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What A Difference Two Weeks Makes: Spot The Cognitive Dissonance In These Two Headlines
What a difference two weeks makes: On September 3, US "manufacturing" according to Bloomberg, grew at the fastest pace in three years...
Fast forward to yesterday,when somehow - in the face of allegedly soaring "manufacturing" - Industrial output dropped.
It is almost as if in the New Normal i) industrial output is no longer considered manufacturing and ii) when respondents are asked to share their outlook on the economy they have a, seasonally-adjusted of course, bullish bias.
Who would have thunk it?
But hey, as long as those PMIs and other now laughable surveys keep soaring, who cares about the actual "data." All that matters is how people feel, and as such the time has clearly come to emotionally-adjust GDP as well.
h/t @GreekFire23
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Bloomberg Fucktards...
Output is now measured by apps downloaded and happy hour drinks consumed. Manufacturing is for the yellow man. USA! USA! USA!
How to know which propoganda to believe? Always the most recent. It's subject to revision without notice. Gotta keep up, people.
"We are at war with Eastasia. We have always been at war with Eastasia."
This is the sort of "news" you get when the event horizon is 24 hours... It appears that Bloomberg is about as addled as their namesake...
The lies are everywhere. Everyone should know by now this turd has been papered over.
Nothing inconsistent about the two headlines at all - this just means more burgers and sammiches are being assembled than cars and CATs. Manufacturing for the future and all that.
And I'm pretty sure the cars taste better than the sammiches.
Mmmm, iPads! Use the tangy BBQ sauce wid'em!
If Event horizion infers the memory span of the public you are too correct.
It would seem that one idea is rapidly and gratefully replaced by the next.
I don't think Event Horizon means what you think it means.
This isn't anything compared to NAR overstating housing sales by 5 million units from 2007 to 2010.
Good thing our ever diligent MSM cracked that scandal/fraud to the
masses - NOT.
http://www.zerohedge.com/news/us-housing-market-was-artificially-inflate...
Denial of reality always works out so well. Not to worry though, Dr. Stranglove has a plan involving caves and mines....
They make up the data as they go along and we make believe to believe the make believe data.
Much like the global warming cabal, flying in the face of reason and fact...
Markit (PMI) will be obsolete soon as they decided to play the bankster games - their "survey" is useless.
Centrally commanded propaganda, like in communism.
Have to sell carnival tickets.....
The only thing being maufactured is bullshit from the .gov propaganda machine know as the MSM.
If manufactured numbers count as bullshit, I totally agree. The volume of manufactured numbers is at an all time high.
At least now I have some new stuff to add to my list of impossible things to believe before breakfast.
And these are just the "little lies". They ones they don't even care if you see through them. They are nested within larger, more complex lies.
It's an epic bull market bubble in bullshit.
You forgot WOAR!!!!!
Hope and Lame
Debt manufacturing reaches all time highs, while production of physically useful items has dropped like a turd on a tree branch.
Production of physically useful items
IE: People
People = Soylent Green...
https://www.youtube.com/watch?v=6zAFA-hamZ0
Propaganda machine out of sync.
I trust anything Bloomberg as much as I trust anything Obama, anything Kissinger, anything Bush.
Bloomberg says "No sugar for you!"
But all the aspartame you can handle
And thrown in some fluorinated water to boot...
And the difference this week will see another disconnect as Alibaba's IPO and Scotland's 'No" vote rides in to save the day. Bullish!
Lat motnh CNBC ran an article touting the huge industrial growth (that was attributed to the channel stuffing coming from the auto makers). Yesterday they ran an article and said, "excluding autos, industrial output grew modestly at .1%."
Include the number when it helps, exclude it when it hurts. Easy peasy.
We have always been at war with Oceana.
@typing typer: you are right. I have known that for a long time but your comment still felt like a punch in the gut.
No one manufactures horses. But horse racing is BIG BUSINESS just like Wall Street.
Wall Street doesn’t manufacture anything. But Wall Street is BIG BUSINESS just like horse racing.
The common denominator? BETTING.
A Tout and a Broker serve the same role in the betting transaction.
The numbers: the winners: the losers: the results do not matter.
Only how the bet was placed.
Everything else is NOISE!!!
You lost me, they still shoot horses don't they?
You don’t have a principle position in a horse race, but you can bet on it.
Derivatives are bets lacking principle positions.
Or even principles.
Yes, when a horse breaks down, they kill it.
When a derivative breaks down they kill the taxpayer.
Horse racing is ethical compared to WS
Subprime auto loans beginning to crack
FDIC and OCC with recent warnings
Manufacturing may be down, but bullish for debt this month!
Sep 3: MY DICK IS HUGE!
Sep 17: { my dick is puny }
Reality ... my dick is microscopic.
'cause ya been Wanxin' too much, man.
Perception management.
Chain Store sales took it in ass as well. That must be why I heard a K-Mart commercial yesterday pleading with people to put gifts on layaway for Christmas.
The commercial was premissed on the fact that someone you know might have a birthday in December, so you should put their gift on layaway now so you have more money for Christmas shopping.
I wanted to throw a brick through my TV... GFC it's the middle of September you fucking leeches!
Costco had their Christmas shit out in August. I reckon the Easter Bunny will make an appearance later this month.
I saw that commercial too. The premise is a layaway plan with no money down! A large percentage of those 'purchases' will be recorded but not delivered. Genius marketing campaign.
in my hood Big Lots recently put out a big sign
We accept EBT
woot!
As if 30 days wasn't already short enough for Wall Street's long term investment advice.
Confidence is everything.
Ah, yes...anytime something goes down the magic word "unexpectedly"...I did not unexpectedly expect the use of unexpectedly...
Yesterday - new record of people are on the SNAP program
Today - Poverty level dieclines in the US for the first time since 2006
The lies machine stop no where, so long as it makes the turd in the house look good.
Dats rayciss!
or....it's just true, the guy has no new ideas, is feeble, lacks decisiveness,AND hates America. it could be that, rather than racist.
So is the definition of poverty the lack of a specific amount of money income, the government classification of your specific need, or if you receive government support based upon those needs. It would seem logical that either government statistics on poverty must be the latter and if so and they are receiving government support, then they would no longer be officially in poverty. This metric, like all others, is simply a tool of public perception and is meaningless other than to clue us to THEIR intent.
I was for Manufacturing output before I was against it......
You can't beat a good feel.
I am currently feeling....myself.
"A man is only as young as the women he feels!" -- Groucho Marx
They already readjust GDP (note last sentence).
I have come to the conclusion that these various surveys are fictions constructed in a specific way- they are designed to alternate up and down so that there is always very good economic news and very bad economic news released at the same time. Then the next month, the surveys switch around which direction they are pointing. This serves several purposes- it keeps the news from going in one direction and the up and down sawtooth keeps the trend data bound.
I like having choice in my news headlines. Takes me back to the 3 Mile Island nuke plant accident. I was in NYC at the time and the local newstand had screaming headlines from the New York Daily News and New York Post:
New York Post: Nuke plant out of control
New York Daily News: Nuke plant under control
Freedom of choice.
The front runner right now for this week's "Orwell Award" for an Internet "article" has to go to Yahoo for this undisguised hit piece on folks trying to maintain any semblence of privacy in the digital age: "Comcast Denies It Will Cut Off Customers Who Use Tor, The Web Browser For Criminals" http://finance.yahoo.com/news/comcast-threatening-cut-off-customers-092817979.html
Of course, the week is still young.