{"id":1483811,"date":"2024-08-15T13:40:00","date_gmt":"2024-08-15T17:40:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1483811"},"modified":"2024-08-15T13:40:00","modified_gmt":"2024-08-15T17:40:00","slug":"they-cant-keep-the-lies-straight","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/they-cant-keep-the-lies-straight\/1483811\/","title":{"rendered":"They Can’t Keep The Lies Straight…"},"content":{"rendered":"

They Can’t Keep The Lies Straight…<\/span><\/p>\n

\n

OMFG!….they can’t keep the lies straight.<\/strong><\/em><\/p>\n

For the 13th month in the last 16, US Industrial Production data was revised lower (significantly lower)…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

That meant US industrial production tumbled 0.6% MoM in July (dragging production down 0.2% YoY after revisions)…<\/strong><\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

US manufacturing also tumbled more than expected (-0.3% MoM) and thanks to yet more downward revisions, the YoY change fell to just 0.1%…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Capacity Utilization fell again to 77.8% – well below expectations…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

And finally, this will really make you laugh… remember 30 mins ago when Retail Sales data showed a surge in auto sales<\/strong> <\/a>(despite CPI signaling prices plunging because dealers can’t sell them)… well guess what happened to auto production – it collapsed!!!!<\/strong><\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

That is the biggest 3-month decline in auto production since the COVID lockdowns…<\/strong><\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Does that sound like automakers are buying what the government’s retail sales data is selling?<\/strong><\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nThu, 08\/15\/2024 – 09:40<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/they-cant-keep-lies-straight<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

They Can’t Keep The Lies Straight… OMFG!….they can’t keep the lies straight. For the 13th month in the last 16, US Industrial Production data was…<\/p>\n","protected":false},"author":0,"featured_media":1483812,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1483811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1483811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1483811"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1483811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1483812"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1483811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1483811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1483811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}