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ISM Manufacturing & Construction Spending Collapse To 6-Month Lows
Not decoupling-er. Completing this morning's triple whammy of ugliness, US construction spending in December dropped 0.3% (against expectations of a 0.4% rise) - the biggest monthly drop since June. On the back of a crash in new orders from 66.0 to 57.3 (and prices paid plunging to 30 month lows), ISM Manufacturing also tumbled from 58.7 to 55.5 - its lowest since June (missing expectations by the most since January). Unable to find a silver lining, ISM's Holcomb proclaimed "comments are a 'bit mixed'".
ISM at 6-month lows...
As Prices Paid collapses...
and Construction Spending tumbled far more than expected...
Charts: Bloomberg
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HILARIOUS!
And did USDJPY just hit another peak?
http://www.marketwatch.com/investing/Currency/USDJPY/charts
William Dudley back at work again at the NY Federal Reserve trading desk.
Still gotta little room to run http://www.marketwatch.com/investing/currency/USDJPY/charts?symb=USDJPY&countrycode=US&time=20&startdate=1%2F4%2F1999&enddate=1%2F2%2F2015&freq=1&compidx=none&compind=none&comptemptext=Enter+Symbol%28s%29&comp=none&uf=7168&ma=1&maval=50&lf=1&lf2=4&lf3=0&type=2&size=2&style=1013
Raise rates Janet. I dare you.
no effing way ... usd waayyy too strong
...and ALL US Indices bright green LOL
We don't need no stinking manufacturing.
The Federal Reserve can print all the money we ever need.
Just hand that Paper to the any country and they handover finishsed goods.
everything is down today lol
King Dollar going 'godzilla thru tokyo' ... again
DXY hit 91 earlier
if i had a penny for every time in the past 6 months usd going to weaken ...
FOMC worried about dollar strength 500 pips ago ... wonder what they think NOW??
This means Gold goes below $1,100?
US economy is recovering... drop in oil price accounts for a 5% GDP increase
Presto bingo. Looks great on paper. Same as it ever was. Shiny apple with a rotten core. Just don't dig deeper, don't ask any questions and don't ever question authority.
Europe looks like a good alternative. Easy to hide in the crowds of potential Eastern European migrant workers there. Don't have to speak a lick of Italian, Greek, Spanish or French but will offer to work in your gardens or on your vehicles for an hour a day every other day and live the rest of the time of my savings which go a long way in any of the forementioned places. Get access to benefits and health care, some of the greatest food and wines. Savoir vivre.
Who needs the headaches of owning a big place in a forgein country where politics swing from either fascism or communism depending on where the wind blows from? Surrounded by corrupt peoples who pretend to be your friend as long as you pay them for your protection. No thanks.
Happy new year bitchez! Welcome to year seven of moar of the same.
Peak stuff.
Mob coming to collect? http://www.marketwatch.com/story/sen-reid-breaks-facial-bones-ribs-in-workout-accident-2015-01-02
Lol, exercising is bad for your health. Broken exercise equipment my ass. I bet the old fart got tanked up and fell off his bar stool.