US Department Of Truth Goes Full Retard After ISM Employment Index Prints At Highest Since 1973

Tyler Durden's picture

The total farce that is US diffusion index data continues, with the manufacturing ISM printing at 61.4 on expectations of 61.0, and compared to 60.8 previously. Contrary to what the respondents actually said (see below) there was not one adverse thing to be gleaned from the ISM data. In fact, the data is now so unbelievably ridiculous that the Employment Index came at 64.5, the highest since 1973! And this as the country sees roughly 17% in U-6 underemployment, and the number of Americans on food stamps, well over 40 million, is at an all time record. This lunatic number inspired the ISM's Ore to say that "Employment looks fantastic" even though in the next sentence he confirms that "many US companies are in a margin squeeze." Um, psychotic medications much? The US Department of Truth has now gone full retard.

A slightly more credible version of reality can be gleaned from the survey responses:

  • "A continued weak dollar is increasing the cost of components
    purchased overseas. It is going to force us to increase our selling
    prices to our customers." (
    Transportation Equipment)
  • "We continue to see significant inflation across nearly every type of chemical raw material we purchase." (Chemical Products)
  • "Our plants are working 24/7 to meet production demands." (Fabricated Metal Products)
  • "Prices continue to rise, while business limps along at last year's pace." (Nonmetallic Mineral Products)
  • "Overall demand is off 10 percent." (Plastics & Rubber Products)

Those who wish to liquefy their frontal lobes can do so here.

Here is the only chart that actually matters: ISM Employment vs NFP Change.

Enough with the endless lies already.

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MayIMommaDogFace2theBananaPatch's picture

It's funny 'cuz it's true. 

Hey, why isn't anyone laughing?

william the bastard's picture

Does stuttering count as partial retard? (Never go full retard)

idea_hamster's picture

Can someone with Bberg Terminal post a chart of the calulated spread of that ISM/NFP correlation?

It looks like the recent spike would be epic -- that picture is worth a 1000-word teleprompt.

H. Perowne's picture

Well, we've already fulfilled War is Peace here in the grand US of A. Now we're working on Ignorance is Strength. Only one more tenet to go . . .

Sudden Debt's picture

pretty soon, debt won't be a problem anymore when the dollar loses more of it's value an inflation keeps kicking like a mule.

 

Here in Belgium, AFTER 2 MONTHS the spillindexes where passed. That means all government workers get a 3% wage increase next month. They already go one in januari (5%).

And then we wonder why countries with over half of all working people being government employees go bankrupt...

 

kaiten's picture

Dont worry. No government, no problems. :D

Quintus's picture

Money = Debt

Money = Wealth

Therefore Debt = Wealth.

The essence of the Fiat currency system.

Ricky Bobby's picture

If you are not happy with the way things are, you are a looser. It's that simple, we live in the stainless steel triangle [Hollywood, Wallstreet, DC]. All points on this triangle have never done better. Iron curtain - fuck that, Amerika invented something way better.

Clark Griswold's picture

And everybody knows...ya never go full retard.

Cognitive Dissonance's picture

What we are witnessing here is typical of "official government" reports. While some truth (not much but some) can be gleaned from reading the actual document, the cover letter/synopsis/summary is nothing more than Goebbels inspired propaganda of the Orwellian kind.

The summary says "Nothing to find here that will tell you what you don't want to know. Carry on".

Judge Judy Scheinlok's picture

"Enough with the endless lies already."

US Dental Association now recommends brushing your teeth 5 times a day with fluoridated toothpaste including vigorous brushing of your tongue.

Docile and servile.

DeweyLeon's picture

I wish I'd never read 1984, I wish it were never written.  There's no way to hold any hope after reading it. 

alien-IQ's picture

I think what frightens you is not the book itself but rather the realization that perhaps it is not fiction.

Max Hunter's picture

What frightens me most is that my fellow citizens are not only oblivious to the 1984 idea but unknowingly welcome and facilitate it.

Pladizow's picture

"The answer to 1984 is 1776" - Alex Jones.

Flakmeister's picture

1984 strikes fear in all of us....The MO seems to more along the lines of "Brave New World", There is good information more prevalent than could ever be imagined, but everyone is amusing themselves to death to notice otherwise.

Chump's picture

Or knowingly welcome it.

And it will only get worse.  After we hit full-stop most folks will be begging for Big Brother.  Don't be surprised.

TeamAmerica's picture

That would explain the popularity of Fox News, wouldn't it? 

Flakmeister's picture

Flippant response, but very correct on a subtle level...

 

I take that back... it isn't subtle at all.

Chump's picture

Yep, along with MSNBC, CNN, CBS, ABC, orange soda, grape soda, Dancing with the Stars, Skating with the Stars, Sewing with the Stars, American Idol, The Bachelor, The Bachelorette, NFL, NHL, NBA, MLB, Medicare, Medicaid, UE, Welfare, Mortgage Interest Deduction, credit cards, HELOCs, Chinese trinkets, and cheap easy FRNs.

Oh wait, here you were trying be a partisan dickhole and I fucked it all up.  My bad.

"Fox News lies, Fox News lies, Fox New Lies."  Better?

Dr. Porkchop's picture

It's ok. In the end, you will come to love big brother.

DeweyLeon's picture

And then comes the bullet...

pods's picture

The proper mindset is to NOT fear the bullet, but to make them fear you.

pods

Oh regional Indian's picture

What's that song? lies lies lies.... live lies at the senate. Long lies in every market.

Lies are the flavour of the season.

Still trading? You're either very brave, confident or downright foolish.

ORI

http://aadivaahan.wordpress.com/2011/02/25/wisdom-for-warriors-7/

youngman's picture

And construction was down..so are they manufacturing ghost things to sell..???

pods's picture

The only thing they are manufacturing is bullshit.

Seems to be in high demand lately.

pods

tony bonn's picture

ore is the jeffery dahlmer of truth

Byte Me's picture

They will lie and cheat until removed from the genepool TD.

LongSoupLine's picture

Never go full retard..you'll come home empty handed.

grunk's picture

"Retard" is such an insulting term.

How about "statistically challenged"?

Head for the Hills's picture

Ever notice the degradation of clinical terms that describe people with a poor self image.

Retard, short for "mentally retarded", was the improved term to replace the clinical terms idiot, moron and imbecile that had become popular to describe people who likely didn't meet the criteria in full.  It almost seems like similar patterns in certain ethnic groups.

TeamAmerica's picture

"certain ethnic groups"?...so cowardly.   Say what you mean, or just don't bother.

oh_bama's picture

You guys are way too negative and unamerican!

More american retired early due to wealth effect, stock market strength, confidence and LOW inflation EXPECTATIONS!!

EMPLOYMENT SITUATION IS GOOD

COMPUTER ENGINEERS in both software and hardware are in great demand!!

DId I tell you guys BTFD? If you did you should thank ME!!

 

CitizenPete's picture

It can only get better from here. (got Au/Ag?)

SheepDog-One's picture

The beatings will continue until morale improves.

Council of Economic Terrorists's picture

"Employment looks fantastic"

I think he is trying to say that there is a lot of labor available for the pickings.  Great value in other words.

snowball777's picture

"Employment looks fantastic"...to the 20% of Americans who don't have it.

TooBearish's picture

is the body that release ISM a gov't agency? don't think it is

Rodent Freikorps's picture
  • "Our plants are working 24/7 to meet production demands." (Fabricated Metal Products)
  •  

    Would this include weapons?

    Misean's picture

    It's a majority of the manufacturing base.

    c hook's picture

    This is a small componment of the economy.  With the dollar crapping out, our goods look cheaper to the rest of the world.  It is not unbelievable that manufacturing companies would be hiring.  If the Services one shows a huge jump in employment then you are definitely on to something.

    TheMerryPrankster's picture

    Food stamps are now used by more than 42 million Americans. The wide spread use has begun to put a real strain on grocery stores due to millions of shoppers showing up at stores on the 1st of the month when the SNAP swipe cards are loaded with credits.

    Grocers are asking for the credits to be loaded onto the cards on a staggered date basis to decrease the crowding and crowd control problems of having so much simultaneous "shopping" on one day.

    http://www.nwcn.com/home/?fId=116984923&fPath=/news/local&fDomain=10227