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Author Topic: Manufacturing output expands for first time in 18 months (Recession Likely Over)  (Read 571 times)

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Offline Freeper

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Manufacturing output expands for first time in 18 months (Recession Likely Over)
« on: September 01, 2009, 09:29:00 AM »
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scheming daemons  Donating Member  (1000+ posts)  Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Tue Sep-01-09 10:16 AM
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Manufacturing output expands for first time in 18 months (Recession Likely Over)
   


Manufacturing Index Shows Economy Escaping Recession
Published: Tuesday, 1 Sep 2009 | 10:09 AM ET Text Size By: Reuters

Manufacturing expanded for the first time in 18 months while the overall economy grew for the fourth month in a row, according to the latest Institute of Supply Management report.

ISM said its index of national factory activity rose to 52.9 in August from 48.9 in July. The median forecast of 78 economists surveyed by Reuters was for a reading of 50.5.

A reading above 50 indicates expansion in the manufacturing sector.

The last time the index showed growth in the sector was in January 2008 with a reading of 50.8.

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http://www.cnbc.com/id/32641014


Note for lurking Freepers: Obama's been in office for less than 8 months. We've been in a "manufacturing recession" for 18 months. This is your recession that the Obama administration is digging us out of.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x6436730

Funny the recession of 2001 was Bush's fault.  :whatever:



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Offline jukin

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Re: Manufacturing output expands for first time in 18 months (Recession Likely Over)
« Reply #1 on: September 01, 2009, 09:34:14 AM »
Nobody and I mean nobody is buying automation equipment.
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Offline Freeper

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Re: Manufacturing output expands for first time in 18 months (Recession Likely Over)
« Reply #2 on: September 01, 2009, 09:35:46 AM »
Quote from: jukin on September 01, 2009, 09:34:14 AM
Nobody and I mean nobody is buying automation equipment.

Actually its the people on food stamps buying crab legs. See socialism works.  :lmao:
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Offline DumbAss Tanker

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Re: Manufacturing output expands for first time in 18 months (Recession Likely Over)
« Reply #3 on: September 01, 2009, 09:40:41 AM »
Two up numbers in a row and maybe it will show a trend, one is just a blip.
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Offline USA4ME

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Re: Manufacturing output expands for first time in 18 months (Recession Likely Over)
« Reply #4 on: September 01, 2009, 09:42:24 AM »
Note for lurking primitives:  If we've been in a "manufacturing recession" for 18 months, that coincides with the 2006 elections and the Dem takeover of Congress, which always concerns business just like it did in 93-94.  The recession is yours and Dear Leader has already set the wheels in motion to make it worse.  Just wait until inflation hits.

Oh, and you idiots know NOTHING about economics.  Nothing.  Please make sure you hang your hat on this insignificant news as though it is the whole picture.

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« Last Edit: September 01, 2009, 11:03:20 AM by USA4ME »
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Offline Chris_

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Re: Manufacturing output expands for first time in 18 months (Recession Likely Over)
« Reply #5 on: September 01, 2009, 11:12:43 AM »
I would imagine that "Cash for Clunkers" has something to do with it, and we all know that was just borrowing future demand, so now that it is over, the fed has two choices: either come up with a new giveaway, or settle for the eventual crash in the manufacturing sector.........

doc
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Offline BlueStateSaint

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Re: Manufacturing output expands for first time in 18 months (Recession Likely Over)
« Reply #6 on: September 01, 2009, 11:26:42 AM »
Quote from: TVDOC on September 01, 2009, 11:12:43 AM
I would imagine that "Cash for Clunkers" has something to do with it, and we all know that was just borrowing future demand, so now that it is over, the fed has two choices: either come up with a new giveaway, or settle for the eventual crash in the manufacturing sector.........

doc

I think you're onto something.
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Offline Chump

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Re: Manufacturing output expands for first time in 18 months (Recession Likely Over)
« Reply #7 on: September 01, 2009, 11:30:26 AM »
These people should stick to what they know and economics ain't anywhere on that list.

Our economy is 70% consumer spending.  YOY numbers on retail are dismal (entirely negative) even after last month's back to school shopping.

CRE is about blow up as well, credit is still tight, real unemployment is at 16% and rising, and foreign demand for our Treasuries is nil (QE be damned).  The dollar is getting hammered and winter is coming along, so we can look forward to higher fuel prices across the board.  Fun stuff when most people's budgets are already stretched to the limit.

For all intents and purposes, this recession has barely started and Obama is hell-bent on turning it into a deflationary depression.  Never waste a good crisis, amirite?  DUmmies wouldn't know it, though.  The only thing they know is what MSNBC feeds them.
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Offline DumbAss Tanker

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Re: Manufacturing output expands for first time in 18 months (Recession Likely Over)
« Reply #8 on: September 01, 2009, 01:05:09 PM »
Looks like 'scheming daemons' forgot to tell the stock market the good news, it's having a heart attack today.
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