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Global Manufacturing PMI Plunges To 26-Month Lows
Ever since The Fed began to taper QE, global manufacturing growth (as ascribed by JPMorgan's global PMI) has been falling almost incessantly. August's 50.6 print is the weakest 'expansion' since June 2013 as output fell to its lowest since April 2013 with New Orders falling.
Un-escape velocity:
As for the details, here are the 29 regions that have reported September PMIs: 15 saw improvements in their manufacturing sectors in September, and 14 recorded a weakening.
A reading above 50 reflects expansion, while below 50 indicates contraction.
Charts: Bloomberg
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Remember what I said 2 years ago?
QE3 and Zirp would cause decline of real economy?
Prediction fulfilled
You have only been a member of ZH for 17 weeks .......
3 years, under another name
You called it a "real" economy .....
Kotfare16? Is that you?
Ha ha. Love this place. Even as Rome burns all around us.
Well, then prove it by providing a link to your earlier prediction.
Says the guy who has been here 5 weeks. But I do remember what you said 4 years ago too.
No, I don't - sorry. But 'I' do know that a lot of people with inferiority complexes are fond of reminding the throngs of adoring fans that exist in their mind, of how 'I said', 'I told you', and 'I predicted', so there's that...
you weren't exactly going out on a limb there
I have a funny feeling tomorrow is Friday. Let's check to see if I am right...tomorrow.
This chart just shows how it is a perfect time to raise rates sky high. That is, if you are insane.
I'm pretty sure we don't need JPM to tell us the obvious. The patient is sick and could go terminal at any time.....
JPM is going to send you a bill anyway....Janet will provide the criminals with more of your money
QE stops, PMi drops...no way in hell these are in any way connected , we manufacture everything we produce and import hardly anything. I have more to say later, i'm late for my shift at Applebees.
You should elevate your career and join me at Bone Fish Grill. That's where the big dogs play!
#WINNING
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Manufacturing jobs are going off-planet now?
'Off world'...
-Roy B.
Looks like the Fed's line in the sand is 1890ish on the SPX.
And there is Denmark... Kicking ass. I don't have a clue what they make, but they're making a lot of it. Booming I tell ya. They must make digital ink or 0's and 1's.
... and Greece. Don't forget Greece!
It seems the aggregate demand for central planner bullshit is deflationary.
There was a post here a couple of months back about solar cycles and economies. Funny but the sun peaked in April 2014 and the manufacturing index peaked 1-2 months prior and has been falling pretty much exactly like the solar cycle 10.7 cm flux. Just a coincedence I am sure.