Monday, October 18, 2010

Factories Pull Back

Industrial production fell in September for the first time since the recession ended(?), as weak consumer demand led factories to pull back.
The Federal Reserve reports that output at the nation's factories, mines and utilities dropped 0.2 per cent last month.
Industrial production grew 4.8 per cent in the July-September quarter, slower than the 7-per-cent gains in each of the first two quarter of this year.

U.S. factories pull back

Industrial production fell in September for the first time since the recession ended, as weak consumer demand led factories to pull back.
The Federal Reserve reports that output at the nation's factories, mines and utilities dropped 0.2 per cent last month.
Industrial production grew 4.8 per cent in the July-September quarter, slower than the 7-per-cent gains in each of the first two quarter of this year.
Factory output, the largest element of industrial production, fell 0.2 per cent last month. Manufacturing posted monthly gains for the first year after the recession ended in June 2009. But since then it has fallen twice in the past four months.
Manufacturing has helped drive economic growth as businesses restocked and replaced worn-out equipment. September's decline could slow that trend. Without consumer demand to take up the slack, industry can't maintain its strong growth.
More Here..

13 comments:

  1. It's been a while since I checked in. Got sick and tired of the gold bug shills trying to sell their gains, or artificially bolster their alarmist position to the moronic christian apocalyptic crowd.

    Anyhow, last time a was here, I gave some strong advice that would have netted you a nice tidy profit thus far. The DOW had dipped below 10,000 and I suggested you sell your gold gains and get in the market then. As you can see, it turns out I was right, and if you didn't take my advice, you missed out.

    That's alright, there's still time to redeem your poor judgment. Sell your gold gains now and get in the market because it's going to 14,000. I suggest selling at 14,000, but not until. It will take about a year to reach that point, but I assure you, it will reach that point.

    Don't say you haven't been advised. No need to thank me. I do this because I care.

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  2. 9:18 you're a stupid shill. When you were here GOLD was $1000. Now it closer to $1400. The Dollar has dropped to the lowest point this year. That mean the gains in the markets are not really gains, they are losses. Learn economics before you post nonsense. The higher the market goes the worse the dollar gets. Zimbabwe's stock market did the same, when their dollar crashed. Stupid poster.

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  3. Gold went up almost 40%, the market went up 10% from "your" lows. Have you gone to school lately or are you just permanently stupid?

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  4. The Dow is meaningless, if a company listed in the Dow index is doing poorly it is removed and a better company is inserted. If you take the Dow composite as it was in 2008 and use that, the Dow is down big time, so that your Dow and shove it.

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  5. It's nice to know the recession is over. Perhaps my bankrupt, former employer can start up again and give a call.

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  6. Measure the Dow in gold and it's a disaster. When it goes 2:1 or 1:1 then it times to board the equities train again. Otherwise, folks, please don't listen to 9:18. He doesn't have a clue.

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  7. My oh My

    Singing a little different tune are we ?

    "Manufacturing has helped drive economic growth"

    "Manufacturing has posted monthly gains since June '09.

    So -----

    Where ----

    Exactly is this apolyptic crash you doomers here love to see in print?

    I'll tell you where it ain't !

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  8. Umm... yes I believe we are singing different tunes. 5:00 you need to go back in your time machine and return to 1982.

    I hate when those temponauts from Jupiter get their destination wrong.

    It would take years to get them to understand the times even if they did stick around to socialize with us 2010ers.

    Manufacturing is dead. Pharmacy is dead. Real Estate is dead. Construction is dead. Engineering is dead.

    Police, Teachers, Bus Drivers, Firefighters, Paramedics... all on the brink of death.

    Nursing lay offs have reached an all time high in 2010. Obamacare signals the death of the medical system and nothing less.

    But these time travelers from Jupiter seem to be in a state of mind like nothing ever changes. The dollar lost 40% of its value this year alone. Gold is at an all time high. No... nothing has ever changed.

    The Romans are still having gladiatorial games, the Pilgrims are still harvesting crops, Japan is still trying to take over the Pacific, black people still are given different bathrooms. Nothing ever changes.

    These temponauts behave like a cow getting hit by a tornado. The cow should get wiped out by the tornado but for some reason it's not. In others words...

    5:00 DOESN'T MAKE ANY FUCKING SENSE!!!

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  9. 5:00 look at your label and let us know what part of North America it was made in. Then check your dishes, cutlery, car parts, car and the list is endless. Were you born an hour ago?

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  10. 5:00, You must definately be from another planet. Mfg. recovered? Get into your space craft and fly around. Here in the South, 95% of all textile mfg. is gone!, In florence SC, it literally looks like a ghosttown. Nothing left but welfare, druggies and whores, oops, I can't use that work anymore, you know the "W" word.

    The MSM is stating the recession is over, I agree 100%, it is no longer a recession, it's a depression. I was asked just the other day, well, do you see breadlind, or unemployment lines? My answer was no, however, you will not see them, the breadines are not relpaces with food stamps that come to your door, or the unemployment lines have been replaced by the home PC.

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  11. Yall are incredulous

    I didn't write the fucking article assholes

    Read it !

    What does it say ?

    Now go back to sleep so you can dream of fire.

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  12. If the good old US of A had to defend itself in a "WW3" scenario, most of us will end up being fertilizer.

    All because of a simple fact: the United States has virtually lost it's Industrial Base. We no longer have large foundries or presses to form heavy steel, etc. That being said, do you think we could ramp up the manufacture of tanks and other wartime equipment?

    Let alone that China is now holding back on shipments of assorted metals (to US, Japan and Europe) that are used in manufacturing and defense applications.

    I am ashamed (and angry) about what our country has become (and the direction it's heading). How about you folks?

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  13. I am NOY saying we have not lost a ton of manufacturing capacity ( sometimes thru almost obscene methodologies )

    But by ANYONES measure the USA is STILL the number one manufacturer in the WORLD.

    PERIOD

    NUMBER ONE

    WE make more stuff than anybody and guess what folks?

    There is OVER OVER OVER capacity !

    ReplyDelete

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