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Chicago PMI Explodes To Biggest Beat In 10 Months, Employment Drops Further
Having collapsed to 13-month lows in July - with the biggest miss on record - Chicago's PMI rebounded the way only US macro 'soft-survey' data can. After plunging from 62.6 in June to 52.6 in July, August printed a magnificent 64.3 - its highest since May - showing up this data's noisy nature as entirely useless. From worst miss on record (and 13-month lows) to best beat in 10 months and 5 month highs... brilliant. It would seem ISM has entirely given up on any credibility at all... However, given this exuberance (in production and new orders), the employment sub-index dropped yet again.
"we're gonna need a better seasonal adjustment"
Charts: Bloomberg
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More sandbags stat!
Obama fixed it! Yea Obama. 4 more years, 4 more years.... Don't laugh, it might happen....
Unemployment rate is down.....but the labor participation rate is cratering. But stocks are up.....huh!
So much for fundamentals.....let's just wing this crap.
When I was a child, this sort of thing was lampooned when it was the Soviet Union and Pravda. Best Harvest EVA! (= starving Comrades). I thought we were better than this.
some people actually pay to subscribe to this "data"
who is believing this shit anymore?
Exactly. 100% pure fairy dust.
Maybe everybody is buying hasmat suits now Ebola also popped up in Senegal?
CORDON SANITAIRE! sanitaire like in toilet seat...
I think I might have pushed it over the top with that T-shirt I bought at Walmart for $1.86.
sadly people do and that is beyond comprehension for me. i run into the koolaide drinkers all the time. when i throw stats about 77 million in debt collection, 1/3 on welfare, etc at them i can see the smoke oozing from their ears.
And the Carney running the fixed game yells to the crowd... "Round and round she goes... where she stops nobody knows!!!"
the millions that still pile into starbucks everyday for their morning $4 cup of coffee that costs .15 to brew. and, the 3-4 people that still watch cnbc.
"Step right up ladies and gentlemen! See the beautiful dancing Shills! They dance on their left legs! They dance on their right legs! And between the two, they make their living!"
no way. fraud in chicago? say it aint so.
bizarro "market" no likey
Trying... to... care.
Just... can't... do it.
Must... take... nap.
It is Friday before Labor day weekend. I suggest alcohol.
I will take it under advisement. Who am I kidding? It's already a lock. I'm just trying to get to early afternoon so it looks like a semi-respectable time to be leaving the office.
You and me both.
Probably not a good idea to put the words 'Chicago' and 'Explodes' in the same sentence until after 9/11...
Chicago PMI goes Full Retard.
Who'd a thunk it?
Uhhmmm..... it is Chicago. probably loading up on moar hollow points and sniper rounds.
with the murder rate industry so high in south chicago, the bucket and sponge industry must be booming
Home of the toughest gun laws in America.....just a couple more and we'll have this licked.
Oh how I love the Autumn winds of change.
September 21st mark your calendars!
Elections only a couple of months away. As I recall during Obama's reelection the employment numbers dropped considerably and other indexes got their lipstick on.
This is bad news for poeple who love bad news :(
And just in time for the midterm elections too. What a coincidence.
The Kenyan with(out) the birth certificate promised a change, as I can recall.
Do they use a f***ing dartboard to come up with these figures?