NY Manufacturing "Unexpectedly" Contracts

[Lemming]

If by "unexpected" you mean "we completely told you so."

http://www.rttnews.com/2683412/new-york-manufacturing-activity-unexpectedly-contracts.aspx?google_editors_picks=true

New York Manufacturing Activity Unexpectedly Contracts


8/15/2016 9:47 AM ET
Manufacturing activity in the New York region unexpectedly contracted in the month of August, according to a report released by the Federal Reserve Bank of New York on Monday.

The New York Fed said its general business conditions index fell to a negative 4.21 in August from a positive 0.55 in July. A negative reading indicates a contraction in New York manufacturing activity.

The decline by the index came as a surprise to economists, who had expected the index to climb to a positive 2.50.

[Mad Russian]

It's only a "surprise" to those with rose colored glasses. Everyone else who has even a basic understanding of economics isn't surprised at all.
High taxes, crushing regulation, hostile legislation and legislature isn't exactly a welcome to manufacturing or business in general.

[Synner]

Just do what most people in mid 40s age range are doing....

Ride it out until you can retire somewhere else.

[Barnslayer]

We often hear about "todays economy". A more honest term would be oblamer's economy.

That's not even taking into account Princess Andy's own contribution to chasing away and otherwise punishing NYS businesses.

[Ancap]

Goes way beyond Obama. Just about every president and politician in the past 100 years contributed to the strangulation of econmic freedom in this country. Of course there were a few exceptions like Harding and Coolidge. But even they added to the leviathan in some ways

[mossy930spx]

Just do what most people in mid 40s age range are doing....

Ride it out until you can retire somewhere else.

Eff that. By 41 I'll be in a free state.

[Synner]

Eff that. By 41 I'll be in a free state.

I envy you. I would go tomorrow if my job would transfer me.

[mossy930spx]

I envy you. I would go tomorrow if my job would transfer me.

If you want to leave you got to make it happen.

Once I have enough for a house I'll be looking for employment in various areas of TN.

Wife is on board. 2019 I begin my hunt.

[Synner]

If you want to leave you got to make it happen.

Once I have enough for a house I'll be looking for employment in various areas of TN.

Wife is on board. 2019 I begin my hunt.

Yeah, I know. I am with a good company that has a pension which is unheard of nowadays so unless I transfer the loss of the pension is huge.

Golden handcuffs and all that. Not complaining but it's just harder due to that.

But TN is on my radar although I also liked CO when I visited years back. Not sure what the climate is now politically speaking.

[mossy930spx]

Yeah, I know. I am with a good company that has a pension which is unheard of nowadays so unless I transfer the loss of the pension is huge.

Golden handcuffs and all that. Not complaining but it's just harder due to that.

But TN is on my radar although I also liked CO when I visited years back. Not sure what the climate is now politically speaking.

So the math on your taxes paid here. You'd probably be ahead in 10 years once you left.

Change is scary shit. But there's no benefit to stick it out in my opinion. Druggies and liberal shit dealers are living off your hard earned taxed property and income.

Its disgusting.

[LiDad]

But but but....I see ads on TV all the time saying how NY is expanding business and manufacturing thanks to economic development zones and tax breaks!

[Huntington Guy]

This is a good a place as any (not trying to hijack your thread OP, it relates). Every month we hear about record unemployment, 4.6% I think on LI. Every quarter we hear the fed tell us how many jobs have been created and how peachy everything is. Usually 2 months after these reports are released, they friggin revise them, downward. Every, single time. I have had so many WTF moments reading labor reports and knowing the numbers are pure fiction.
How can any agency be so incompetent that they are wrong every time? (Sarc on) How is there not outrage that these bullshit numbers keep getting published and adjusted?
OP includes a chart that largely shows what I am saying and that's only NY, geez.

[Mad Russian]

This is a good a place as any (not trying to hijack your thread OP, it relates). Every month we hear about record unemployment, 4.6% I think on LI. Every quarter we hear the fed tell us how many jobs have been created and how peachy everything is. Usually 2 months after these reports are released, they friggin revise them, downward. Every, single time. I have had so many WTF moments reading labor reports and knowing the numbers are pure fiction.
How can any agency be so incompetent that they are wrong every time? (Sarc on) How is there not outrage that these bullshit numbers keep getting published and adjusted?
OP includes a chart that largely shows what I am saying and that's only NY, geez.

They be adjustamated 'cause homey gots hired, went to da job fo' week or three den he say "Fok dis sheeet maaan! I gets mo' Benjamins from de baby mamas! Nowhatimsaying!"