The US Is In Recession According To These 7 Charts

[rangerrebew]

 

The US Is In Recession According To These 7 Charts

 Submitted by Tyler Durden on 05/13/2015 11:25 -0400

 

The evidence continues to mount...

"Most since Lehman" has become the new meme for macro-economic data in the US as day after day brings another lacklustre superlative to be dismissed with some excuse by the cognoscenti of sell-side economists...



 

 Of course, that is aside from anything related to aggregate jobs that is spewed by the government's official ministries of truth... (do not look at this chart)



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So here are seven charts that scream "recession" is here...

Retail Sales are weak - extremely weak. Retail Sales have not dropped this much YoY outside of a recession...



 

And if Retail Sales are weak, then Wholesalers are seeing sales plunge at a pace not seen outside of recession...



 

Which means Factory Orders are collapsing at a pace only seen in recession...



 

And Durable Goods New Orders are negative YoY once again - strongly indicative of a recessionary environment...



 

Which is not going to improve anytime soon since inventories have not been this high relative to sales outside of a recession



 

In fact, the last time durable goods orders fell this much, The Fed launched QE3 - indicating clearly why they desperately want to raise rates imminently... in order to have some non-ZIRP/NIRP ammo when the next recession hits.

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And just in case you figured that if domestic prosperity won't goose the economy, Chinese and Japanese stimulus means the rest of the world will save us... nope!! Export growth is now negative... as seen in the last 2 recessions.



 

And deflationary pressures (Import Prices ex-fuel) are washing upon America's shores at a pace not seen outside of a recession...



 

*  *  *

But apart from that, given that US equities are at record highs, everything must be great in the US economy...


http://www.zerohedge.com/news/2015-05-13/us-recession-according-these-7-charts

[DCPatriot]

Nothing has changed for the better, since January 2009.

Hope and change my lily white a$$.   

[truth_seeker]

California just reported a $3 billion budget surplus. Unemployment down.

Residential construction booming, homes sell as fast as built. Residential resale real estate such that reasonably priced listings often sell in in a week or less, at above listed prices.

And California is a net contributor to the federal budget, not a taker. The majority of the worst "Taker" states are Republican now days, since the shift in parties to pull the olde South into the GOP column.

I remember when the economy crashed. Conservative forums were loud and clear predicting California was done, a goner. No way it would rebound.

http://www.theatlantic.com/business/archive/2014/05/which-states-are-givers-and-which-are-takers/361668/

What do all those "Taker" states do with the money they get from DC anyway? Interesting article:

http://www.theatlantic.com/business/archive/2014/05/which-states-are-givers-and-which-are-takers/361668/

Which States Are Givers and Which Are Takers?

[jmyrlefuller]

Every 8 years.

1999, economy was soaring, then the bubble burst.

2007, economy was soaring, then the bubble burst.

2015... you get the picture.

[truth_seeker]

If one only had a very short adult lifetime, and based all their views on that limited, small sample size, one might conclude 8 years.

However with more experience, and inclination to search for a broader set of facts, one would learn the US has had varying time interval's, between recessions.

Here is a chance to look at those facts. Go to "Great Depression Onward," down the page.

http://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States