Surprise Factory Downturn Holds Back U.S. Growth: Economy

[Freewill]

How is Obamanomics working for YOU?

Surprise Factory Downturn Holds Back U.S. Growth: Economy

Manufacturing (NAPMPMI) in the U.S. unexpectedly shrank in May at the fastest pace in four years, showing slowdowns in business and government spending are holding back the world’s largest economy.

The Institute for Supply Management’s factory index fell to 49, the lowest reading since June 2009, from the prior month’s 50.7, the Tempe, Arizona-based group’s report showed today. Fifty is the dividing line between growth and contraction. The median forecast of 81 economists surveyed by Bloomberg was 51.

 

[OKTexas]

I guess consumer confidence isn't as good as recently reported. Factories don't slow down if thing are selling.

 

[Staidhup]

I guess consumer confidence isn't as good as recently reported. Factories don't slow down if thing are selling.

Apparently so. Europe has been experiencing the same contraction for some time, as is Asia. The contraction is normal after the impact of pent up demand starts to wane and inventories replenish. The key is full time employment as defined by 40 hours a week, not part time. Maybe its time to recognize the reduction in unemployment and new claim numbers is nothing but a tool that fails to recognize those that have fallen through the cracks.

 

[AmazonTania]

The Markets pretty much ignored this news...

Well, DXY didn't.

 

[LordBrownTrout]

I forgot. Is this the 4th or 5th summer of recovery?

 

[NYcarbineer]

Manufacturing in this country peaked in 1979.

 

[Avatar4321]

Surprise? How is this a surprise?

 

[EriktheRed]

How is Obamanomics working for YOU?

Surprise Factory Downturn Holds Back U.S. Growth: Economy

Manufacturing (NAPMPMI) in the U.S. unexpectedly shrank in May at the fastest pace in four years, showing slowdowns in business and government spending are holding back the world’s largest economy.

The Institute for Supply Management’s factory index fell to 49, the lowest reading since June 2009, from the prior month’s 50.7, the Tempe, Arizona-based group’s report showed today. Fifty is the dividing line between growth and contraction. The median forecast of 81 economists surveyed by Bloomberg was 51.

WTF do you mean "surprise"???

 

[AmazonTania]

Manufacturing in this country peaked in 1979.

Employment peaked that year. America was still running trade deficits years before.

 

[thereisnospoon]

The Markets pretty much ignored this news...

Well, DXY didn't.

The financial markets are disconnected from general economic conditions.
Years ago "buy and hold" ruled the day. Stock trades took days to complete. Peoiple bought stocks as investments for the long term.
As the numbers of people with higher incomes grew, more money was pumped into the markets.
Now, trades happen in milliseconds. Shares are bought and sold in moments. By and Hold is a thing of the past.

 

[Annie]

The Markets pretty much ignored this news...

Well, DXY didn't.

and that would be for what reasons? Oh yeah, those with money will get more, guaranteed by their backers and those they support. Anyone hearing this now?

 

[OnePercenter]

Keep in mind that in 2009 economists predicted that it would take 8-10 years for the U.S. to recover from the wall street/BushCo crash.

 

[AmazonTania]

The Markets pretty much ignored this news...

Well, DXY didn't.

and that would be for what reasons? Oh yeah, those with money will get more, guaranteed by their backers and those they support. Anyone hearing this now?

No, that's really not the reason. The markets really don't care much about who is in charge.

And to the same degree, DX-Y plunged when Obama's reelection was announced.

 

[AmazonTania]

Keep in mind that in 2009 economists predicted that it would take 8-10 years for the U.S. to recover from the wall street/BushCo crash.

Bill Clinton isn't an economist.

 

[AmazonTania]

The Markets pretty much ignored this news...

Well, DXY didn't.

The financial markets are disconnected from general economic conditions.
Years ago "buy and hold" ruled the day. Stock trades took days to complete. Peoiple bought stocks as investments for the long term.
As the numbers of people with higher incomes grew, more money was pumped into the markets.
Now, trades happen in milliseconds. Shares are bought and sold in moments. By and Hold is a thing of the past.

Fundamentals don't apply. The market will ignore a sea of bad economic data, and rally on the one positive piece of data floating in the sea.

 

[Avatar4321]

Keep in mind that in 2009 economists predicted that it would take 8-10 years for the U.S. to recover from the wall street/BushCo crash.

Only because Obama won the election and somehow one a second term.

 

[LoneLaugher]

Good news for the GOP, right Freewill!

 

[Staidhup]

Good news for the GOP, right Freewill!

No one is a winner during a protracted recession, other then those that control the media and armed with an abundance of excuses to cover for ones incompetence.

 

[OnePercenter]

Keep in mind that in 2009 economists predicted that it would take 8-10 years for the U.S. to recover from the wall street/BushCo crash.

Bill Clinton isn't an economist.

True. So what's your point?

 

[OnePercenter]

The Markets pretty much ignored this news...

Well, DXY didn't.

The financial markets are disconnected from general economic conditions.
Years ago "buy and hold" ruled the day. Stock trades took days to complete. Peoiple bought stocks as investments for the long term.
As the numbers of people with higher incomes grew, more money was pumped into the markets.
Now, trades happen in milliseconds. Shares are bought and sold in moments. By and Hold is a thing of the past.

Fundamentals don't apply. The market will ignore a sea of bad economic data, and rally on the one positive piece of data floating in the sea.

Or could it be that corporate America is parking their cash.