Submitted by Tyler Durden on 03/15/2012 08:33 -0400
Here is today's full data dump, presented in summary form
Initial claims: 351K vs 356K Expected, Previous revised higher of course from 362K to 365K, just as we predicted last week.
This number will be revised to +354K next week.
Empire Fed: 20.21, Exp. 17.50, up from 19.53 previously
New Orders dropped 6.84 vs 9.73
Prices Paid explodes to 50.62, 25.88 previous. Biggest Rise since January 2009
PPI: 0.4% vs 0.5% Exp, 0.1% Previous
PPI ex food and energy: 0.2%, Exp 0.2%
The only two charts of note from today's data dump that matter: Prices Paid, +25, and Prices Received: -2. Goodbye corporate margins.
Prices Paid:
charts........................
http://www.zerohedge.com/news/todays-full-economic-data-dump-claims-empire-manufacturing-and-ppi-where-prices-paid-literally-?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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