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Gold just fell off a cliff..., page-661

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    Below is a selection of the US economic data points that have missed expectations in just the past month.
    MISSES
    1. Personal Spending
    2. Construction Spending
    3. ISM New York
    4. Factory Orders
    5. Ward's Domestic Vehicle Sales
    6. ADP Employment
    7. Challenger Job Cuts
    8. Initial Jobless Claims
    9. Nonfarm Productivity
    10. Trade Balance
    11. Unemployment Rate
    12. Labor Market Conditions Index
    13. NFIB Small Business Optimism
    14. Wholesale Inventories
    15. Wholesale Sales
    16. IBD Economic Optimism
    17. Mortgage Apps
    18. Retail Sales
    19. Bloomberg Consumer Comfort
    20. Business Inventories
    21. UMich Consumer Sentiment
    22. Empire Manufacturing
    23. NAHB Homebuilder Confidence
    24. Housing Starts
    25. Building Permits
    26. PPI
    27. Industrial Production
    28. Capacity Utilization
    29. Manufacturing Production
    30. Dallas Fed
    31. Chicago Fed NAI
    32. Existing Home Sales
    33. Consumer Confidence
    34. Richmond Fed
    35. Personal Consumption
    36. ISM Milwaukee
    37. Chicago PMI
    38. Pending Home Sales
    39. Personal Income
    40. Personal Spending
    41. Construction Spending
    42. ISM Manufacturing
    43. Atlanta Fed GDPNow
    So a pattern emerges: we have an economy in which jobs and only jobs are acting as if there is a strong recovery, while everything else is sliding, disappointing economists, and in fact hinting at another contraction (whatever you do, don't look at the Fed's internal model of Q1 GDP).

    http://www.zerohedge.com/news/2015-03-17/something-strange-going-nonfarm-payrolls
 
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