Chicago PMI Prints At Multi-Decade High At 68.8 On Expectations Of 64.5, "Steel Prices Are Going Crazy"

Tyler Durden's picture

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Mad Max's picture


CRKT, Ka-Bar, Ontario, or maybe Queen Cutlery.  Say no to dopey videos styled like WWF shows.

Racer's picture

Oh and how come there was 'market talk of a better than expected' number before the number came out???

TruthInSunshine's picture


Orwell would be blushing, no doubt.

FunkyMonkeyBoy's picture

Tell me lies, tell me sweet little lies.

alien-IQ's picture

"Employment strengthened to a height not seen since May 1984"

WHAT THE FUCK??????????

Hondo's picture

Remember this is a diffusion index...the level of the index means nothing as to the level of actual production.

Dick Darlington's picture

Seems like every single metric points to accelerating inflation except the one Benron is watching.

Tic tock's picture

A Harry Wanger moment

Oh regional Indian's picture

If you look at the situation in Queensland, getting more dire by the day and a huge cyclone bearing down as we speak, the "coal effect' begins to show it's face in the steel market.

And the Queensland effect on the BDI.

Supply diruptions are going to make all stocks (material ones that is), rocket.

The trade (most trade) will go physical as supply-chain disruptions increase. Hoarding, local speculation....

Deflation in the "real" world? I really doubt it.


Printfaster's picture

Steel?  What is it good for?

Swords.  Cannons. Guns.  Trucks.  Tanks. Ships.

Can't think of anything else.

Racer's picture

Barbed wire to keep the sheeple fenced off from the banksters

tmosley's picture

Missiles, bombs, submarines.

Printfaster's picture

Missiles use aluminum.  Bombs, steel is old school.  Subs use titanium.

savagegoose's picture

nice solid core for rubber bullets.

Jason T's picture

ZIRP means US$ no store of value = hyperinflation.  

papaswamp's picture

Rally on, POMO on...all is well...Rahming speed!!!

firstdivision's picture

Comment #6 is quite striking as well. 

What I cannot understand is how their hiring is so good with the other numbers that come out.  Who's lying the least?

DutchSucker's picture

Copper is killing them...JPMorgan has lots of control of copper price.

Oligarchs are heavily in this game too...

Mike2756's picture

Aussie ports are shutdown again due to the typhoon, how much longer before coal is in short supply?

Hephasteus's picture

“The depression has ended.” – Dr. Julius Klein, Assistant Secretary of Commerce, June 9, 1931

SDRII's picture

should read Highest Prices Since "1984"

Translational Lift's picture

Chicago PMI huh..........must be all the mid-west 99ers out buying new cars...........

blindfaith's picture

Ummm...are they showing results for the USA?????????? 

Is this a Hollywood script or data from another planet?


Is this like hanging chads in Florida where they only counted the ones they want to count?

Gosh, I am confused...don't 7,8,9 and 10 contradict each other just a wee bit.

RKDS's picture

Dad always says the recession isn't really done until there're layoffs at the mill.  Over the last 30 years, that's by and large been true, at least from a working class perspective.