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US Industrial Production Tanks

CAN WE STILL BLAME THE WEATHER? The U.S. economy is still struggling to shake off a disappointing start to 2014 … and this time the weather can’t be blamed for the lethargy. American industrial output unexpectedly slipped in April by 0.6 percent – its worst performance since August 2012. March’s…

CAN WE STILL BLAME THE WEATHER?

The U.S. economy is still struggling to shake off a disappointing start to 2014 … and this time the weather can’t be blamed for the lethargy.

American industrial output unexpectedly slipped in April by 0.6 percent – its worst performance since August 2012. March’s performance was upwardly revised to a 0.9 percent gain, though, according to data released by the Federal Reserve.

U.S. industry operated at only 78.6 percent of its capacity last month – down from 79.3 percent in March. Not exactly firing on all cylinders, huh?

“While soft-survey-driven data shows sentiment rebounding after Americans hibernation, it appears the hard data on what they are actually producing – now that weather is behind us – is dismal,” the website Zero Hedge notes.

Bloomberg offered a more cheerful tone, referring to the April data as “a pause after the biggest back-to-back monthly gains in manufacturing since 2010.”

So … you can swallow the bitter pill or the happy pill.

Your pick …

 

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15 comments

GrandTango May 15, 2014 at 11:25 am

President Obama is doing the best he can to get this $#%& under control. Don’t lose your patience because he was left with a mess by the Republicans.

GAY PRIDE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Reply
TontoBubbaGoldstein May 15, 2014 at 12:19 pm

Tango’s got a fanboy…..

*looks around for other Apocalyptic signs*

Reply
GrandTango May 15, 2014 at 12:22 pm

Your @%$# right I do. I love myself. I found out that with a few stretching exercises, I can swallow my own d#$% and even stick it up my own @$$ with a little work. I am going to let it all hang out now.

Reply
TontoBubbaGoldstein May 15, 2014 at 12:32 pm

I found out that with a few stretching exercises, I can swallow my own d#$%…

SPIT IT OUT, T!!!!

IT’S NOT YOURS!!!!!!

Reply
euwe max May 15, 2014 at 2:52 pm

Ron Paul doesn’t count?

Reply
Just another guy May 15, 2014 at 11:41 am

Watch the 10 year Treasury. It is tanking right now in the face of hot inflation numbers. Right now trading at 2.47%. There is a carney in the coal mine right now and that is it. It broke technical levels yesterday and if it closes the week below 2.57%, it should go down to 1.94%. Great time to refi but horrible times in the economy.

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GrandTango May 15, 2014 at 11:55 am

This nation needs an enema, in the form of flushing the democrats from power. Until we get rid of Obama and his party of failure…don’t expect any healing or recovery…

PS: The SC home sales numbers are out this morning for April sales…another declining month…that’s downward sales data for 5 of the last 6 months…and we’re doing better, jobs-wise than many states…

The country is in a freaking mess…and we need to turn it around, get America back from the negative forces that have taken it over…

Reply
GrandTango May 15, 2014 at 12:28 pm

I might add that I know a lot about enemas because they are essential in getting all that Santorum out of my anal canals.

Reply
RogueElephant May 16, 2014 at 8:33 am

Having had several enemas down through the years I think I would prefer one to Santorum.

Reply
GrandTango May 15, 2014 at 12:49 pm

If I have offended anyone on here I will be behind the Obama Store on N Main Street in Columbia today, a little after 3 PM. If I can ease the burden I have caused for so many of you by performing sex acts for you I will. I want to atone for my bad behavior.

Reply
CorruptionInColumbia May 15, 2014 at 6:35 pm

Dude, get back on your meds, soon! I guess that gay monkey guy must have been telling us the truth.

Scary!

Reply
GrandTango May 16, 2014 at 7:46 pm

That would have even gone for you F#$%ing liberal-tarians if you had been smart enough to be there on time. Too bad for you that you didn’t have enough since to be there when the getting was good.

Reply
CorruptionInColumbia May 16, 2014 at 7:52 pm

Whew! I’m glad to not be too smart, for once in my life. Thanks but no thanks on ANY kind of physical relationship with you or any other guy.

Reply
Norma Scok May 15, 2014 at 2:37 pm

Interesting. Scout Boats in Summerville plans a $2.5 million expansion and add 300 jobs…

http://www.postandcourier.com/article/20140513/PC05/140519752/1010/scout-boats-to-expand-add-300-jobs-in-dorchester-county
Somehow I missed this in Fit’s economic reports.

Reply
truthmonger May 15, 2014 at 9:52 pm

Yep. Not all businesses are irresponsible. There are some out there who find it easy to make a profit, treat employees fairly, and grow. Real American businesses, not the American – in – name – only corporations killing our economy.

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