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Recession now more likely
MarketWatch ^ | 12:44 PM EDT July 2, 2012 | By MarketWatch

Posted on 07/02/2012 9:49:24 AM PDT by Ernest_at_the_Beach

WASHINGTON (MarketWatch) — There’s no way to sugarcoat it: The already-sluggish U.S. economy is stalling out, stung by doubts about our economic and fiscal future.

The Institute for Supply Management reported that its manufacturing index dropped to 49.7% in June from 53.5% in May, signaling that the manufacturing sector is contracting for the first time since mid-2009. Read our complete news coverage of manufacturing activity shrinking in June.

Both the ISM headline index and the ISM new orders index plunged below 50% in June.

By itself, the decline in the ISM index below the benchmark 50% level does not mean that the economy is in a recession, but it does make it much more likely. A reading of 49.7% is consistent with slow, but positive growth of about 2.4%, according to the ISM.

The manufacturing sector has been the most robust part of the economy coming out of the recession, but that momentum has now been lost. The U.S. has now caught the fever racing through Europe and China.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: enonomy; obamacare; obamarecession

1 posted on 07/02/2012 9:49:26 AM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

Recession now more likely......to continue..........


2 posted on 07/02/2012 9:52:14 AM PDT by Red Badger (Think logically. Act normally.................)
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To: Ernest_at_the_Beach

Take away government growth and haven’t we been in a recession for about ten years now?


3 posted on 07/02/2012 9:52:25 AM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Ernest_at_the_Beach

Why don’t they call it what it really will be?

Depression II.

Brought to you by Hopey Changey Dopey Obama.

More Golf, Cheeseburgers and Vacations for Bammy!!


4 posted on 07/02/2012 9:53:24 AM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: Ernest_at_the_Beach

Uh, looking at the graph, the ISM has contracted before, including last year. Not sure where the writer says that hasn’t happened since 2009 because that’s not true.


5 posted on 07/02/2012 10:00:03 AM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: Ernest_at_the_Beach

6 posted on 07/02/2012 10:00:33 AM PDT by DannyTN
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To: Red Badger; Moonman62; F15Eagle; SunkenCiv; blam; Nachum; Marine_Uncle; SierraWasp
Just posted this:

Freedom from OPEC ( American Energy in Play -- The Bakken )

7 posted on 07/02/2012 10:01:37 AM PDT by Ernest_at_the_Beach (The Global Warming Hoax was a Criminal Act....where is Al Gore?)
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To: DannyTN

I don’t think nukes are competitive at current nat gas prices.


8 posted on 07/02/2012 10:04:31 AM PDT by nascarnation
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To: rwfromkansas
Top 10 Warning Signs of a Global End Game
9 posted on 07/02/2012 10:22:03 AM PDT by blam
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To: nascarnation
That's debatable.

I say use both.

What you don't want to do is build your infrastructure based on a single energy source and then someday find out your estimates of future usage and supply were wrong.

comparing-energy-costs-of-nuclear-coal-gas-wind-and-solar

10 posted on 07/02/2012 10:22:03 AM PDT by DannyTN
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To: F15Eagle

I call it WD II.

WW I was called the Great War before WW II upstaged it. The Great Depression is now WD I.


11 posted on 07/02/2012 10:36:17 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: F15Eagle
Modern American Currency

One dollar bill: George Washington
Five dollar bill: Abraham Lincoln
Ten dollar bill: Alexander Hamilton
Twenty dollar bill: Andrew Jackson
Fifty dollar bill: Ulysses S. Grant
One hundred dollar bill: Benjamin Franklin
Food Stamps: Barack Obama


12 posted on 07/02/2012 10:41:05 AM PDT by Vendome (Don't take life so seriously, you won't live thnrough it anyway)
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To: Ernest_at_the_Beach

13 posted on 07/02/2012 10:47:44 AM PDT by GeorgeWashingtonsGhost
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To: Ernest_at_the_Beach

We’re in a long-wave contraction, and have been since 2008. I honestly can’t wait for the rest of the pack to wake up and realize this.


14 posted on 07/02/2012 11:25:27 AM PDT by TheWriterTX (Riding the Long-Wave Economic Contraction, Baby!)
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To: rwfromkansas

It’s gone down, but it hasn’t breached the 50.0 mark, below which is the indicator of actual contraction.


15 posted on 07/02/2012 11:25:36 AM PDT by greene66
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To: Ernest_at_the_Beach

16 posted on 07/02/2012 11:37:44 AM PDT by SoFloFreeper
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To: Ernest_at_the_Beach
Newsflash, The recession never really ended, but morphed into The 0bama Depression!
17 posted on 07/02/2012 11:57:37 AM PDT by The Sons of Liberty ("Get that bastard out of MY White House!")
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To: Ernest_at_the_Beach

A recession? Finally! Signs of improvement.


18 posted on 07/02/2012 12:43:32 PM PDT by crosshairs
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To: Ernest_at_the_Beach
Thanks E. Interesting analysis by Market Watch.
"The oil being pumped from the Williston Basin is both economical to recover and easy to refine. The Bakken oil is high-grade light sweet crude that is among the best oil on the continent, far cleaner than oil sands petroleum from Canada."
19 posted on 07/02/2012 12:46:19 PM PDT by Marine_Uncle (Honor must be earned.)
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To: Marine_Uncle
Not until a stake has been driven though the heart of Obama Care very few businesses will be hiring. It's that simple.
20 posted on 07/02/2012 1:22:20 PM PDT by kempo
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To: kempo

Sadly. I have to agree with your analysis.


21 posted on 07/02/2012 1:35:10 PM PDT by Marine_Uncle (Honor must be earned.)
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To: Ernest_at_the_Beach; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; ...

Looks a little like some media shilling for Zero, since we’ve been in the Obama Recession for quite a while now; e.g., I noticed that the alleged slow but positive job growth got mentioned.

Thanks Ernest.


22 posted on 07/02/2012 2:17:52 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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