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Global Manufacturing PMI Tumbles To 14-Month Low

Tyler Durden's picture




 

Is it any surprise oil prices are cratering? With global GDP expectations plumbing cycle lows, JPMorgan just confirmed the global slowdown is accelerating as their Global Manufacturing PMI printed 51.8 - its slowest level of 'expansion' since September 2013.New Orders fell to the lowest reading since July 2013 and New Export Orders to the lowest since June 2013.

 

 

But the US is really decoupling this time...

 

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Mon, 12/01/2014 - 12:28 | 5504727 ZippyBananaPants
ZippyBananaPants's picture

We decoupled some folks

Mon, 12/01/2014 - 12:44 | 5504765 knukles
knukles's picture

Todja todja todja, but no body listens to me.
Hey! 
Youse guys supposed to be running the show!
We're in a Liquidity Trap (and been there for years and goona be for years longer , just like Japan!) unless structural reforms are made.  Money out of the political system, reinstitute Glass Stegal, no more TBTF, rule of law applied to all, equally, etc., etc.,etc

Yeah, like that shit's gonna happen.

Not pretty out there, "folks"
And all the while, the PTB are contemplating Ferguson, teaching healing theory via rap music idolizing Michael the Gentle Giant, oh fuck over the system some more, global whatever, gas and oil wars, currency wars, droning brown kids, spying on citizenry, menial to no job creation...
Why does anybody wonder, huh?

But I'll tell y'all, that as it goes pear shaped even more than it already is, there will be a New and Improved QE2infinity unseen in the history of mankind.

"They" cannot permit deflation.  It's the flip side of debasing the coin and currency.
Booyah motherfuckers.

Long bonds, long gold
Dismiss the temporal, focus on your soul
The rest don't matter.

PS  Mayhaps that's what I'm talkin' about in gold today?  Bad news deluxe as precursor to Ultimate New and Improved Global CB Easing to Beat All Easings.

Mon, 12/01/2014 - 13:05 | 5504873 rocker
rocker's picture

Desperate People Do Desperate Things. Either Way....It's Contraction....Others are Desperate too.

I speaking of those who did not profit from QE. They were actually hurt. That's the 90%

Mon, 12/01/2014 - 13:26 | 5504962 Oldwood
Oldwood's picture

Hey, whats to say teh world isn't due for an extended unpaid vacation? We know its not the reality we are dealing with, only finding the proper "correct" terminology to describe it.

Mon, 12/01/2014 - 13:34 | 5505005 KnuckleDragger-X
KnuckleDragger-X's picture

But none of that stuff is Keynesian Knuckles, we just need to keep doing the same shit until there are rainbows and unicorns everywhere...

Mon, 12/01/2014 - 12:28 | 5504734 NoDebt
NoDebt's picture

I reject your reality and substitute the ISM version of reality.  Everything is great and getting greater by the minute.  You can almost FEEL the hum of recovery sweeping the globe.

Mon, 12/01/2014 - 13:35 | 5505010 KnuckleDragger-X
KnuckleDragger-X's picture

Reality is highly over-rated.. bring on the dancing girls!!!

Mon, 12/01/2014 - 12:30 | 5504740 LawsofPhysics
LawsofPhysics's picture

Yes, yes, the "global slowdown"... etc.

 

I still see 7+ billion people (and growing) competing for a higher standard of living and all the real resources, energy and technology that makes that possible.

Mon, 12/01/2014 - 12:42 | 5504784 ekm1
ekm1's picture

People confuse currency trading with trading of real goods and services.

 

Currency trading is up, hence trading of goods is down.

Either one or the other, both going up is not possible.

Mon, 12/01/2014 - 12:45 | 5504797 LawsofPhysics
LawsofPhysics's picture

The point being that something has to give.  Hungry people are a serious liability whether you like it or not.

Mon, 12/01/2014 - 12:33 | 5504744 Osmium
Osmium's picture

Quick, somebody place a large order for Aircraft!

Mon, 12/01/2014 - 12:40 | 5504779 Bell's 2 hearted
Bell's 2 hearted's picture

just finished combing the NRF website

 

HORRID numbers

 

on nov 20th they released a report expecting 140 million individual shoppers

 

actual (per NRF) 133 million

 

 a whole lipstick factory ain't enough to cover this PIG

Mon, 12/01/2014 - 12:52 | 5504780 ejmoosa
ejmoosa's picture

Rightsizng the World Economy....

...one economy at a time.

Mon, 12/01/2014 - 12:42 | 5504788 Bell's 2 hearted
Bell's 2 hearted's picture

Germany manufacturing PMI (november) contracted ... 49.5

 

expected 50.0

Mon, 12/01/2014 - 13:40 | 5505033 Creepy A. Cracker
Creepy A. Cracker's picture

BULLISH!!!

</s>

Mon, 12/01/2014 - 13:44 | 5505053 SickDollar
SickDollar's picture

someone please send me some of that QE cash, I could use it big time :)

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