Posted on 02/02/2015 7:36:00 AM PST by george76
Two measures of manufacturing sentiment in January matched their worst performance in a year, a sign that sputtering overseas growth as well as the rapid deterioration in commodity prices is hurting U.S. businesses.
The Institute for Supply Management’s manufacturing index slowed to a reading of 53.5% from 55.1% in December, a reading that was below the MarketWatch-compiled consensus for a reading of 55%. U.S. stocks SPX, -0.41% moved lower in the immediate aftermath of the report.
What has been good news for the U.S. consumer — tumbling gas prices — isn’t proving to be as good for U.S. business.
That’s because the energy sector has been one of the most rapidly growing industries in the U.S. economy, thanks to fracking and other technologies that have allowed for extraction from previously untapped sources.
(Excerpt) Read more at marketwatch.com ...
But, but, but.......... I was (mis)led to believe that not a single segment of the economy wasn’t better off now than it was 6 years ago. You mean I’ve been lied to? :>}
Yes, you have been lied to
Sounds like more QE is coming
LOL! Dang it. And we all thought he was so trustworthy. NOT!!!! Still stunned (not really) at just how stupid a whole lot of folks are. Gravy train boarding on track 7. All aboard. IPOS.
And yet, I bet Obama still doesn’t understand the relationship between piling taxes and regulation on businesses and a bad, sputtering economy.
Nothing to worry about. Obama claims his brilliant economic policies have caused this “”, so even without the energy sector propping up the numbers for the past six years, he should be able to pull more rabbits out of his hat.
Another Trillion of QE money printing would be as useless to us as the previous Trillions printed.
Communists do not understand free markets.
No, no, no! Someone obviously forgot to "seasonally adjust" the data. And the cold weather (or the lack of cold weather) was probably not factored in either.
Don't worry. The US government will soon release the corrected data. Everything will be improving by at least 2.5%.
On another topic concerning cold weather, the groundhog says 6 more weeks of winter but someone musta forgot the Sierra Nevadas cause it’s not that cold and there’s almost no snow. Thanks algore, you creep.
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