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The ISM Has Got To Be Joking: Issues SECOND May "Data" Revision
Holy rigged number manipulations Batman:
- ISM ISSUES SECOND CORRECTION TO MAY FACTORY INDEX - NOW 55.4
Absolutely speechless. Not even the Chinese department of data bullshit is so clueless.
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STFU!!!!
You can't spell statistic without statist.
Let's just call it 55.39567345562835221. It's an estimate after all.
Before I close all my ISM spreadsheet windows, I'm going to just keep them open and wait for the 3rd revision before saving. Don't wanna look like a fool.
What software are they using -- What hardware are they using?
I want to beet iCahn to this trade!
Once again I share this video of government insiders developing their message for dissemination:
http://www.youtube.com/watch?v=4jP6sTG3Yxk&feature=youtu.be&t=2m49s
This could be a perfect set up for a flash crash
As they day never waste a disaster reporting error
BTFM
Buy the Fucking Manipulation
Hey Morpheus, I am still waiting for that phone.
They've invented a new method...schizotistics. Seems the ISM has ADD...
>> they want the current system to collapse
>> they are just that incompetent.
I don't think they can prevent collapse, but I think they can delay it. Which means they can control when the collapse occurs (but the collapse itself, not so much).
So they're not all-powerful. They are boxed in. But they still have a massive financial WMD they can unleash at any time.
How would you judge the quality of BS coming from the ISM?
Better, Same or Worse?
Please impute seasonal factors into your survey response.
Thank you.
This builds my CONfidence
The farce is complete.
WHO FUNDS THESE PEOPLE?
OK, Class: please compare and contrast the statisitcal models of the U.S. Government with the late Berni Maddoff ponzi. Extra points for applicable Corizine back-up numbers.
It's a miss....wait, no, it's a beat!!!....wait, no, it's a miss again.
Even the muppets are having trouble dancing to this tune.
I sure hope they take over the IRS.
hahahahaha...good reason for the 10yr to be +8Bps...this whole game is a joke...zero credibility anywhere
Oh my, we have adopted Soviet Union economics?
A controlled economy.
I think that they would have figured this all out ahead of time and not on the fly
Fat stats.
If the numbers don't make the S&P green at first you try and try again.
The Plunge Protection Team gets excited with any 10 point move down
Vol is happy with the miss again. It was getting nervous after the revised beat, but is okay with a revised miss
Well, finally this is the proof we've all been waiting for about how manipulated and fake everything is, and this will wake up the masses to the corr... oh what the hell am I saying, besides this website and a few others no one will give a shit. The status quo will continue on forever, until it doesn't...
Thank Piketty!
or not
Now you see why fudging numbers should only be done by the government.
pods
Step away from the keyboard, you are only making it worse: http://thenextweb.com/shareables/2009/11/07/step-keyboard/
Don't they have 30 days to make up the numbers. Do they need 45 ?
Their hubris is nauseating. To make believe that anything they release is actually important or has merit is a cruel joke on all of us.
It's completely bogus what any .gov or related agency releases because the data is based on opinions and feelings rather than imperical facts.
What matters is that there is less money to pay for a higher cost of living and higher operational costs.
This must be the new math they are teaching in schools these days. Not actual math but a math where the right answer isn't based on numbers and mathematic operations but on how the "mathamagician" feels when doing the math thingy.
Common Rotten Core
Math is boring and only old people know it. Magic is fun.
Johnny and Susie, would you rather be fun mathemagicians or boring mathematicians???
Making today's fake numbers appear better than last month's fake numbers by revising them down nearer to reality, once everyone no longer cares about them.
Kinda like walking up a down-moving escalator. You just keep on climbing without ever getting any higher.
Germany: Dear Federal Reserve can we have an audit on our gold that you hold?
Federal Reserve: No!
Germany: Then we want out gold back.
Federal Reserve: You'll be lucky to get a portion back in 7 years. We have to drop it down far enough so we can buy your gold back.
Faith is the key word....and it seems to be losing it...are we really becoming that dumb...I am afraid so..
The government is your religion and they are rewriting their own history hourly. I think I read about this a long time ago but fortunately the book was fiction.
i completely sympathize with the ISM. They are under so much pressure each month to collect and analyze billions of bits of data and report the results quickly. Many people depend on these numbers, so the ISM goes the extra mile to ensure the numbers are correct, or corrected, as the case may be. Please don't question their integrity.
From the KC Fed: the ISM survey is based on a sample of roughly 400 manufacturing firms, repre senting less than 1 percent of all such firms.
The data set is not quite in the billions, however I appreciate your sarcasm.
Enough of this financial quackery... I'm going to fire up my grill and get my Unicorn tenderloin marinated for the main event.
Bring on the Bread & Circuses...
Seems like Brazil!! Good old times!!!
The obama world take over and why it failed: by Jok Ing Fuk
Yet gold keeps selling off ... I would take a gold hard asset anyday against stocks trading on the back of intern generated numbers!.
Here's the CNBC explanation for this:
"... Gold hunkered near its weakest since early 2014 on Tuesday, in the midst of its longest losing streak in seven months, as rallying stock markets diverted interest from safe-haven bullion.
...
Looser monetary policy, which cuts the opportunity cost of holding non-yielding gold, is generally positive for bullion prices. However, this will likely be outweighed by the currency impact of a weaker euro, analysts say.
...
Reassuring Chinese factory data and another record high for Wall Street lifted world stocks on Monday, diverting interest from gold".
WHAT A BULLSHIT! OMG WTF and whatever!!
But no. I should relax and really say: Thank you CNBC. Hopefully you will succeed spreading these lies for some more weeks and the low prices will at least stay til my next paycheck. Then I can still add to the pile. Thank you.
Building confidence in the system, one lie at a time.
Nothing to see hear. Move along folks.
And the Bilderbergers are not meeting either because it is not on CNN nor any of the four major networks lol
Long erasers.
4th Revision Coming Soon To A Computer Near You!
Its all a lie and a Fixed Market.
why would anyone care except the small minority of us on zerohedge?
you think miss lexus living the country club life cares? get real.
These morons had better give it up. If I did this in my private job, I would be fired in an instant.
The Fed called. It's taking back it's ISM, even though it never owned it in the first place.
At least if they use the same caliber of folks in the NSA checking out all our personal data, they won't be able to find us when they get some evidence.