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Chicago PMI Jumps To 4-Month High Even As Employment Tumbles To 5-Month Low
For the first time in 4 months, Chicago PMI printed better than expected with its highest level since May. Production and New Orders rose but in keeping with the new normal, the employment sub index fell for the 3rd month in a row to 5 month lows. It seems the good news that was "expected" as the market ramped higher into the release has been stymied by good news is bad news reality as all the opening ramp gains have faded.
Headline at 4-month highs...
and Employment drops to 5-month lows...

Hope of bad news appears to have been stymied...

Charts: Bloomberg
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funny how as things get "so much better" , fewer and fewer people are working to make it so, isn't it?
we will continue to "beat expectations" until the supply lines break in earnest and the world goes to war (again)...
same as it ever was...
See, now you're getting it. You're beginning to understand why I said we need to "spread the wealth around" via governmental redistribution, supervised by me.
Sincerely,
Barry O
no, i think the rules should remain as they are and the markets should remain rigged, and all the laws tilted to favor the extremely wealthy. We worked very hard to get the setup perfected.....the peasantry of the US are now virtual debt slaves.....it took alot of time and money to put this all in place.
all efforts to change and reinstate actual democracy and individual freedoms should be squelched.
Same as it ever was, same as it ever was.
Chicago PMI should be good. $14,000 off sticker for a new Chevy Silverado, 72 month financing at 0% thanks to Ally. Well, Benny gets credit too, so to speak......
The Business insider has a woody over this number:
MIDWEST MANUFACTURING IS ROARINGhttp://www.businessinsider.com/chicago-pmi-september-2013-9
In the mean time Walmart can't give the shit away to a broke consumer.
They have a sweet contract with FEMA though, to see them through the coming hard times.
Sorry Doc, down arrow for referring to businessinsider.......
No problemo. It's all good, I like to frequent other sites for a good laugh some times.
What do they manufacture in the midwest? Last I saw it looked like the apocalypse.
Welfare queens and crack babies.
Damn robots...
same as it ever was...
Chicago PMI is up because da Bears lost yesterday. Makes sense, right?
But how about those Bills beating the Ravens. Take that Baltimore - still lovin' ya Michael Oher.
At least something is still being manufactured in the US... even if its only data.
They'll take it. Intangibles count now.
Ain't Chicago Obozos home turf? Considering local politics there and state finances (ie they are broke) do you really believe anything that comes out of a viper pit such as that?
Keeps going like this and we'll have a roaring economy with nobody working.
OMG look good news! WAIT! We want bad news! OH I forgot, my bad!
Did anyone notice the gold price smash this morning? 4 weeks straight on NYC open. As expected and bought of course.
anyone?
So was the cancelable new orders sub index up?
Or how about the deliveries that won't be made sub index?
I know the happy rainbow riding unicorn index is always up.
In business, orders don't mean anything. The only thing that matters is the check you get in 60-90 days after the product ships. If you're selling to the big box, you never know what you are going to get. Sure the order said $250k, but your payment might be $200k because someone in the shipping department may have forgot to put a # symbol before the store numbers on the boxes.
Big Box chargebacks are almost impossible to avoid. Sometimes they hit as high as 15%. When you are already operating on razor thin margins, hits like that sap all your profit.
I know many corporations that end up breaking even on everything they ship, but at least they stay in business.