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Service PMI Misses, Tumbles To 7-Month Lows, "Extreme Weather" Warning For GDP Issued
On the heels of the biggest miss on record for US Manufacturing PMI (which corresponded un-decoupling-ly with disappointing European and Chinese Manufacturing PMIs), Markit's Services PMI printed 56.3, missing 57.3 expectations and notably down from October's 57.1 to 7 month lows. As Markit notes, the index has now pointed to softer growth of business activity in each of the past five months, to signal a sustained loss of momentum since the post-crisis peak seen in June. What is even more worrying... Markit points out that the economic upturn has lost considerable momentum, and with extreme weather hitting parts of the country, growth could slow even further.
Services PMI ugly...
Which when added to the Manufacturing PMI suggests 2.5% GDP growth at best...
The entire soft-survey-based pop in H1 2014 has now been undone!
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Commenting on the flash PMI data, Chris Williamson, chief economist at Markit said:
“A fifth-consecutive monthly slowing in growth in the service sector adds to signs that the economic upturn has lost considerable momentum, though it’s important to note that the pace of expansion remains robust by historical standards
“After the manufacturing PMI showed factory output growth slowing in November to the lowest since January, the weaker pace of service sector expansion puts the economy on course to grow at a 2.5% annualised rate at best in the fourth quarter. With extreme weather hitting parts of the country, growth could slow even further.
...
“The worry is that any hiring intentions could rapidly deteriorate if firms’ order book inflows fail to pick up again soon.”
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We're gonna need a bigger QE
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No,
Shovel and plow.
But it's getting fucking hilarious!
What?
Overpriced coffee, burritos, burgers, and self-checkout won't save us? Inconceivable!
But I thought they were not going to save stocks this time.
I had all of my puts in place.
Now you are saying QE again?
What is a muppet to do?
DOW 50K here we come
Extreme weather is Bullish for snow shovel sales and for the wages of snow plow drivers.
not that funny, but sadly, anything on purpose to boost the sells is kinda well accepted.
Computers replacing bank tellers and grocery checkers...Now keep hiring more bartenders to serve water to unemployed debt ridden 'college grads'
2.5% annualized growth = LOL!
"Extreme weather" slowing growth = ROFLMAO!
20.5% growth in CEO pay, and a suck ass economy blamed on "weather" more like it.
"A very merry un-birthday, to you!"
Somply put, no need to do anything anymore because a 2,5% growth is enough to pay the bills.
Or isn't it...
The boys have no choice but to reflate this entire house beyond all comprehension...but make sure they lean on the PM's in order to maintain the correct 'optics' to keep the pitchforks and Molotov cocktails at bay.
Been there, seen it, done that..
So they boyz are all going into bunker mode now and saying fuck it already!
Trillions more with even less effect. I guess if we're going to do national suicide we might as well go first class.
Global warming would cancel these winter hits to GDP/PMI's. Just saying maybe we should all be out eating beans, feeding the cattle beans, maybe include coal for electricity again so the coal miners could go back to work and eat beans. It would not take long to get the carbon emissions soaring out of this "shameful pause" and moving in the direction the hysterically sloppy manipulating scientists and Al Gore claim it has been climbing so dangersously in the past. Hell who knew this was actually the best solution to our financial troubles. /s
Bring on the cow farts, carbon and methane from 6 billion folks and Get rid of the snow, get rid of the glaciers and we will soon have the GDP/PMI's soaring like CO2 in a Chinese megatropolis. /s
Please do not feed Michelle any beans we do not want to scare the children!!
Several coal plants are going offline in January due to EPA rules. All the people will need the beans so they can burn the gas to keep warm.
When is the FED going to realize that if U.S is not QE'ing and every other country is then things are going to go south very fast. We'll be heading into FOMC meetings with expectation of QE and if we don't get any will crash.
What great bad news, should help propel the 'markets' to new record highs
Let's just get the shitshow on the road so we can build an actual recovery.
the craigslist hack will be blamed for the miss in GDP. everyone knows that's the real economy
Bullish?
Even a breakout of the Yellowstone supervolcano would be bullish these days.
I have to laugh at how financial media now thinks stawks are 'sentient beings', they tell us stawks are out there 'trying for another record-er close'.... YAY go stawks go! Need some Gatorade?
Let's face it ladies and gents the only thing that matters from here on is the worlds central banks propping up markets.
Dow 20.000 S&P 3000 by end of year!
End of story.
not only.
lets be honnest here, how many ppl can argue to be efficient offgrid, without money, no bank account... noone.
is system crash, and we want it to, we think we can go our own way. BUT... from thinking " i can handle it" to acting " shit ! stores are closed i need items to cook" there is a huge gap.
if system crash, bank run then okey choral, this 'd be messy.
that's why system is not allowed to crash.
they won't let it to...
Markets up - USD up.
http://bullandbearmash.com/updated-spx-inverted-relationship-usd-usd-sha...
One side will win. We think it will be the USD.