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Manufacturing PMI Signals "US Economy Has Entered A Slower Growth Phase"; Employment, New Orders Tumble
Having hovered at its lowest level in 12 months in January, February's Markit US Manufacturing PMI printed 54.3 (modestly above expectations of 53.6). Under the covers it is a very different story with New orders dropping to their lowest level since Jan 2014 and employment falling. While the headline will likely steal the day (though initial equity reactions are negative), as Markit concludes, "the rate of economic growth remains well down on last year."
And employment plunged...
As Markit notes,
“The survey therefore adds to the sense that, while still expanding at a solid pace, the US economy has entered a slower growth phase.
February data indicated greater caution in terms of job hiring across the manufacturing sector. Payroll numbers increased only modestly and at the slowest pace for seven months. Meanwhile, manufacturers pointed to the slowest rise in input buying since January 2014 and inventory volumes increased only slightly since the previous month
"the rate of growth remains well down on last year’s peaks, and a slowing of new orders growth to the weakest for just over a year looks to have caused employers to take a more cautious approach to hiring. Worries over Russia and the eurozone also continue to dampen risk appetite"
And Deflation looms...
"manufacturing costs, now falling at the fastest rate since mid-2012, should help drive inflation down further in coming months and allow policy to be kept looser for longer if needed.”
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Charts: Bloomberg
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It's a fake graph.
No big deal. Our ChiCom crappola supply may now resume uninterrupted:
02.20 BREAKING NEWS: Logisticsaggedeon Avoided-Longshoreman Union and Ports strike 5 Year Deal
Which works because it's a fake economy.
This is good for records in Stawks for today btfd buy buy buy before the crash
QE 4 is assured. QE will be larger each time than the previous.
The Federal Reserve must continue ever larger QEs until a currency crisis.
QE forever until WIII bringing on the great culling of the sheep.
...until WWIII brings about the great debt restructuring to ensure the sheep can not "relentlessly pursue their creditors to pay them off w/ worthless dollars."
they're already pumping it hard behind closed doors and i think even these degenerates know that public pumping doesn't seem to have the same effect as it used to.
See ECB March 1st.
Who needs jobs when you have a printing press?
Just collect SS disability and trade stocks for 2 to 3 hours/day and then go out and enjoy life. Build your nestegg.
Know of many that are doing this. It's encouraged by the Obama administration.
"It's encouraged by the Obama administration.:
And PINKO FASCIST COMMIES everywhere!
last time i checked a "growth phase" required actual growth.
Houston-based Marathon Oil Corp. (NYSE: MRO) is the latest energy giant to cut jobs amid falling oil prices.
http://www.bizjournals.com/houston/news/2015/02/19/marathon-oil-to-cut-h...
Moar green shoots.
Bullish signal...buy MOAR AAPL before it's too late!
"The rate of economic growth remains well down on last year."
Which is no big deal because last year was so super fantastic for everyone.
indeed what a banner year we've had, what with all the growth. even McDs is fucked and you know it's a utopian dream when the fed and McDs are doing so well with the new and improved bull shit menu items.
How does one go about adjusting an answer to a question? Seasonally that is?
The hipster millenials deliver pizzas in their new 35k cars paid for with student loans.Thus need more cars to be made.
Ps: according to a research "blacks" aquired twice as much in student loans then whites or hispanics or Asians.
Whatever that means.
It means "niggas are broke these days."
-Friday, smokey
Dude, we are all niggers now. "SERFS" by any color are still debt slaves.