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US Manufacturing PMI Misses By Most In 11 Months, Employment Plunges, Blames Russia & Gaza
US Manufacturing PMI in July dropped to 3-month lows at 55.8, missing expectations by the most since Augiust 2013 as employment growth moderated to its slowest in 13 months. The 'excuse' this time - Russia and Gaza.
PMI tumbled...
and employment plunged...
Don't worry, we have an excuse for that:
“The one area of concern is the slacking pace of employment growth signalled by the survey, which suggests companies have become increasingly cautious about taking on new staff given growing uncertainties, such as the escalating situations in Russia and Gaza.
“With overseas worries likely to hit demand in key export markets, and exports having already stagnated in the past two months, overseas trade looks likely to continue to act as a drag on the US economy.“
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gartman has us covered....says selloff will continue....cnbs headline says pmi expanded, but didn't.....all's good cuz its the 1st day of the month / s
Wow...can't make this up
Goooooooooo Yillen... FUCK The Poor USa Sheeple Even MORE!!!
Clutching at straws now, but at least the sheeple will believe it.
Thanks for the reminder. I need to start a rogue twitter account called Gartman's double chin to espouse less than useless financial info.
As for this I would have thought Russia and GAza would be bullish for the US - more foreign aid in the form of corporate welfare for makers of tanks, planes, and ordinance for precision flattening of neighborhoods.
We should sanction Putin !
go long on boomerangs
Fucking LOL! The weather over in Gaza must be shit!
Oh it is....it's raining bombs.
That may be worse than sharks
Bombnado? After i sounded that out it didn't sound too bad.
CNBC Headline:
Amid market volatility, keep calm and carry oncuz Gaza is the area that we do the most business with....?
lol. . but sadly, in a way, Yes!
historically lots and lots of MIC activiity there.
PMI Still well over 50.
And who, at this late date, really thinks anyone cares about employment numbers? They care about cap-ex. The kind of cap-ex that's used to deploy stock buy-backs and dividend hikes.
Correct, screw innovation - "winning"
Exactly what Central Command ordered.
I am quite curious to know who is the Propaganda Chief at the central command.
That gentleman or gentlewoman has wild imagination.
Kudos.
Pretty confusing all these conflicting/harmonious/incomplete/adjusted/wrong "data". Does the Venezuelan politburo also try to play with the citizens this way?
YaHozna is the name of the game.
Spoos up 20pts off overnight lows on employment miss - all you need to know.
We recoup the selloff yesterday before the first boat to the Hamptons sets sail.
These "markets" are a fucking bad joke.
Bad joke or not, they are free, free, free.
Heard bed bugs, lice, ticks and scabies are rampant on the Hamptons this year. Banksters caught diseases from crack whores (their bosses) and now look at the wives!
I thought that we were making all the weapons destroying Gaza. And to fight Russia, we have deployed hundreds of CIA and FBI agents and unknown number of Academi/Blackwater mercenaries.
About 400 elite mercenaries from the notorious US private security firm Academi (formerly Blackwater) are taking part in the Ukrainian military operation against anti-government protesters in southeastern regions of the country, German media reports.
http://rt.com/news/158212-academi-blackwater-ukraine-military/
And now for this.....In other news the The WTF of the day.
http://finviz.com/quote.ashx?t=x
Old ( Bobby ) McDonald's Golden Parachute / Tax free of course .... US Steel director resigns to "serve as head of Veteran affairs"
US Steel sock up 25% last couple days, golden parachute forthcoming, parting gift / tax shelter provided accourdingly by US Gov.
That a boy Bobby, you are now a whole lot more richer than a whole lot more of those you are about to "Serve".
ACADEMI...
Constellis Holdings, Inc. has agreed to acquire Constellis Group, Inc., a leading provider of security, support and advisory services to government, multinational corporations and international organizations operating in challenging environments around the world. Constellis Holdings was formed by the founders of Triple Canopy and the private equity investors who formed ACADEMI.
The Chairman of Constellis Holdings is none other than billionaire Red McCombs. Car sales must be paying off...(chuckle)
That was a report back in May.
About 400 elite mercenaries from the notorious US private security firm Academi (formerly Blackwater) are taking part in the Ukrainian military operation against anti-government protesters in southeastern regions of the country, German media reports.
http://rt.com/news/158212-academi-blackwater-ukraine-military/
RUTRO!
off topic
http://www.centerforfoodsafety.org/press-releases/3342/fish-and-wildlife...
A National Victory Nearly Ten Years in the Making!
July 31, 2014 (Washington D.C.) – The U.S. Fish and Wildlife Service (FWS) will phase out the use of genetically engineered (GE) crops to feed wildlife and ban neonicotinoid insecticides from all wildlife refuges nationwide by January 2016. The FWS decision, announced via internal memoranda obtained by Center for Food Safety (CFS), follows a longstanding grassroots, legal, and policy campaign by CFS and Public Employees for Environmental Responsibility (PEER) to end the harmful practices. This announcement builds on a previously announced decision to eliminate neonicotinoid pesticides from refuges in the Pacific Region.
...
Now if we can get this expanded for the hairless apes in the human zoo next.
Hey, I'm a hairless ape and I need my nicotinic acetylcholine receptor saturation, or I tend start throwing shit...
But that is good news, now they just need to ban neo/synthetic nicotinoids from agricultural use too.
wait, jack lew PROMISED that russian sanctions could not hurt the american economy........
All good...the average American does not even know who Lew is.....
He left himself an out, he didn't pinky swear.
Forget the detail and look at the trend which is marked by poor leadership, poor quality of new jobs, poor quality of data, news and commentary in the mainstream press and poor outcomes in just about every facet of the economy.
Even those who have supposedly made more from the markets are poor because they live in fear for their lives and wealth as they realise that the current state of affairs cannot continue and they will not escape the process known as reversion to the mean.
HAHAHAHAHA! I picked the wrong week to stop popping peyote buttons...
USD ISM Manufacturing Employment WTF? > 58.2 53.0 52.8
USD ISM Manufacturing PMI 57.1 56.0 55.3
USD ISM Manufacturing Prices 59.5 59.0 58.0
Blames Russia and Gaza? WTF? The only things left that we manufacture are products of war. Russia and Gaza should be a God send to them.
Blame Gaza, its a HUGE market for American made goods.
lost track bad news is good first, then bad is good, then good is good? ignore all and BTFD, no brainer what can go wrong?
All in the golden afternoon
Full leisurely we glide;
For both our oars, with little skill
By little armes are plied,
While little hands make vain pretense
Our wanderings to guide.
Thus begins the tale of Alice's Adventures in Wonderland. Now indulge me for a moment: imagine that those little arms and hands belong to the politicians and central bankers of this world, and you'll get a good idea of the predicament we're in. And the golden afternoon seems to be coming to an end.
US barely does any business with Russia. With regards to Gaza, business is booming for the fascist nazi's as they are supplying the hellfire missles and various ammo to kill/slaughter innocents. The whole dame US government is but a corrupt facade. They all need to be thrown out!
Actually, it was reported just a few days ago that U.S. EXPORTS to Russia INCREASED since sanctions were imposed on Russia.
I blame it ALL on Ronald McDonald !!!
BTW: Did anyone else read the report by the FDA which found that the hamburger served at McDonalds, Wendys, Burger King, Taco Bell and other major fast-food chains contained finely ground SAW DUST, ie., WOOD. In their ingredients lists, it is variously called "cellulose", "methyl cellulose", and similar names - and is supposed used as a "binding and texturing agent". Nothing like WOODS CHIPS to give your burger a little extra texture !!!!
But no need to fret. Another FDA study published a few months ago revealed that the hamburg used in these same fast-food stores contained ONLY between 8% - 17% actual BEEF. McDonalds had the highest at 17%. BUT don't get too comfortable, since for this study the FDA classified "beef" as ANY part of a cow/steer - hooves, horns, intestines, crushed bone, brains and whatever.
Yummy !!!
vyeung
Thrown out is too good. Hung out is better, much better. Not best. Best is water-boarded and then hung out.
wait -
july was up from june... and 57.1
http://www.ism.ws/ismreport/mfgrob.cfm
What am I missing?
Here's one for the employment issues, as if it weren't bad enough. Seems the "Patriot" act requires anti-terrorist screening for certain industries.And what happens when it just happens to extend beyond those certain industries?
Imagine - the "no fly" list goes to a "no job" list.
PMI 55?
S&P will shoot up by 200 points.
By the way, how is it possible, that the PMI is still over 50?
Ah, free rigging of free market.
Wait...the US still manufactures? OOOHHHhhh, employment! Yeah, that's a bit different.