The Traderszone Network

Published in TZ Latest News 15 December, 2014 by The TZ Newswire Staff

Industrial Production Surges Most Since May 2010 Thanks To Subprime Auto Loans & Polar Vortex 2.0

Thanks to ‘entirely sustainable’ 5.1% MoM surges in both Motor Vehicle manufacturing (thank you Subprime) and Utilities (thank you Polar Vortex 2.), Industrial Production in November surged 1.3% (against expectations of +0.7%) for the biggest rise since May 2010. For context, November’s surge is the 2nd biggest monthly rise since October 1998… sound right? With factory output now above late-2007 pre-recession peak levels, it seems The Fed will find it hard to talk this one down to justify lower-for-longer…

read more