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Dec. Empire State Survey: Manufacturing -8.1 vs. 0.0 expected, -5.22 prior. New Orders...

Dec. Empire State Survey: Manufacturing -8.1 vs. 0.0 expected, -5.22 prior. New Orders -3.7. Shipments 8.8. Prices paid 16.1. Employment index reflected weaker labor market conditions. The report expects higher six month outlook than previous month.
Comments (9)
  • jhooper
    , contributor
    Comments (6166) | Send Message
     
    How to win an election: "Austerity is terrible. I will end it as soon as I am elected with my superior intellect."

     

    How to stay in office: "Things were much were worse than I thought. I will end austerity in 10 to 15 years. Arrest anyone that has questions about 'as soon as I am elected' and 'superior intellect'".

     

    http://fxn.ws/T2mJYk
    17 Dec 2012, 09:45 AM Reply Like
  • piprock
    , contributor
    Comments (2) | Send Message
     
    In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent... comments from the fed. Things were much worse then he thought...much, much worse. those fed comments come from the most recent fomc meeting. not from the meeting in 2008....
    17 Dec 2012, 11:19 AM Reply Like
  • jhooper
    , contributor
    Comments (6166) | Send Message
     
    http://bit.ly/T2BJW9
    17 Dec 2012, 11:49 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    This was kind of a big miss eh???
    17 Dec 2012, 10:00 AM Reply Like
  • yv204
    , contributor
    Comments (175) | Send Message
     
    Meh, not really. This survey is all over the place. Just this year, March came in at 20.2, April at 6.5, and May at 17.1.
    17 Dec 2012, 10:26 AM Reply Like
  • schatzl
    , contributor
    Comments (391) | Send Message
     
    5th month in a row negative. This isn't an outlier any more, this is a trend.

     

    But who cares? Bernanke is going full steam ahead. Fundamentals and sentiment have become irrelevant. Only good news is bad news, as that means possibly less of the juice.
    17 Dec 2012, 11:34 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11495) | Send Message
     
    And the market hopes for more easing. We are addicted to QE much like Japan and are sinking into the mire of government and central bank dependence. A fake economy is an eternally sick economy.
    17 Dec 2012, 11:51 AM Reply Like
  • mikeycblue
    , contributor
    Comments (34) | Send Message
     
    Bears,
    If you're concerned that you're starting to sound like a broken record, you should be. Look around at all available data.
    Best of luck investing!
    Mike
    17 Dec 2012, 01:12 PM Reply Like
  • recession12
    , contributor
    Comments (172) | Send Message
     
    Someday we will wake up and we will realize we are no better than greece
    17 Dec 2012, 04:30 PM Reply Like
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