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Keyword: richmondfed

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  • The Thrill Is Gone! Richmond Fed Index Plummets To Covid-era Levels (Conference Board’s Consumer Confidence Falls Below 100) As Fed Withdraws Stimulus

    06/28/2022 10:12:44 AM PDT · by Browns Ultra Fan · 10 replies
    Confounded Interest ^ | 06/28/2022 | Anthony B. Sanders
    It took a while and trillions in fiscal and monetary stimulus to recover from Covid-era economic lockdowns, but now that the monetary stimulus is being withdrawn, the economy is stalling. If you look at the chart below, you can see that “The Thrill Is Gone” from monetary and fiscal stimulus. And The Conference Board’s Consumer Confidence Index fell below 100 as M2 Money Stock YoY returns to pre-Covid levels. You are gonna have to face it, we’re addicted to gov (stimulus).
  • Richmond Fed - Oops Now this is just plain bad.

    10/23/2012 9:45:09 AM PDT · by Snuph · 3 replies
    Market-Ticker ^ | 2012-10-23 | Karl Denninger
    Manufacturing activity in the central Atlantic region pulled back in October after improving somewhat last month, according to the Richmond Fed’s latest survey. The seasonally adjusted index of overall activity was pushed lower as all broad indicators of activity—shipments, new orders and employment—were in negative territory. Other indicators also suggested additional softness. Capacity utilization turned negative, while backlogs remained negative but improved from its September reading. Moreover, the gauge for delivery times changed little, while raw materials inventories grew at a slightly quicker pace, and growth in finished goods edged lower. Yuck. The table is just plain ugly. I'm sure...