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Final US Manufacturing PMI Prints At Lowest In One Year, Makes Mockery Of Chicago "Data"
If anyone needed confirmation that yesterday's soaring Chicago PMI data (to the highest since March 2011) was a typical "Made In Chicago" fabrication, then look no further than today's final MarkIt US Manufacturing PMI, which instead of soaring as its Chicago counterpart, tumbled from 52.8 to 51.8, the lowest print since October of 2012 as the report indicated "only modest improvement in business conditions", "output growth weakest for over four years", and "new orders increasing at the slowest pace since April." Then again, in the New Normal world in which data reports separated by 24 hours are expected to indicate diametrically opposite things, this is quite normal, and if nothing else, absolutely bullish. Why? Who knows, but cratering Manufacturing Output is surely beneficial to the stock market, if not the actual economy.

Broken down by Components:
From the report:
Commenting on the final PMI data, Chris Williamson, Chief Economist at Markit said: “While better than the earlier flash reading, the final PMI data indicate that the U.S. manufacturing sector ground to a near standstill in October. “Encouragingly, it looks like companies are expecting the slowdown to be temporary, most likely linked to the government shutdown, as indicated by an upturn in the rate of job creation.
“However, even the faster growth of employment remains only modest, consistent with barely any increase in official data on manufacturing payrolls. In addition, companies allowed their input inventories to fall at the fastest rate since 2009, highlighting widespread uncertainty towards the near-term outlook.
“The mixed signals from the survey therefore add to the likelihood that policymakers will need to wait for some time, perhaps a few months, until the picture clears as to the true underlying health of the U.S. economy and its ability to create jobs.”
We get it: Chicago is good cop, MarkIt is bad cop whose purpose is to justify the taper delay.
Finally, spot the absolute contradiction between the MarkIt data, and the Chicago PMI euphoria:
Manufacturers linked the slight increase in output primarily to a weaker rise in new orders. Total incoming new work rose modestly and at the slowest pace in six months in October. Panellists commented on greater client demand in both the domestic and international markets. Nevertheless, a marginal increase in new export orders merely reversed a decline in September. Reflective of the weak trend for new orders, the quantity of inputs bought by manufacturing companies fell for the first time in almost three years in October. This was accompanied by the sharpest depletion of stocks of purchases since September 2009. Concurrently, suppliers’ delivery times continued to lengthen, with the latest increase in lead times the greatest for a year-and-a-half.
That's ok: lies, like everything else, are bullish. Which is why we can only hope that today's Manufacturing ISM due out shortly, prints in the triple digits. A lie of that magnitude will surely send stocks to turbo all time highs.
Source: Markit
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When Zero claims that 700k people have enrolled in Zerocare and the number turns out to be six, I think it's safe to say that any number coming out of .gov is bullshit.
https://twitter.com/TheStalwart/status/396264536837484544 Look what @the_asswart is publishing. No wonder Amerika is failing in SATs
Link is dead. Can you repost?
`````
This exposé explains why and how the MOCKERY has gone on for decades.
The FOUR HORSEMEN Herald the Death Knell of Predatory Capitalism^^^^^^
http://cosmicconvergence.org/?p=1987It just doesn't matter what the (meta)data says as long as one piece of data or an authority figure confirms our bias. When we are in denial we are constantly searching for information to substantiate our denial. When we find something that does so we latch on to it like a pit bull onto Obama's arm.
This is why the propagandist produce this obviously wrong data. They aren't trying to convince the disbelievers that they are wrong nor convince the believers they are right. They are just trying to keep those on the fence from getting off.
<Please remain seated until the plane has crashed. Thank you for flying Obama Airlines.>
No one in my neck of the woods really gives a shit. Trade around here is taking all kinds of strange twists and turns. For christ sake, a local moonshiner I know is dropping Jolly Ranchers in his mason jars and selling them like crazy to people in a nearby college town. When I heard him mention considering selling online, this simply confirmed to me that black markets are booming. The more these kleptocrats try to control everything, the faster they will lose control.
Same as it ever was...
OK. I'll bite.
Please explain "a local moonshiner I know is dropping Jolly Ranchers in his mason jars" to this wanna be mountain hillbilly. :)
The Jolly Rancher dissolves and flavors the liquor. I don't know if you have ever had a corn/sugar distillation, but it's an aquired taste. Apparently today's kids are rather fond of the sweet/fruity flavor of the Jolly Rancher. The "heart" of most distillations run about 120 proof, so if you are a student on a budget one mason jar is a lot of bang for your buck.
OK. Taking notes here. 120 proof......sweet/fruity Jolly Ranchers........moonshine.........corn/sugar distillation.......mason jars. Got it.
<Note to self. Stock up on Jolly Ranchers and copper tubing.> :)
Munibonds....alert
Edward Snowden letter to German government in full
Snowden: 'speaking the truth is not a crime'http://homment.com/edwardsnowden-letter
Bullish
The official "market" is dead.
I remain long black markets and sharecropping...
Paging Jack Welch...paging Jack Welch...
What's da matter with Chicago data. Chicago city hall makes a bad budget look good and debt disappear off da books.
It also just announced the lowest crime since 1965, although the bodies are have increased several fold at the county morgue since 1965.
Chicago/New York/Los Angeles are all crime capitals. Ignore your lying eyes and get in line serf!
We know they lie to us. Why are we even bothering debating the degree to which they are lying?
buy buy buy
In the immortal words of the Mogambo Guru, "Whee!!! This investing stuff is easy!"
Meth influenced no doubt.eom
Since we only "manufacture" unicorns, hopium and fiat why should anyone care? 9% of our GDP and shrinking, now if health care starts contracting then we're in real trouble.
This is a job for Super. . . Cunt.
Note the highest figure is for Input Prices
HELLO...MCFLY!!!!...INFLATION
Don't Panic! 3D printing will solve this.
/s
My kind of Clowns Chicago is. .
My kind of people too,people who
Will fuck their Grandma's.
No, No, No. The Republicans did it when they shut down the government. Uh, Uh, Uh, wasn't it cold that month? Uh, didn't a hurricane hit somewhere? I though Harry Reid and Nancy Pelosi said everything was getting better.