Dundie Awards: Industrial Production YoY Fell For 14th Straight Month (Longest Streak In NON-Recession Period)

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

And a Dundie Award goes to … Washington DC for the notable achievement of 14 straight months of industrial production decline YoY.  The longest string of contraction without a recession in 96 years.

ip14

Notice that since 1984, this has been the longest contraction without a recession. Quite an accomplishment!

ipyoylt

For October, month-over-month (MoM) growth in industrial production was … 0%.

ipcap

A second Dundie Award goes to Washington DC for the longest non-recession streak of capacity utilization below 80% in history.

caputdadafa

And wonder why wage growth is so pathetic for 82% of the US population? The worst wage/earnings recovery post-recession since 1965.

1965lbj

Two Dundies go to Congress, the Administration and The Federal Reserve (joint winners!) for lousy industrial production growth and sub-80% capacity utilization.

Here is a video of Fed Chair Janet Yellen with her Dundie Award.

dundie-award

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.