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Miracle In Manhattan? - ISM New York Spikes By Most In 12 Years (From Lowest Since 2009)
File this under 'WTF' - despite job growth and purchase volume dropping for the 2nd consecutive month for the first time in 3 years, ISM New York reported a headline print of 65.8 in October. The jump from 44.5 (6 year lows) in September is the largest MoM jump since Nov 2003... Under the surface it was weak all around except for one thing... "outlook" - or hope - which soared from 62.8 to 74.0 (despite a plunge in expected demand 6 months out). All in all - we reiterate our initial thoughts - WTF!?
It's a miracle...
Because demand expectations are at record lows...
Charts: Bloomberg
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The jump is attributed to the excessive amount of bullshit that's manufactured in Manhattan.
FWIW: New York is offering Tax free 10 years for any business that relocates to New York. There are companies from CT & NJ relocating to NY on the tax offer.
It’s the movie trailer for the “Dec Rate Hike”.
Can hope or outlook be quantified?
Does it really matter? They would just lie anyway and NOONE would call them on it..
Baghdad Bob was more believable than US economic data.
Whatever happened to that guy?
I love that guy!
(he was one of the rare smiles in an otherwise horrible situation)
So this is why the national ISM was positive! What event caused euphoria? FED dialed in on keyboard. How did the front-runners do on this massage?
So things are REALLY REALLY good now, which outweighs the fact that things are expected to be REALLY REALLY shitty later.
Got it.
Everything is awesome......!_______rate hike______, everthing is shitty....,
when it gets seriouser, you have to lie even bigger
Did they remove Dudley's letterhead from the report?
Shattered - Rolling Stones
Shattered, shattered
Love and hope and sex and dreams
Are still surviving on the street
Look at me, I'm in tatters!
I'm a shattered
Shattered
Friends are so alarming
And my lover's never charming
Life's just a cocktail party on the street
Big Apple
People dressed in plastic bags
Directing traffic
Some kind of fashion
Shattered
A) Bc Joe Lavorgna did his Christmas shopping early this year.
B) Bc everything is awesome.
C) Bc the Zionists manipulated the print.
D) Bc variance.
E) All of the above.
F) It's all bullshit anyway.
Let's all join Barry Manilow and sing "It's a Miracle"....https://www.youtube.com/watch?v=YErztyfO49M
At what point does "WTF" become irritatingly irrelevant?...
No wonder the NSA has to build super data storage center(s) CONUS?...
We need multiple places to store all of the Feds metastasizing "0s" along with the "WTFs" that follow them in sequence that we can't even count anymore!
TPTB say everything is awesome GO SHOPPING! WE NEED 8 more years of the same politicians for sure, they saved the world!...
Not related to "company specific activity"(hiring/firing or sales/inventory) ---seasonaly adjusted current business conditions sometimes-----
Bidniss in the big apple is awsome---the ismny said so -
----October’s Question of the Month: In your opinion, in the quarter ended September, are your department/company expenses running above, in line or below budgeted projections?
this is bull shit on top of bull shit------bullish??
this is bull shit on top of bull shit------bullish??
g
It's the surreal repercussions from too many lemmings ignoring their own reality and believing that the worst can never happen to them!
Stephen King couldn't write a better novel of fiction to scare the shit out of you!
I cannot wait until Friday. I am going to enjoy seeing how they present the job numbers and make them look good.
I would love to hear someone just say, "Fuck it, I simply cannot make the goalseek function work any more. Here are the real numbers."
Then he drops the mic, gets on his chopper and flies to his personal bunker in upstate.
Where he finds that his chopper pilot's extended family has already moved in and he gets to stay on as their butler.
The desperation of the financial sociopaths are getting greater and more obvious than ever. Especially in precious metals and statistics. When you see the daily Kitco charts showing prices being waterfalled, something financial blew up somewhere and they certainly don't want people diving into physical gold and silver. It puts them out of business. They can't lie and steal from you if your long-term savings are outside of the casinos. Sure, they can crash the price temporarily, but watch what happens when paper promises fail.
How can we tell when we've hit "Peak Bullshit"? ...just curious.
Your television will no longer turn on.
Of course sentiment is positive. One year until Election Day. Anything is an improvement over the economic Reign of Terror presided over by Michelle Antoinette's beard.
ISMs are survey based - I have no idea why so much emphasis is placed on them. They mean nothing as all the hard data is pointing in the opposite direction.
Probably contrived and manipulated numbers like everything else.
just the fact that zerohedge is talking about "ISM NY" - a shyster indicator that never before was used or relevant - perhaps gives creedence to the notion that zerohedge is MSM. this is just like this garbage "baker hughes rig count" that they now tout as being "important" aka used by the thiefs and their algos.
there is corruption as far as the eye can see in this market. it really needs a reset or to be abolished for the good of the country. nothing good comes out of the stock market, nothing.
Well, the most deluded 'souls' on the planet live/work in New York. Its just another con-job from the Pinko Fascist Commie Brigade. If you can't beat 'em, change the rules is their motto. Wouldn't want to live there when this thing blows....