Global Economic Growth Stalls; UK Manufacturing PMI Tumbles To September 2009 Level, China PMI At 10 Month Low

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Wed, 06/01/2011 - 07:18 | 1327873 FOC 1183
FOC 1183's picture

QE3

Wed, 06/01/2011 - 07:20 | 1327874 Mongo
Mongo's picture

Ben "HP" Bernanke has succeeded in his mission and will be rewarded with private jet(s) and personal island in pacific until WW3,4,5,6 is over.

Wed, 06/01/2011 - 07:23 | 1327877 cossack55
cossack55's picture

What is the symbol for global bizarro stocks? I want to buy some.

Wed, 06/01/2011 - 07:20 | 1327878 flyr1710
flyr1710's picture

it's all priced in and due to the weather and earthquake, right?

Wed, 06/01/2011 - 07:38 | 1327885 Boilermaker
Boilermaker's picture

ES down almost 1/2 of 1 handle on the news!

Wed, 06/01/2011 - 07:43 | 1327903 GFORCE
GFORCE's picture

Hello double dip. Glad you could make it.

Wed, 06/01/2011 - 07:50 | 1327911 scratch_and_sniff
scratch_and_sniff's picture

Speaking of the UK, guess the last time that UK consumer spending suffered a lack of rebound after a recession as bad as this one - 1980? 1970? ...try 1880!! Yes, thats right 1880A.D, LOL. Either the brits are getting tighter(that's my theory) or there is an ever dwindling amount of penny's to spend

Wed, 06/01/2011 - 08:17 | 1327961 reload
reload's picture

Margins for many uk businesses are very tight, staff are not getting wage rises because there is no money to give them. Their discretionary spending is taking a hammering. The government tax take from business is relentless, in the last quater my business paid to the treasury 2.45 times its nett profit! - tax on employing people-up, vat-up, tax on insurance, tax on buildings(goes to central government) tax on fuel - up, tax on marketing -new, tax on basically everything they can think of. Unless you run a business operating in some type of government protected monopoly you are pretty screwed. Government contractors, banks, local government services providers - all fine. Try making something though and actually turning a profit - damned hard. Of course if you are a multinational with a well oiled lobbyist or two, corporation tax is essentially optional - not so for domestic businesses who are first in line at the shearing station.

Wed, 06/01/2011 - 08:27 | 1327997 scratch_and_sniff
scratch_and_sniff's picture

Making stuff? What planet are you on mate? Stop making stuff and get out and buy some Ipads and lets spend our way back to wealth, enough of the horse shit. Jesus.

Wed, 06/01/2011 - 07:53 | 1327912 overmedicatedun...
overmedicatedundersexed's picture

unexpected weak economic data..calling hank paulson, you are needed On the White House lawn, calling hank paulson... 

Wed, 06/01/2011 - 08:09 | 1327943 the not so migh...
the not so mighty maximiza's picture

Maybe comet Elenin ripping the Earth in two will be bullish, no need to pay back the bill.

Wed, 06/01/2011 - 08:28 | 1327990 Bazooka
Bazooka's picture

QE3 or not, it doesn't matter....QE2 is still in progress and made not a dint on a sustainable employment growth. As this economy collapses and Unemployment rises above 10% again, the contempt against the FED will become feaver pitch, both politically and financially. The FED will be extra reactive and try to throw more money but with only negative results. 

Wed, 06/01/2011 - 09:08 | 1328110 White.Star.Line
White.Star.Line's picture

Worldwide manufacturing slowing.
US economy contracting.
Unemployment remaining high.
Stocks poised for a fall.

May I suggest a bit of monetary easing to cure what ails ya.

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