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China PMI Prints Most "Schrodinger-ish" In 23 Months As Japan Ups Growth 'Guess'
It's 815ET on New Year's Eve and China PMI just printed below expectations at 50.6 - very marginally in expansion. The trouble is this is now the most divergent from the HSBC China PMI since January 2011 indicating once again that nothing matters and yet at the same time - the PBOC ain't coming to the rescue anytime soon. Meanwhile, in another epic realm of imaginary finance, Japan just increased its growth expectation to 2% for next year - whilst we are at it, we 'expect' rainbow-pooping unicorns for everyone next year (we just 'hope' noone is disappointed).
- *JAPAN GOVT MAY RAISE FY GROWTH FORECAST TO 2%, YOMIURI SAYS
The diverging awesomeness of China's PMI...
and rainbow-pooping unicorns...
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Oh yeah, well Bernanke poops Tiffany cuff links.
http://www.youtube.com/watch?v=urpIqEr5g30
I hope the rainbow poo tastes like sorbet. That's pretty much what the gov and Fed does, serves us shit pretending it tastes good.
Skittles. Chewy and gets stuck in your teeth
I cant be the first one to say this...When shit in China goes bad...
Leadership lies like it's never lied before...which is what they think reality is...
China lied about growth when there was growth. I see no reason for growth thus this lie is not a lie but a catastrophic coverup.
Happy new year everyone. Drink up. You'll need it.
Tyler, I have been quiet on China over the last 2 weeks. I have watched small yuan inflows, (as opposed to net outflows), and electricity usage, ore prices, yuan fixing vs usd ect...
PBoC is heavily invested in / internal consumption. China is not going to be an export " leviathian", but China is allowing the yuan to gain some purchasing power for internal consumption. (imports). Japan is devaluing and hot money is running through Asia.
I like commodities next year. Demand in Asia will grow/ The $ will lose value. ( Inbred Jed Bantering via congress).
P.S. FUCK OFF Goldman Sachs!
slightly 'OT', but... a well deserved and prosperous 'Happy New Years' for ZH's , and a certain "Tyler Durden" for creating the best[est] financial blog on the internet!!!
Bravo ;-)>
$10 New Year special offer - change your investing style
http://change-in-trend.com/
I'm waiting for the punch line...
(Ya' know, if ya' think statistics in the US are manufactured, just what the fuck you think of the guesses in China?)
China statistics are fubar knuckles/ Flows aren't. Island $ is moving back mainland, SHCOMP
Beware of the rainbow-pooping unicorns.
http://www.youtube.com/watch?feature=player_embedded&v=lxHhBx1FtLQ
"Japan just increased its growth expectation to 2% for next year"
Japan just installed a turbo on the printing presses>>>>>>>>>> devalued yen >>>>>>>>>>>>>>> inflation >>>>>>>>> GDP (print) rises due to true inflation vs calculated inflation disconnect.
It's not accurate to call GDP, swelling under conditions of continued monetary devaluation, "growth". But they will make that claim nonetheless.
Let's convince China to start offering 0% down liar-loans and massive entitlement programs to their citizens and throw a wrench in their gears, too.
That reminds me.... I just thought of a use for the now-defunct Twinkie factory. Ship Twinkies to China and give everyone over there "Government Twinkie Stamps" for free Twinkies. We'll make fat, diabetic bastards out of them in no time!
HEY, HONEY??!!!! Need a refill over here, please! My glass is getting dry!
Happy New Year!
Every douche bag hedge fund is long Nikkei exporters/
I am summoning ( LONG SOUP LINE)!
I'm turning Japanese
I think I'm turning Japanese
I really think so
Turning Japanese
I think I'm turning Japanese
I really think so
I'm turning Japanese
I think I'm turning Japanese
I really think so
Turning Japanese
I think I'm turning Japanese
I really think so
No sex, no drugs, no wine, no women
No fun, no sin, no you, no wonder it's dark
Everyone around me is a total stranger
Everyone avoids me like a cyclone Ranger
Everyone...
That's why I'm turning Japanese
I think I'm turning Japanese
I really think so
Turning Japanese
I think I'm turning Japanese
I really think so
I'm turning Japanese
I think I'm turning Japanese
I really think so
Turning Japanese
I think I'm turning Japanese
I really think so
Where do I send the medical bill for therapy?
"and yet at the same time - the PBOC ain't coming to the rescue anytime soon. "
Once again Tyler is condoning the lack of Central Bank intervention.
Japan and China are trying to outdo each other on the eonomic growth world propoganda stage ...
It's a form of sabre rattling.
jb