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The price consumers are willing to pay has nothing whatsoever to do with the cost manufacturers must pay for their inputs.
What do you mean? If youre a manufacturer of anything, your only concern is what price youll be able to sell for, and if you guess wrong on your input and output prices then youre toast.
The almighty U.S. dollar began a rally at precisely 3:00 a.m. New York time [8:00 a.m. in London] for the second day running. What are the chances that that was a market coincidence, you may ask? None at all, is the answer. Two hours later, the dollar was up to 81.35 cents... and it basically didn't move much from that for the rest of Tuesday's trading session.
"Rising material prices..."
Let the deflationists let that one soak in.
As usual over the last 2 years, all market movement happened overnite, upon market open everything flatlines.
Interesting how the expectations are a moving target
from Bloomberg expectation 57
Even funnier how ZH blasts the ISM numbers when they're really good, but seem to find them reliable if the data is not so good.
Very selective outrage it seems.
ISM numbers represent a USD that dropped dramatically in Sept/Oct. The past 4 months of import/export and new orders data from ISM bears this out. Inventories are increasing at manufacturers.
Next month's ISM release will not be quite so rosy, but should still show growth. The USD value going forward will play a major role in manufacturing data.
Honey...where are my blue pills?
And what the market will TRY REALLY HARD NOT TO SHOW US RIGHT NOW...is that a plus 60 ISM guess is exactly what this engineered rally was betting on....what it was shooting its wad for.
We now return you to your regularly scheduled program of "Europe is Freakin' Doomed!" to be followed up by "Sovereign Defaults Will Suck." And tomorrow, "America is Next."
Oh, the amazing things that can be acheived [for an hour or two] with endless super computers and a Fed Reserve Chairman without a soul or beating American heart. Good grief.
Yawn - more numbers.....
These numbers are a lot like those from China. they can be whatever the f*ck they want to them to be. they can always be a beat and revise them down later.
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