Ok so, the Philly Fed manufacturing report came in really, really badly. Unfortunately I don’t have time to completely dissect but here is the chart

A quick quote

The demand for manufactured goods, as measured by the current new orders index, paralleled the decline in the general activity index, falling 27 points. The current shipments index fell 18 points and recorded its first negative reading since September of last year. Suggesting weakening activity, indexes for inventories, unfilled orders, and delivery times were all in negative territory this month.

Firms’ responses suggest a deterioration in the labor market compared with July. The current employment index fell 14 points, recording its first negative reading in 12 months. About 18 percent of the firms reported an increase in employment, but 23 percent reported a decrease. The percentage of firms reporting a shorter workweek (28 percent) was greater than the percentage reporting a longer one (14 percent). The workweek index fell 9 points.

There is just no good way to look at this. Maybe more later if I get a chance, but double dip odds are strongly rising.

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Thursday ~ August 18th, 2011 at 12:58 pm

Thursday links: bottoms take time | Abnormal Returns[...] Philly Fed report was a “total disaster.” (Pragmatic Capitalism, Modeled Behavior, Calculated [...]

Saturday ~ August 20th, 2011 at 12:08 am

Gary LammertThe Null Hypothesis and the Science of Saturation Macroeconomics

On Monday and Tuesday, 22 August and 23 August there will be a global nonlinear equity crash of historical proportions.

And on these two days one of the greatest hypothesis of the 21st century, ‘quantitative saturation macroeconomics’ will be validated.

The debt/money/asset macroeconomic system has its own intrinsic very quantitative operating laws that represent ideal fractal time dependent self assembly of asset saturation curves and define the counterbalancing limits of the macroeconomic saturation system. An understanding of saturation macroeconomics as a science with self assembly and self organization laws equal to physics and chemistry and biology can potentially guide global economic policy, monetary policy, and banking money-creation policy, and change rules regarding speculation on leverage assets.

These very simple laws were empirically observed in repetitive time based fractal patterns of varying time dimensions throughout the time based evolution of asset valuation curves and were defined in 2005 in the Main Page of the Economic Fractalist.

x/2.5x/2x/1.5-1.6x . The first three fractal phases are asset saturation growth fractals and the final or fourth fractal is an asset valuation decay fractal. X is a unit of trading time whose dimension can be minutes, hours, days, weeks, months, years, or decades. The 1.5-1.6x fourth fractal can itself be composed of a decaying x/2.5x/2x/1.5-1.6x 4 phase fractal series or a y/2-2.5y/2-2.5y 3 phase decay fractal series. The third fractal is ideally 2x in length but can be extended to 2.5x in length if growth is favored by underlying money supply growth or if the preceding valuation decay is significantly great.

On 11 August 2011 in Alpha’s The Economic Fractalist Instablog a final decaying growth sequence was predicted as a 27 July 2011 3/8/6-8/5 day 4 phase fractal with a potential of a 2.5x 8 day third fractal extension.

The 20 August 2011 actual fractal progression is currently 3/8/7/3 of 5 days with a dropping of the Wilshire composite equity valuation near the 9 August 2011 interday low.

The NASDAQ final fractal sequence leading to today’s near low begins its final fractal crash journey with its first base fractal including the key reversal day 3 year high on 2 May 2011. The first base fractal of the ensuing pristinely perfect x/2.5x/2x/1.5-1.6x sequence is a 13 day fractal starting 18 April 2011 and ending on 5 May 2011 intraday low to intraday low. The preceding end of one fractal is the beginning of the next fractal; incipient growth begins in final decay. There is an elegant integration process in quantitative saturation macroeconomics where larger initiating growth time unit, for instance, an incipient growth fractal denominated in the unit of a year incorporates a decay period of the last few of the final lower order time units, for instance, one or two terminal decay months of the preceding monthly low to low fractal series may be incorporated lasting into the follow fractal that last for a 100 months.

32 trading days later, after the first 13 day fractal end on 5 May 2011, an averaged NASDAQ low was made on 20 June 2011. The intraday low fell two trading days before but the averaged low of June 20 was equivalent to the averaged low of that day and was decidedly lower than the 20 June preceding day’s trading average. Third fractal growth concluded 26 trading days later on 26 July 2011 with lower low gap between the 26 July and 27 July delineating the 4th decay fractal of an expected 26 July 2011 1.5-1.6x :: 20 to 21 trading days. 19 August was day 19 of the expected 20 to 21 day :: 1.5:1.6x fourth fractal.

Interpolated terminal fractal sequences are everywhere:

Starting on 14 July 2011 an interpolated fractal series : 3/8/6/5 days:: x/2.5x/2x/1.6x ending on 5 August followed by and starting on 5 August a 2/5/3 of 5 days :: y/2.5y/2.5y decay fractal…..

Starting on 18 July 8/18 of 20 days x/2.5x …..

Starting on 27 July for the 18 day second fractal of the 8/18 of 20 day fractal series: 3/8/7/3 of 5 days

and finally starting on 18 April the reflexic fractal series proportionally identical to the 20/50/40 days x/2.5x/2x series that prospectively was predicted by Saturation Macroeconomics in the Huffington Post to be the Wilshire’s nonminal final high on 11 October 2007, a 13/32/26 day :: x/2.5x/2x reflexic growth fractal with a (decaying) 26th day lower high followed by a delineating gap and a 26 July 2011 19 of 20-21 day 1.5-1.6x 4th fractal which on 20 August 2011 is sitting on the edge of 154 year US Composite Equity second fractal nonlinearity that began in 1858..

The Null Hypothesis for the Science of Saturation Macroeconomics

Technically via the Chartist and in the qualitative perspective of a collapsing Euro Union and Euro currency and a polarized, nonnationalistic, corporate owned US government now hawking austerity, the 22 and 23 August 2011 asset collapse in weeks months years retrospectively will be perceived as obvious and expected. But the null hypothesis will remain: Why did the collapse occur on the 20th and 21st day of an ideal 4 phase 13/32/26/20-21 day :: x/2.5x/2x/1.5-1.6x Lammert fractal.

Why did it end in precisely this time course. It is the implosion of the system’s supporting money supply that is causing the collapsing fractal patterns. This is how the macroeconomic system works.

Null hypothesis: the collapse on 22 and 22 August 2011 is not related at all to the simple fractal quantum laws of saturation macroeconomics and the easily observed 18 April 2011 Lammert x/2.5x/2x/1.5-1.6x pattern of 13/32/26/20-21 days with the crash coming on days 20 and 21 of the defined fourth decay fractal is occurring by chance and chance alone.

This null hypothesis can be applied to larger order fractals including the 34/84 of 85 Wilshire x/2-2.5x quarter (3 month) fractal beginning in 1982 and the 70-71/153 year US equity fractal beginning near the ratification of the constitution in 1788-89.

Friday ~ August 19th, 2011 at 2:56 am

Vacation Reading | Just Above Sunset[...] bottom fell out. And at Modeled Behavior Karl Smith comments – “There is just no good way to look at this.” We’re pretty much where we were [...]

Friday ~ September 2nd, 2011 at 6:20 pm

Exploring stimulus policy « MetaSD[...] to celebrate the bad economic news and increasing speculation of a double-dip depression replay, here are some reflections on policy, [...]