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Industrial Production Confirmed Economic Slowdown In July As Stocks Bubbled
Industrial Production slowed in July, while stock prices were bubbling away. QE apparently caused a stock market bubble but it has not boosted production. The Fed reported last week that seasonally...
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Economy Plods on As Fed Sows The Seeds of Destruction
The seasonally adjusted headline number for February Industrial Production crushed economists’ expectations, coming in at a month to month gain of 0.6% versus the pros’ guesstimate +0.1%. Wall Street...
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Electric Power Heating Up
On Wednesday I posted a chart showing the acceleration in Federal withholding tax collections in real time. Another chart that isn’t in real time but is probably a good proxy for the US economy is...
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Industrial Production A High Energy Good News – Bad News Story
I saw the great numbers on Industrial Production (IP) the other day and wondered what the heck is going on. So much of the data that I watch and write about here shows the US economy and most Americans...
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Industrial Production Up 3.2%, But 2.5% Ex Raging Energy Boom
The Fed’s actual, not seasonally adjusted (NSA) Industrial Production Index was up 3.2% over the past 12 months after declining by 2.1% in April from March. The prior 10 year average decline for the...
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Industrial Production Surge Looks Like 2007 Just Before Economy Collapsed
The headline number on Industrial Production “missed” today, coming in at a seasonally adjusted gain of 0.2% versus the economic consensus guess of 0.4%. But is that accurate and does it matter? The...
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The Real Force Behind US Economic “Growth,” Such As It Is, Is Not The Fed
Industrial Production – Click to enlarge As the stock market has scooted off into Fed driven bubble territory over the past year, industrial production, on the surface at least, appears to be expanding...
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Industrial Production Chirps Like A Canary
The US Industrial Production (IP) Index slowed in March to an annual growth rate of +2.0%. That was the slowest since July 2013 when the growth rate briefly dropped to +1.7%. IP is measured on the...
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The Stock Market Is The Economy, So…
The Fed’s Industrial Production (IP) Index slowed dramatically in April. It weakened enough to decisively break the uptrend in force since 2011, when the trend growth rate slowed from the bungee...
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Here’s What You Need to Know About Industrial Production That Big Media...
U.S. Industrial Production Ratchets Up in July trumpeted the Wall Street Journal on Friday. It added that, “Industrial production, a measure of output in the manufacturing, utilities and mining...
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