Posted on 09/14/2012 9:22:20 AM PDT by mojito
In one more example of why we are going to need more-er and open-ended-er QE from the Fed, today's dismal data rolls on. Industrial Production dropped 1.2% MoM - its largest drop since March 2009 - and missed expectations by the most since December 2008. The market (expectedly) is unimpressed and stable - fully aware that the Fed's new infinite QE will simply be expanded to an infinte-er QE should things go from worse to worse-er. To add more salt to the wound, Capacity Utilization dropped to its lowest of the year and missed expectations by its most in 16 months.
(Excerpt) Read more at zerohedge.com ...
bttt
3rd month in a row of contraction. Obama has driven the economy back into the recession ditch. No wonder the Fed is acting.
Who cares. I need free birth control and free access to abortions. Go, Obama!
/sarc... was it necessary?
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