Non-Defense Capital Orders Increase! Drought "Victims" Decrease Farm Inventories!

Discussion in 'Economy' started by mascale, Sep 27, 2012.

  1. mascale
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    mascale VIP Member

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    Boeing actually took in only one new order for airplanes in August. Not reported is whether or not it was paper mache or a kite on a string. People are wondering in fact, if manufacturing will continue to expand. Transports are a volatile sector of the new durable goods orders at any rate. Even car orders went down with car sales rising back to pre-Bush-Recession levels.

    Famously, Governor Romney is solidly on record as knowing a thing or two about "victims." In the midwest, they are now called, "Republicans(?)!" Many, in fact, would of course contend that the drought is secondary to just how the Midwest GOP: Suddenly all became "victims."

    An unusual drop in farm inventories--drought related--brought U. S. National GDP for 2nd quarter down two-tenths of one percent. The Obama-Biden economic policies had nothing to do with it. Not even the Ivy League had anything to do with it, which is nowhere being admitted.

    GDP: Drought knocked 0.2 points off growth in second quarter

    That means that other sectors were likely improving--in second quarter--at "soft-patch" rates of growth.

    What is also noted in August is the unexpectedly sharp increase in consumer confidence, auto sales, back-to-school sales, and suddenly even in new housing activity. The inventory of homes for sale is dropping. People buying up foreclosures have been a boon to the recovery. That now will continue, and with Fed Chief Bernanke's QE3.

    So New claims for unemployment insurance further dropped suddenly, just last week. Others point to GDP Q2 and say, "See how smart Bernanke really was!"

    Other data are actually supportive, in other words, of the liklihood of further recovery going forward--Consequent policies of Obama-Biden. Market-Unfriendly, Rep. Ryan: Will of course give no credit to Fed Chairman Ben Bernanke.

    "Crow, James Crow: Shaken, Not Stirred!"
    (Mostly investors fund companies that buy quality materials and products from other companies like the ones being funded. "Hoarding Among The Rich" is bad news for proponents of tax cuts among the already prosperous! It is not likely that the rich companies will buy from the poor companies, actually!)
     
    Last edited: Sep 27, 2012
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Uncle Ferd worries if his g/f gonna have enough money when dey go out to eat...
    :eusa_shifty:
    Drought leads restaurants to raise prices, cut portions
    October 14, 2012 - The effects of the Midwest drought on prices for corn, meat and poultry are showing up on restaurant menus. Small eateries are being hit hardest.
     
  3. Mr. H.
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    Mr. H. Diamond Member

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    Well, no shit- when 40% off the corn crop ends up in our gas tanks.
     
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  4. Freemason9
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    Freemason9 Gold Member

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    Meanwhile--in the "corn belt" made up of Deep Red States--farmers are doing just fine. As prices escalate due to the drought, farmers are farming the mailboxes for government checks. The average farm income in Nebraska, for example, is even more than last year's high levels--despite the severe drought.

    Farmers don't have to grow anything to make money, and they don't need to get an education. All they have to do is walk to the mailbox and vote Republican.

    Farmers are part of Romney's 47%.
     
  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    America gettin' to be Dry Bones Gulch...
    :eek:
    USDA: Nearly Two-Thirds of U.S. Is Still In Drought
    October 17, 2012 -- Almost two-thirds of the continental United States is still experiencing drought conditions as of Oct. 9, according to the U.S. Department of Agriculture (USDA.)

     
  6. waltky
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    waltky Wise ol' monkey Supporting Member

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    Drought likely to be the new normal...
    :eusa_eh:
    Global drought a 'new normal': report
    Oct. 18 (UPI) -- Increasing drought conditions across the planet are part of a "new normal" which oddly presents new business opportunities, a new Bank of America Merrill Lynch report says.
     
  7. mascale
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    mascale VIP Member

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    Mostly, in the Midwest, all signs indicate--analysts even so-state--that the drought effect will take some time to heal.

    For one thing, the percentages of areas under drought conditons are only decreasing to new levels, 2% per cent level drops per week.

    Drought Monitor Statistics

    The severe effects are in the Dakotas, Nebraska, and areas south of there.

    So likely there has been a noticeable effect. Prices will be rising into 2013, for many normal consumable foods.

    "Crow, James Crow: Shaken, Not Stirred!"
    (Mercifully, the newer cash crops of Napa, Sonoma, and Mendocino--in California--have been spared! Anyone notices just how many deities there are that had to get involved, in Califofrnia(?)! One fully loaded old buzzard was even seen talking to an empty chair(?)!
     

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