News Economy update

Discussion in 'The Howard Stern Show' started by SouthernListen, Sep 16, 2015.

  1. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

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    August retail sales: Projected up .3%. Actual up .2%

    Empire state manufacturing survey (NY) :
    Last month -14.92% (worst since 2009)
    This month projected -0.5%. Actual down -14.67%
    (Down nearly 30% in two months!)

    Industrial production: August projected -.2% Actual -.4%

    Manufacturing output: Down .5% Biggest drop in 4 years.

    Inventory/sales ratio = 1.36. Almost ties all time high. Inventories are high as sales are weak.

    The above are predictors of future drop in GDP (considered a recession if it occurs in two consecutive quarters)

    Yet The Dow? up 2% today!

    Will Yellen raise rates in this environment?
     
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  2. FishySausage

    FishySausage Original Nuttah VIP Gold

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    6 months ago I was sure the Feds would raise the interest rate. Now I'm not so sure.
    Will probably hold it till next year. Maybe even after the election.
    The Dow is such a false indicator of economic health.
    If it's up average people get nothing. (Aside from potentially better returns on IRAs/pensions)
    But they certainly get the choad when it's down!
     
  3. ltd86

    ltd86 Racist Banned User

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    The DOW is totally disconnected from the reality of the rest of the economy. The day of reckoning is coming for the markets :chair:
     
  4. Head Censor

    Head Censor Turgid Member VIP

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    What the hell are you guys talking about!? :confused: We're smack dab in the midst of the greatest and most thriving economic recovery in the recorded history of man.

    I know this is true because somebody here keeps telling me so.




    By the way, did you also see how awesome the unemployment numbers are?














    :giggle:
     
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  5. unclefreddy

    unclefreddy Well-Known Member

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    .50 increase won't hurt the economy. For people, especially the old that live off the savings, 10 years is a long time not to earn any interest. They really need to raise the rates. Especially now, not raising now would mean the US economy is in trouble.