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Politics : Illyia's Heart on SI -- Ignore unavailable to you. Want to Upgrade?

To: illyia who wrote (7448)	3/28/2012 11:32:28 AM
From: illyia	Respond to of 7567

Durable Goods Miss, Inventory Stockpiles Soar To New All Time High By Tyler Durden Published on ZeroHedge ( http://www.zerohedge.com) Created 03/28/2012 - 08:46 [1] Submitted by Tyler Durden [1] on 03/28/2012 08:46 -0400 Gross Domestic Product [2] We have been keeping a close eye on economic reports in the month of March and as of this morning's just reported Durable Goods number we are now officially at miss 15 of 17. The headline print was +2.2% to a total of $211.8 billion, on expectations of +3.0%, up from a revised -3.6% decline in January. Ex-transportation, the number was +1.6% on expectations of a 1.7% increase, while Non-defense ex aircraft was up 1.2% on Exp. of 1.5%. The primary driver in the core slump was electrical equipment which slide 2.5% in February from $10.5 billion to $10.25 billion - are Americans getting all "gizmoed out?" And finally, for those who are saying the inventory restocking is over, we have two words: Dead Wrong. "Inventories of manufactured durable goods in February, up twenty-six consecutive months, increased $1.6 billion or 0.4 percent to $373.7 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.6 percent January increase. Machinery, up twenty-three consecutive months, had the largest increase, $0.6 billion or 0.9 percent to $62.2 billion. This was also at the highest level since the series was first published on a NAICS basis." That's right - inventories just hit an all time high having increased 26 months in a row. And now you know where US economic "growth" has been hidden all these years. But yes, if you build it, they will come. Eventually. In the meantime, expect sell-side desks to again enact Q1 tracking GDP reductions. Durable Goods [3] Inventories: simply stunning. [4] Similar Articles You Might Enjoy: Gross Domestic Product Source URL: http://www.zerohedge.com/news/durable-goods-miss-inventory-stockpiles-soar-new-all-time-high Links: [1] zerohedge.com [2] zerohedge.com [3] zerohedge.com [4] zerohedge.com

To: illyia who wrote (7448)	3/28/2012 11:35:10 AM
From: illyia	Respond to of 7567

This Is The World's Balance Sheet By Tyler Durden Published on ZeroHedge ( http://www.zerohedge.com) Created 03/27/2012 - 21:16 [1] Submitted by Tyler Durden [1] on 03/27/2012 21:16 -0400 Central Banks [2] Japan [3] It is rather surprising that in a world in which anything and everything is only about money, it is next to impossible to find a consolidated balance sheet of the world's insolvent economies (i.e., the developed countries: US, Japan and the Euro Area). So for all those seeking a visual presentation of all the liabilities that have to be inflated away by the central banks (because that's what this is all about), rejoice: the broke world is presented below in its glory. The irony is that the problem would be quite fixable if it weren't for one minor issue: the bulk of the world's assets also happen to be its liabilities! At the end of the day, this may prove to be the fatal flaw in the chairman's attempt to dilute the global liabilities, he will be doing the same with the assets. We will follow up with an analysis of what this actually means shortly (those who have been reading in the past year can come to their own conclusions), but more importantly we well next show how the global "household" sector is invested across these three distinct economies by assorted asset class. Prepare to be rather surprised as various conventionally accepted notions are thoroughly debunked... [4] Similar Articles You Might Enjoy: Central Banks Japan Source URL: http://www.zerohedge.com/news/worlds-balance-sheet Links: [1] zerohedge.com [2] zerohedge.com [3] zerohedge.com [4] zerohedge.com