US Factory Orders Deep In Recession - Tumble YoY For 13th Month In A Row

Zero Hedge ^ | 1/6/2016 | Tyler Durden

[GilGil]

US factory orders have never dropped this far for so long without the US economy overall being in recession. November's 4.2% YoY drop is the 13th consecutive monthly drop. Revisions to durable goods data shows a 1% drop in new orders ex-defense in November after rising 1.4% in October.. and as a reminder, this data was buoyed by a 46.9% surge in defense aircraft and parts orders to all-time highs.

Factory Orders are flashing deep red recessionary indicators...

[GilGil]

This is the same government that lied about Obamacare. Nothing was true about Obamacare. Now they are telling us the economy is in great shape even though we are going into recession.

[mykroar]

without the US economy overall being in recession.

Ummmm, maybe that's cause we're already in one.

[Original Lurker]

I believe everything from Washington to Wall Street is just smoke and mirrors. Nothing’s real anymore.

[headstamp 2]

All is well!

[headstamp 2]

We are now finding out just how much the energy industry was propping up the economy.

[Red Badger]

B-b-b-but the Administration says we are near full employment! The economy is great and we all have great jobs and health care!

This must be an anomaly! ..........yeah, that’s it an anomaly!................

[bert]

with growth at low levels, it is likely that the numbers are within the margin of error for the recession

Flat line is in effect recession

come July, the talk will be of the Obama recession precipitated by Obamacare and the resulting malaise

[Vaduz]

90 million people out of work tends to cause recessionary indicators thank you Obama&Co.

[Right Brother]

"The economy is in a downturn despite NOT being in a recession"

"Despite global warming, glaciers are expanding".

"In the spirit of inclusiveness, we are excluding offensive Christmas displays".

Welcome to WTF? world.

[GilGil]

Don’t you know that one of the reasons unemployment is so low is that 24 year olds are retiring in record numbers so says the government.

http://www.zerohedge.com/news/2016-01-04/straight-face-us-government-finds-number-retiring-20-24-year-olds-has-doubled

[Cowboy Bob]

Not the Obama recession...

The Obama/Hillary recession.

[BfloGuy]

This is why the government needs some inflation.

When there's no actual growth, more dollars in the GDP make it look as if there is!

[GilGil]

And that my friend is why Obama is crying.

Like a spoiled brat he is throwing tantrums because his brilliance is generating nothing but failure everywhere.

[PGalt]

Thanks for posting. Comments (here and at the source) BUMP!

[GilGil]

You forgot to add that if ISIS people had jobs they would not be cutting off people’s heads!

[Red Badger]

Retiring from what?....................reality?...................

[ichabod1]

bushfault

[servantboy777]

>>this data was buoyed by a 46.9% surge in defense aircraft and parts orders to all-time highs.<<

Interesting. Surge in military equipment buoyed the data. So, it is much worse than the report appears.

[Georgia Girl 2]

More like deflationary depression.

[Tallguy]

I think that if the books hadn’t been cooked that we’d realize that still have yet to emerge from the 2008 meltdown. History will record this as the Bush-Obama Depression.