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December Chicago PMI Revised From 68.6 To 66.8

Tyler Durden's picture





 

Remember when the Chicago PMI came at 68.6 ten short days ago, trouncing expectations of 62.5, and the highest since July 1988? Well, post-revision reality is slowly coming back to roost: the number was just revised down to 66.8. Presumably there will be no more revisions, however since these numbers now come straight from the Department of Imaginary Numbers, we wouldn't hold our breath.

 


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Mon, 01/10/2011 - 11:04 | Link to Comment Henry Chinaski
Henry Chinaski's picture

Dislexia? 

I see saw, when I meant was.

Mon, 01/10/2011 - 11:29 | Link to Comment Eternal Student
Eternal Student's picture

It's spelled Lysdexia. ;)

Mon, 01/10/2011 - 11:04 | Link to Comment Henry Chinaski
Henry Chinaski's picture

dp

Mon, 01/10/2011 - 11:05 | Link to Comment Translational Lift
Translational Lift's picture

Hahahahahahahahahahahha.............That's all I have to say.....welcome to the wonderful world of new math & make up your own numbers as it suits you....

Mon, 01/10/2011 - 11:05 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Why doesn't the U.S. Government adopt an agency called SHITT?

Statistical Hijacking & Innovative Terminology and Techniques

Mon, 01/10/2011 - 11:14 | Link to Comment lead salad
lead salad's picture

+1

Mon, 01/10/2011 - 11:16 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Together with the BLS, it could be referred to as SHITT BLS.

Mon, 01/10/2011 - 12:06 | Link to Comment Terminus C
Terminus C's picture

no, no...

BLS SHITT

Mon, 01/10/2011 - 12:11 | Link to Comment TruthInSunshine
TruthInSunshine's picture

+ 2 SHITTS

Mon, 01/10/2011 - 14:52 | Link to Comment DavidC
DavidC's picture

Presumably working alongside CRAP?

Committee for Rapid Acronym Production.

DavidC

Mon, 01/10/2011 - 11:06 | Link to Comment Joeman34
Joeman34's picture

How about this - don't release numbers until you're sure they accurate.  Too logical...

Mon, 01/10/2011 - 11:26 | Link to Comment Sudden Debt
Sudden Debt's picture

next up are those of 1965...

Mon, 01/10/2011 - 11:35 | Link to Comment Joeman34
Joeman34's picture

BS - with today's available technology, we should have no problem compiling and disseminating reliable statistics in-time to maintain relevance.  Huge, multi-billion $ businesses do it on a daily basis. 

Oh, and there we have yet another example of how the government can't begin to match the private sector in terms of efficiency and effectiveness...

Mon, 01/10/2011 - 11:06 | Link to Comment Bearster
Bearster's picture

I know, let's put the same people who lie to us every day about the economy ... in charge of more parts of the economy!  Let's give them control over who can buy and sell commodities!  Let's give them control over who can charge how much for Internet service!

Then they wouldn't have to lie about the economy, because they could *make* the economy work good!!!

Mon, 01/10/2011 - 11:23 | Link to Comment Translational Lift
Translational Lift's picture

They would still fuck it up............

Mon, 01/10/2011 - 11:07 | Link to Comment vote_libertaria...
vote_libertarian_party's picture

I guess this means stocks will need an extra 15 minutes before turning green.

Mon, 01/10/2011 - 11:15 | Link to Comment More_sellers_th...
More_sellers_than_buyers's picture

Sad but true!  when will his madness end? The last sale of a stock is completley meaningless! there is no book... there are no bids...if the algo's get turned off , or god forbid go the other way... stocks will fall in perpetuity, because there is no value on holding paper with a shitty pricing mechanism! all stocks will go to unbelievably low levels..then if someone see's value they wont buy 100 shares unless they intend to buy them all and price them themselves!

Mon, 01/10/2011 - 11:11 | Link to Comment Caviar Emptor
Caviar Emptor's picture

We're not saying capitalism is perfect, it isn't :-)

To The Cloud!

Mon, 01/10/2011 - 11:11 | Link to Comment 101 years and c...
101 years and counting's picture

where's the daily BDI update?  down another 1.6% to 1495.

 

 

Mon, 01/10/2011 - 11:28 | Link to Comment Sudden Debt
Sudden Debt's picture

The real question is how low will it go.

800?

Mon, 01/10/2011 - 12:45 | Link to Comment Temporalist
Temporalist's picture
Freight Rates Tumbling as 35 Miles of Ships Passes Ore Demand

"At a time when analysts anticipate record profits for the biggest mining companies and a third year of gains in commodity prices, shipping lines carrying raw materials are set for the lowest freight rates since 2002."

http://www.bloomberg.com/news/2011-01-10/freight-rates-poised-to-tumble-...

Mon, 01/10/2011 - 11:14 | Link to Comment chinaguy
chinaguy's picture

Getting ready to BTFD!

Mon, 01/10/2011 - 11:16 | Link to Comment Irelevant
Irelevant's picture

This book cooking is similar to what was going on in the communist states in the 80s. Everything was soaring, in a good way, in all statistics. This cant go on forever, and it wont. This is Enroneconomy.

Mon, 01/10/2011 - 11:16 | Link to Comment Temporalist
Temporalist's picture

The Ministry of Silly Walks...not to be confused with the Department of Imaginary Numbers:

http://www.youtube.com/watch?v=IqhlQfXUk7w

Mon, 01/10/2011 - 11:18 | Link to Comment Racer
Racer's picture

the computers just read this as revised to 99.8

BTFD

Mon, 01/10/2011 - 11:19 | Link to Comment Racer
Racer's picture

China is transparent compared to the Bureau of Lying S*!ts

Mon, 01/10/2011 - 11:25 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Because this shit matters not anymore.... you guys ought to see this guy.

It's OT but not really as it turned out.

http://www.youtube.com/watch?v=tQc19IB6YA4

NVTS!

ORI

http://aadivaahan.wordpress.com/2010/10/14/the-practice-of-detachment/

Mon, 01/10/2011 - 11:30 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Wait was that the pre-Arizona Massacre number, or post-? 

It matters because if fringe tea baggers with social problems are targeting Dem politicians then Chicago's next

Mon, 01/10/2011 - 11:46 | Link to Comment docj
docj's picture

fringe tea baggers

Prove it.

Mon, 01/10/2011 - 11:36 | Link to Comment HarryWanger
HarryWanger's picture

So what?? It was still a very strong number. That's like saying you thought you got 98% on an exam and it was actually 95%. Who cares? You still got an A.

Mon, 01/10/2011 - 11:48 | Link to Comment More_sellers_th...
More_sellers_than_buyers's picture

Harry, I think the point here is that if the first number wasn't real...what caused the revision? And why should we believe the second print? Is the data real? Why don't we just make the numbers up? Who checks the data? I could go out and take a poll and get the answers I want by looking at the data I want.  Probability and Statistics 101

Mon, 01/10/2011 - 12:11 | Link to Comment Terminus C
Terminus C's picture

You missed the sign at the door.

"Don't feed the trolls."

Mon, 01/10/2011 - 11:45 | Link to Comment docj
docj's picture

The Department of Imaginary Numbers?

Is that not sort of an insult to actual imaginary numbers - which are, indeed, quite real (sqrt(-1), and all that)?

Mon, 01/10/2011 - 11:46 | Link to Comment Econocidal Tend...
Econocidal Tendencies's picture

Dept of Imaginary Numbers = the root of all the negativity on this board, LOL!

Mon, 01/10/2011 - 11:57 | Link to Comment docj
docj's picture

Cool - I evidently have my own "Serial Junker".  I feel like I've finally "arrived" at ZH!

Mon, 01/10/2011 - 12:01 | Link to Comment gloomboomdoom
gloomboomdoom's picture

Take your PENT UP venting over to Marketwatch.

Keep waiting for a Market CRASH... but good luck holding physical cash

Mon, 01/10/2011 - 12:05 | Link to Comment docj
docj's picture

Wow - so a snarky comment about "Imaginary Numbers" == PENT UP venting - complete with ALL CAPS.

Thanks for that.

Mon, 01/10/2011 - 12:16 | Link to Comment gloomboomdoom
gloomboomdoom's picture

keep smiling. :)

We are in a Depression... Fund Managers and Real Estate BROKERS will be the last to notice it. (then it will be much too late for the Tea Party to have any chance).

Obama 2012= 70%

The da Bears will throw the superbowl (Black Sox style)

Mon, 01/10/2011 - 12:12 | Link to Comment Terminus C
Terminus C's picture

Don't mind gbd... he's one of the resident trolls...  Try not to feed him.

Mon, 01/10/2011 - 11:45 | Link to Comment Econocidal Tend...
Econocidal Tendencies's picture

They could have revised it downward upon the scheduled February ISM release and nobody would have cared...

Mon, 01/10/2011 - 11:48 | Link to Comment HarryWanger
HarryWanger's picture

Looking a lot like Friday. Buy the morning weakness. AAPL/VZ announcement tomorrow will help the market as well. AAPL could see $370+ by the time earnings roll in next Tuesday.

Mon, 01/10/2011 - 12:14 | Link to Comment Boilermaker
Boilermaker's picture

Man, you can't make this shit up...

Mon, 01/10/2011 - 13:13 | Link to Comment HarryWanger
HarryWanger's picture

You're right, I can't "make this shit up"...AAPL up another 5 bucks as I type.

Mon, 01/10/2011 - 11:54 | Link to Comment gloomboomdoom
gloomboomdoom's picture

Quit bitching and just buy Physical Silver Coins... It's in the Constitution next to ETFs... Of Course.

Greenspan Put= Bernanke Put

Much higher striking price for REAL MONEY!

:)

Mon, 01/10/2011 - 12:41 | Link to Comment johngaltfla
johngaltfla's picture

Maybe they forgot to have the twinkle toed Turbo Tax Treasury fairy sprinkle his magic TARP dust on the report before it was issued.

Mon, 01/10/2011 - 13:28 | Link to Comment Printfaster
Printfaster's picture

PMI does not come from BLS.  It is an independent group: www.ism-chicago.org

That does not mean that they are free of government influence, or that they depend on government or BLS figures.


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