The ObozoConomy, Part 43,557

ZeroHedge provides perspective not found elsewhere.

US economic data is not 'strong', is not 'goldilocks', is not 'decoupled', is not 'solid'. In fact, it's absolutely terrible. Bloomberg's US Macro data indicator which tracks both beats-and-misses and improvement/deterioration in data - is at 11-month lows. February alone has seen 29 data items miss expectations


Such as?  Glad you asked!!

US macro at 11-month lows... (note that the data cliff-dives at end Sept 2014 - which corresponds with the government's fiscal-year-end)

February...
MISS

• Personal Spending
• Construction Spending
• ISM New York
• Factory Orders
• Ward's Domestic Vehicle Sales
• ADP Employment
• Challenger Job Cuts
• Initial Jobless Claims
• Nonfarm Productivity
• Trade Balance
• Unemployment Rate
• Labor Market Conditions Index
• NFIB Small Business Optimism
• Wholesale Inventories
• Wholesale Sales
• IBD Economic Optimism
• Mortgage Apps
• Retail Sales
• Bloomberg Consumer Comfort
• Business Inventories
• UMich Consumer Sentiment
• Empire Manufacturing
• NAHB Homebuilder Confidence
• Housing Starts
• Building Permits
• PPI
• Industrial Production
• Capacity Utilization
• Manufacturing Production

BEAT

• Personal Income
• Markit Services PMI
• Nonfarm Payrolls
• JOLTS

Another few months like that, and we'll be exactly where Obozo wants us:  another recession!