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December Chicago PMI Revised From 68.6 To 66.8
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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Dislexia?
I see saw, when I meant was.
It's spelled Lysdexia. ;)
dp
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....
Why doesn't the U.S. Government adopt an agency called SHITT?
Statistical Hijacking & Innovative Terminology and Techniques
+1
Together with the BLS, it could be referred to as SHITT BLS.
no, no...
BLS SHITT
+ 2 SHITTS
Presumably working alongside CRAP?
Committee for Rapid Acronym Production.
DavidC
How about this - don't release numbers until you're sure they accurate. Too logical...
next up are those of 1965...
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...
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!!!
They would still fuck it up............
I guess this means stocks will need an extra 15 minutes before turning green.
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!
We're not saying capitalism is perfect, it isn't :-)
To The Cloud!
where's the daily BDI update? down another 1.6% to 1495.
The real question is how low will it go.
800?
"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-...
Getting ready to BTFD!
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.
The Ministry of Silly Walks...not to be confused with the Department of Imaginary Numbers:
http://www.youtube.com/watch?v=IqhlQfXUk7w
the computers just read this as revised to 99.8
BTFD
China is transparent compared to the Bureau of Lying S*!ts
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/
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
fringe tea baggers
Prove it.
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.
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
You missed the sign at the door.
"Don't feed the trolls."
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)?
Dept of Imaginary Numbers = the root of all the negativity on this board, LOL!
Cool - I evidently have my own "Serial Junker". I feel like I've finally "arrived" at ZH!
Take your PENT UP venting over to Marketwatch.
Keep waiting for a Market CRASH... but good luck holding physical cash
Wow - so a snarky comment about "Imaginary Numbers" == PENT UP venting - complete with ALL CAPS.
Thanks for that.
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)
Don't mind gbd... he's one of the resident trolls... Try not to feed him.
They could have revised it downward upon the scheduled February ISM release and nobody would have cared...
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.
Man, you can't make this shit up...
You're right, I can't "make this shit up"...AAPL up another 5 bucks as I type.
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!
:)
Maybe they forgot to have the twinkle toed Turbo Tax Treasury fairy sprinkle his magic TARP dust on the report before it was issued.
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.