON (MarketWatch) -- U.S. services activity slowed in June to the weakest level since January 2010, according to data released by the Institute for Supply Management on Thursday. The ISM services index fell to 52.1% from 53.7% in May, which was worse than the 52.9% than economists expected. Of key components, the production index dropped 3.9 points, the new orders component fell 2.2 points, while the employment component rose 1.5 points. </span>

http://www.marketwatch.com/story/ism-ser...5?link=MW_pulse (http://www.marketwatch.com/story/ism-services-reading-weakest-since-january-2010-2012-07-05?link=MW_pulse)

Gayle in MD
07-05-2012, 09:11 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">http://www.marketwatch.com/story/us-june-services-activity-slowest-since-jan-10-2012-07-05
<span style="color: #000000">
WASHINGTON (MarketWatch) -- U.S. services activity slowed in June to the weakest level since January 2010, according to data released by the Institute for Supply Management on Thursday. The ISM services index fell to 52.1% from 53.7% in May, which was worse than the 52.9% than economists expected. Of key components, the production index dropped 3.9 points, the new orders component fell 2.2 points, while the employment component rose 1.5 points. </span>

http://www.marketwatch.com/story/ism-ser...5?link=MW_pulse (http://www.marketwatch.com/story/ism-services-reading-weakest-since-january-2010-2012-07-05?link=MW_pulse) </div></div>


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">

<span style='font-size: 14pt'>ADP Survey: U.S. Economy Added 176K Jobs In June </span>

WASHINGTON — A private survey shows U.S. businesses increased hiring in June, suggesting the job market could be recovering after three sluggish months.

<span style='font-size: 14pt'>Payroll provider ADP </span>says businesses added 176,000 jobs last month. That's better than the revised total of 136,000 jobs it reported for May.

The report only covers hiring in the private sector and excludes government job growth. The Labor Department will offer a more complete picture of June hiring on Friday.

The ADP survey offered some hope that hiring is picking up. But it has often deviated sharply from the government report. In May, the Labor Department said employers added just 69,000 jobs, the fewest in a year and nearly half ADP's estimate.



</div></div>


http://www.huffingtonpost.com/2012/07/05/adp-survey-us-economy-added-176k-jobs-june_n_1650815.html

Sev
07-05-2012, 09:20 AM
And 374,000 unemployment applicants. To be revised up on Friday.

Also I thought I saw something that stated many of those jobs were in the service industry. Not real economy drivers.

The USA can not make a recovery with a global market that is in contraction.
If the global market continues its trend expect expect to the layoff lag time hit around Nov.

Gayle in MD
07-05-2012, 09:25 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">And 374,000 unemployment applicants. To be revised up on Friday.

Also I thought I saw something that stated many of those jobs were in the service industry. Not real economy drivers.

The USA can not make a recovery with a global market that is in contraction.


<span style="color: #990000">Yes, they made a big mistake, severe austerity, same thing the Repiglicans have been up to, annd which they intentionally used to hold back the recovery, by failing to invest in JOBS! By failing to take a balanced approach for recovery, investing, instead of obstructing. </span>
If the global market continues its trend expect expect to the layoff lag time hit around Nov. </div></div>



<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> The USA can not make a recovery with a global market that is in contraction.
</div></div>

Well then, we surely can't blame the president for the entire global economy, right? /forums/images/%%GRAEMLIN_URL%%/smile.gif

G.

Sev
07-05-2012, 09:28 AM
What a silly thing to say. Sure we can. /forums/images/%%GRAEMLIN_URL%%/smile.gif

Gayle in MD
07-05-2012, 09:40 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">What a silly thing to say. Sure we can. /forums/images/%%GRAEMLIN_URL%%/smile.gif </div></div>

LOL, don't I know it! /forums/images/%%GRAEMLIN_URL%%/grin.gif

cushioncrawler
07-05-2012, 05:33 PM
In the oldendays plummets were made by squaws. Plummets can be handy for checking that a teepee iznt leaning etc.

Nowadays the whole usa plummet output iz from one factory, and production iz down koz of cheaper inferior plummets produced in China.
The chineze plummets are often cheap sedimentary stone with an igneous veneer, and they spin more.
mac.
http://i577.photobucket.com/albums/ss213/Foukemonster/IMG_2692.jpg