You're now on the archive server. Commenting has been disabled.
US Department Of Truth Goes Full Retard After ISM Employment Index Prints At Highest Since 1973
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.
»
- 8109 reads
- Printer-friendly version
- Send to friend
Similar Articles You Might Enjoy:
- January Non Manufacturing ISM Prints At 59.4 On Expectations Of 57.2, Prices Paid At 72.1 Highest Since September 2008
- Non-Manufacturing ISM, Factory Orders Both Miss Expectations, Drop To 2012 Levels
- Revision Wipes Outs "Surprising" December Philly Fed Surge
- Chicago PMI At 70.6, Prices Paid Highest Since July 2008; Complaints About Inflation And Japan Supply Chain Issues
- November Chicago PMI 62.6 Better Than Expectations Of 58.5
It's funny 'cuz it's true.
Hey, why isn't anyone laughing?
FRB = Full Retard Biznitches
Does stuttering count as partial retard? (Never go full retard)
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.
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 . . .
Debt is salvation?
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...
Dont worry. No government, no problems. :D
Slavery is Freedom.
Money = Debt
Money = Wealth
Therefore Debt = Wealth.
The essence of the Fiat currency system.
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.
And everybody knows...ya never go full retard.
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".
Cue CD with an ALL IS WELL! Kevin Bacon image...............
pods
What to do with this report:
http://arkadaba.blogspot.com/2011/03/baby-with-latest-us-gov-employment.html
"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.
I wish I'd never read 1984, I wish it were never written. There's no way to hold any hope after reading it.
I think what frightens you is not the book itself but rather the realization that perhaps it is not fiction.
What frightens me most is that my fellow citizens are not only oblivious to the 1984 idea but unknowingly welcome and facilitate it.
"The answer to 1984 is 1776" - Alex Jones.
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.
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.
That would explain the popularity of Fox News, wouldn't it?
Flippant response, but very correct on a subtle level...
I take that back... it isn't subtle at all.
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?
It's ok. In the end, you will come to love big brother.
And then comes the bullet...
The proper mindset is to NOT fear the bullet, but to make them fear you.
pods
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/
And construction was down..so are they manufacturing ghost things to sell..???
The only thing they are manufacturing is bullshit.
Seems to be in high demand lately.
pods
ore is the jeffery dahlmer of truth
They will lie and cheat until removed from the genepool TD.
Never go full retard..you'll come home empty handed.
"Retard" is such an insulting term.
How about "statistically challenged"?
Reality averse.
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.
"certain ethnic groups"?...so cowardly. Say what you mean, or just don't bother.
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!!
It can only get better from here. (got Au/Ag?)
The beatings will continue until morale improves.
"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.
"Employment looks fantastic"...to the 20% of Americans who don't have it.
is the body that release ISM a gov't agency? don't think it is
Would this include weapons?
It's a majority of the manufacturing base.
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.
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
The wonders of central planning...
Elevated theft period.
Some may shop for free, as in swamp the system.
from the report:
Commodities Up in PriceAluminum (6); Aluminum Products (2); Brass (3); Brass Products (2); Cocoa; Copper (7); Copper Based Products (4); Corn (6); Diesel (3); Fuel Oils (2); Gasoline; Nickel; Plastics (2); Plastic Products (2); Plastic Resins (4); Polyethylene; Polyethylene Resin (2); Polypropylene (2); Rubber Products; Soybean Oil (4); Stainless Steel (4); Stainless Steel Products (2); Steel (6); Steel — Hot Rolled; Steel Products (3); Steel Surcharges (2); Sugar (2); Sulfuric Acid; and Wheat.
Commodities Down in Price***No commodities are reported down in price.***
(emphasis added)
Wile coyote reminds me of Ben Bernanke. http://www.youtube.com/watch?v=_d8ROhH3_vs&feature=related
Ben Bernanke. Looks retarded. Acts retarded. Not retarded?
I saw this, (Harvard/MIT), guy trying to discuss advanced theoretical economics to a classroom of Junior High School children.
He displayed the pain of extreme boredom and repetition.
http://en.wikipedia.org/wiki/Ben_Bernanke
Looks like the ISM peaks way above the NFP and just before the big decline sets in.
the impoverishment of imagination and subsequent and inevitable moral corruption is the necessary prerequisite for the diminishment of our intellectual capacities for sound judgment. all that massive leveraged expenditure for higher education seems to have manufactured a general, predictable, and willful ignorance amenable to the conditioning and management of perception which these constant statistical manipulations represent. the sleep of reason breeds monsters.
Actually the non-dischargeable student loans leave little room for the people when they leave college but to get on the hamster wheel.
Then it takes so much energy just to get by that they cannot (or will not) take the time to realize how bad they have been screwed.
pods
yo, yerdfimrR: i liked this: "...education seems to have manufactured a general, predictable, and willful ignorance amenable to the conditioning and management of perception which these constant statistical manipulations represent." (moi w/ the amphAtix)
thank you! farm aid is ok w/ slewie.
too bearish: no, the ISM crapola is NOT from the goobermint, but t.y., mr. bonez! here's the Committee 0n SuStain/a-Bull-ity and S0cial Rep0nsibility, cutnpastiez:
Chair
Cathy A. Rodgers (5/13)
Vice President, Global Opportunities and Business Development
IBM Global Services
495 La Canada Court
Morgan Hill, CA 95037
408/779-9110
crodgers@us.ibm.com
DeLynne Ano (5/13)
Director, Supplier Diversity & Sustainability
The Walt Disney Company
500 S. Buena Vista St.
Burbank, CA 91521-6719
Phone: 818/567-5564
Delynne.ano@disney.com
Regina O. Edwards, J.D. (5/12)
Director, Supply Chain Compliance
MeadWestvaco
11013 West Broad St
Glen Allen, VA 23060
804/327-8384
Regina.Edwards@mwv.com
Dennis M. Gawlik, C.P.M. (5/13)
Director-Purchasing Services
University of Washington
3917 University Way NE, Box 351110
Seattle, WA 98195-1110
206/543-4139
gawlikd@u.washington.edu
Diane O'Connor, CPSM (5/13)
VP, Post Sale and Supply Chain Procurement
Xerox Corporation
800 Phillips Road, 205-99P
Webster, NY 14580
585/265-7716
Diane.O'Connor@xerox.com
Drew Schramm (05/13)
Senior Vice President, Global Supply & Logistics
Herman Miller Inc.
855 E. Main Avenue
Zeeland, MI 49464
616/654-8764
drew_schramm@hermanmiller.com
Steve Smiley, C.P.M. (5/13)
VP, Strategic Supply
Master Halco
2528 Tequestra
Tustin, CA 92782
909/519-5038
Steven_Smiley@msn.com
ISM Contact
Scott R. Sturzl, CPSM, CPSD, C.P.M., A.P.P.
Vice President - Education
ISM
PO Box 22160
Tempe, AZ 85285-2160
480/752-6276 ext. 3105
Fax: 480/752-7890
These ISM LEADERS are all about the ethical and conduct standards found here: ISM - Tools - Principles and Standards of Ethical Supply Management Conduct
And they also are quite up front about their Principles of Sustainability and Social Responsibility, ici: ISM - Social Responsibility - ISM Principles of Sustainability and Social Responsibility
so, yes, these shitheads fit hand-in-glove with any and all of the fabulous nanny-state principles and guidelines which the wwPTA could EVER freaking agree upon.. 4 US, too. how kind of them, no?
must go now. prepare for a trip to my state sen.'s office to see if they can tell me, after a week, now, why the fuk i was charged SALES TAX when i bought "Barber" half-dollars, quarters, and dimes, last week, for a tad above melt/now below melt @ 24X face value, from a nearby ANA coin pro.
After all, these ARE US MINT-produced 90% Silver coinage, defined by the CONSTITUTION as "money". so, why the fuk did the State of Cali take almost $30 of slewie's FRN's when i traded FRN's for U.S. MONEY?
the people in the office are very nice, but they have asked me now, 4-5 times for my name and phone #. for some reason. probably just want to see if i'm homeless, yet and w/out a phone, so they can do what the goobermints due bestest: Help Me!
here's leon singing from the crossroads: YouTube - Leon Russell Come on in My Kitchen
peace.
Look at the NAP chart after the 70's peak. It speaks for it's self.
Diffusion magic. It's the same pretty much everywhere one looks, not just in US. Just by looking at these one would think everything is better than ever has been on planet earth. Only the reality refuses to live up to the rosy picture painted by these surveys.
But is there any news about the increased chocolate ration, citizen?
It's up 25%!
I hate to be such a troll, but if we would end.all unemployment benefits now and just give people a bus ticket to where the jobs are then our unemployment rate would drop faster.
There are plenty of chicken processing and farmhand jobs in the south now that they have cracked down on illegal aliens.
All the unemployment benefits do is merely postpone the day people take that downscale job, but with hardwork you could be crew boss someday. Hard work in the fresh air is good for you.
"Arbeit macht frei"
Nah
I think it better to give them bus tickets and maps of the top 1% hideouts and let them extract some value from those locations.
Then once looted we can turn those locations into chicken processing centers.
After all the best fresh air would be found in those locations.
You ever smelled the air around the locations you wish to bus people?
This is a simple attempt to keep everyone "still working" to "keep spending" until it is all too late.
That is all...over and out!
There is a reason to this madness.
Propaganda is all it is.
Funny how that works.
Things are just getting stupid
Look what the Pentagon's thinktank IWSP just came up with:
http://www.scribd.com/doc/49755779/Economic-Warfare-Risks-and-Responses-...
I'd laugh if it wasn't so sad.
Please note these definitions of fantastic:
–adjective
1.conceived or appearing as if conceived by an unrestrained imagination; odd and remarkable; bizarre; grotesque: fantastic rock formations; fantastic designs. 2.
fanciful or capricious, as persons or their ideas or actions: We never know what that fantastic creature will say next. 3.
imaginary or groundless in not being based on reality; foolish or irrational: fantastic fears.
What's with CR today?
http://www.calculatedriskblog.com/2011/03/few-comments-on-ism-manufacturing.html
Is CR talking about ZH?
has anyone considered this ISM data is accurately reflecting the industries it's supposed to reflect?
cash for clunkers raised car sales when it was ongoing by pulling forward demand. homebuyer tax credit raised home sales by pulling forward demand.
you've got a huge depreciation tax break that is essentially "cash for capex," at the same time as ZIRP and QE2. of course the industrial sector is doing somewhat decently right now. and obviously one would expect the wheels to fall off the bus once all of this stimulus is over and much of what the normal level of demand would have been has already been pulled forward.