Posted on 05/02/2012 7:21:55 AM PDT by sunmars
WASHINGTON (Dow Jones)--U.S. factory orders fell at the sharpest pace in three years in March, a sign that demand is slowing amid an uneven economic recovery.
Orders for manufactured goods declined 1.5% to $460.46 billion, the Commerce Department said Wednesday. That matched expectations of economists surveyed by Dow Jones Newswires.
Factory orders over the previous month were revised down, as well, to a 1.1% increase from an initial estimate for a 1.3% gain.
(Excerpt) Read more at nasdaq.com ...
HOPEY-CHANGEY, SUCKAZ!!
Ahh.. Nostalgia.
I was just thinking back to the days (2006) when the media called creating 500,000 jobs a month the WORST ECONOMY SINCE THE GREAT DEPRESSION!
I thought manufacturing was up yesterday. What happened over night?
Ahh.. Nostalgia.
I was just thinking back to the days (2006) when the media called creating 500,000 jobs a month the WORST ECONOMY SINCE THE GREAT DEPRESSION!
_____________
They wrung their hands and said it was a “jobless recovery.” And they even coined the term “McJob” to disparage the several hundred thousand jobs a month that were being created. And never forget, they said 400,000 per month were needed simply to accommodate new entries into the work place (now that threshold is a wee bit smaller at 200,000). Weird.
Funny, seems like “McJob” was no longer a word in Janury 2009....
remain calm.. all is well... This is actually good news because (insert BS MSM focus tested line here)..
The government is publishing numbers they know are wrong. Like journalists their information is now "fake but politically advantageous". If these were innocent mistakes the over/under revisions would occur 50/50. Now we can't trust their numbers even after the 5th revision. The stock market still responds somewhat as if these numbers were real, but that won't continue because the pattern is now obvious.
“I was just thinking back to the days (2006) when the media called creating 500,000 jobs a month the WORST ECONOMY SINCE THE GREAT DEPRESSION!”
WORSE THAN HOOVER!!!!!
OH!!!! THE HUGE MANATEE!!!!!!
Bad news is actually good news as now we can expect the Fed to print more money (QE3). See how that works?
“WASHINGTON (Dow Jones)—U.S. factory orders fell at the sharpest pace in three years in March, a sign that demand is slowing amid an uneven economic recovery. “
The propagandist threw out his back writing that sentence.
Lead sentence starts with:
"As the economy continues to roar to life solely due to the Obama Administration's heroic efforts to reverse the disastrous policies of its predecessors, some vestiges of those horrendous Bush years continue to hinder a return to full prosperity."
Things are going great here in West Texas right now....tied for the lowest unemployment rate in the nation, almost impossible to find a house etc.
That could all change if Obama put on the endangered list this lizard that could hurt oil production, however. He would like nothing less than to destroy the Texas economy.
"Unexpected, unexpected..."
OhSnap!@!
Don’t worry, it’ll be back in January 2013.
“That matched expectations of economists surveyed by Dow Jones Newswires.”
What the hell? Is this a first? A downtrend in a economics article isn’t “unexpected”???????
All that spending
all that borrowing
all that printing money we can't afford
...and ALL FOR NOTHING
“uneven economic recovery”
Somebody didn’t get the message from Barry.
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