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China Composite PMI Slumps Into Contraction; 2nd Lowest On Record
This evening's small rise in HSBC's Services PMI (from 50.7 to 51.0) was not enough to revive the Composite (Services and Manufacturing) PMI into "growth" territory. At 49.65, this is the 2nd lowest print on record (beaten only by July 2013's 49.5 print). HSBC's Services data has consistently been lower than China's "official" data but this print (almost 4 points below that of the government's survey) is the biggest divergence in 14 months.
China's HSBC Composite PMI drops into contraction...
As the government's Services PMI is the most divergent from HSBC's in 14 months...
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if things are going to go to shit I'm cashing in my IRA for one of these.
http://blogs.marketwatch.com/themargin/2014/03/04/the-gravity-defying-in...
i would get this instead;
http://i.imgur.com/P8KBiNL.gif?1
It's weather related....oh wait that's smog related...whatever, Apple sales must be down
as long as you get both.
fonz
if you're a 1%'er I think she's included with the purchase
How can I make that my avatar? That is just tremendous. We might be wrong about the 1% thing too...that looks like my basement she's in.
LoL, that would be a tremendous avatar
@fonz
What's with the "if" business? :-)
yeah we all know it's a matter of time. Good point. Lucky Bill Gross just gave us the all clear
@fonz
Well, as a consolation prize, you could come down to the bayou and take a ride on one of these:
http://www.pinterest.com/pin/195484440047993728/
Is that where you are? I always wanted to take a ride on one of those.
@fonz
I'm in La., but substantially north of there. I'm in Duck Dynasty territory. You'd much rather visit south Louisiana.
maybe, but I have watched my share of Duck Dynasty. I think the Uncle is the real deal, maybe the Dad too. what do you make of those guys?
@fonz
I know people who know them. It's probably the least scripted of all of the "reality" shows. Here in Louisiana, the state offers substantial tax credits for "filming" in the state and this explains why you see sooooo many Louisiana "reality" shows. Most of them are heavily-to-completely scripted, e.g. "The Governor's Wife" was complete fiction; so bad you could see Edwin's daughters reading the teleprompter.
From everything that I've been told, Phil Robertson is very much "what you see is what you get." They are very strong in their faith and traditional values. They would love for you to visit their church. They are also excellent business men. Willie, one of the sons, had the idea to cash in on the filming tax credit with this show. But did you notice how everyone in the family rallied to Phil when A&E orchestrated that "problem?" They know who they are and where they are from, I just wonder if the grandkids will carry that on now that they are growing up in the spot light.
thanks for the perspective. I like the show. I want to believe that they are who they are. The Dad is fantastic. I like Willie, but you can almost feel him producing the show and it is a little off putting. But I have seen a lot of episodes and it makes you want to believe that there are still a lot of families out there like that.
I have never seen an episode of this, but it seems to sum up the good people in my area. Warning, full disclosure, may jump start a vomit.
http://www.youtube.com/watch?v=WHtZSvcl_tk
Check this . . . The main stars of that show get 75k per appearance per person, plus private airfare to each event. Not bad (but no Bernanke) And their phone rings of the hook all day and night for them despite the costs. They have tapped into a neglected demographic as far as Hollyweird goes.
My understanding is that they might ham up the backwater bayouness a bit, but are genuinely kind folk.
They're just transitioning to a consumer based economy.
I'm sure they'll arrive at some scheme to pay it. Markets will ignore it and climb even higher
Keep calm and print on.
People assume the collapse will involve the market going lower, refer to such historical events as Zimbabwe, Weimar, and Caracas.
We may get a bit of downside as the fundamentals crumble further; it is certain that things are not going to get better by any real metrics but that will be followed by an increase of printing to ludicrous speed causing the market to go up exponentially.
If you like selling spoos at 1870 you are going to LOVE selling them at 187,000!
But Chicago PMI is rocketing - like fucking 80 - so the world is safe and there's no "worst depression in the history of the fucking planet" coming and everyone can go home.
China built their house of horse shit on debt - larger than the rest of the planet combined.