Surprise!
Posted on 06/15/2012 7:37:16 AM PDT by C19fan
U.S. industrial production unexpectedly fell in May, with a slump in manufacturing activity providing another sign of concern for the economic recovery.
Industrial production last month slipped 0.1%, the Federal Reserve said Friday. April's output figures were revised down slightly to a 1.0% gain, versus an initial estimate of a 1.1% jump.
(Excerpt) Read more at online.wsj.com ...
everyone drink!
I definitely need to go into detox. November, maybe.
Price indexes were markedly lower, with the prices paid index falling eighteen points to 19.6 and the prices received index dropping eleven points to 1.0.
With that type of divergence, it is easy to see the significant pressure on margins (as a business owner, I am feeling it daily). This is a harbinger of more horrid economic news to come.
We only have to thank Oblam-o for making a more equal America.
How did GM end up making jobs for Chinese? .... thats just one example!
Surprise!
“another sign of concern for the economic recovery.”
Uhhh....what “recovery” is he talking about? If there was (and I emphasize “was” in the past tense) it was the weakest recovery in the past 70 years.
The “revised” unemployment figures, industrial production figures, the rippling financial effects of the death of the Euro, all indicate that we have entered the “double dip” of the Great Recession. It usually takes the economists a few months to officially declare it after it’s begun, but we are clearly in another recession. If there is good news in all of this, because of the lag in reporting “we are in a recession!” that news will hit the fan in August or September. It is poison for 0bama’s re-election.
And, no, to me this was certainly not “unexpected.” But I will still have a drink anyway.
Unexpectedly, I unexpectedly unexpected this unexpected article to unexpectedly unexpect unexpected facts unexpectedly. Unexpecting the fervently unexpectations of true unexepectedness, and unexpected cermoniously unexpectations all unexpected unexpectedly, unexpecting before the unexpected public of unexpected unexpectations in an unexpected way.
The good news just doesn't stop!! /s
No, any economic improvements under Romney will also be touted as "unexpected."
“fell” or “revised” ?
Also, the word “controversial” will become more common again, such as “Romney’s controversial tax cuts were not the reason for the unexpected rise in GDP.”
A Google search on “unexpected AND freerepublic com” finds about 71,600 results. Bing and Yahoo give only 22,200 results. This meme is certainly popular, but “journalists” can’t resist trying that spin on a daily basis.
If this keeps up, I’ll have to rethink keeping George W. Bush in office. He’s killing the economy.
Wait, what do you mean he’s been out of office 3 1/2 years?
Reuters current version-—
Manufacturing output contracted in May for the second time in three months and a gauge of factory activity in New York state plunged this month, worrisome signs the American economy is cooling.
>>Unexpectedly, I unexpectedly unexpected this unexpected article to unexpectedly unexpect unexpected facts unexpectedly. Unexpecting the fervently unexpectations of true unexepectedness, and unexpected cermoniously unexpectations all unexpected unexpectedly, unexpecting before the unexpected public of unexpected unexpectations in an unexpected way.<<
This post was completely unexpected!
Let’s examine this term “unexpected” for those among us who are not priveleged to have PhD’s in economics. For convenience, I illustrate the proper use of the term via a hypothetical news bite for a purely hypothetical event of the near future.
“Perhaps because the unexpectedness of this measurement of our glorious economic recovery, the Fed will once again need to extend a helping hand to those who bear the brunt of this unexpectedness, the Fed’s own constituent charter banks, by giving them billions of dollars in 0% loans.
“We should be concerned for the Fed charter banks that the economic recovery did not recover as well as their economists expected, because according to the Fed economists, these banks cannot be allowed to fail.”
I hope this example clears up once and for all the confusion and lack of understanding about this very precise econometrical term “unexpected.”
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