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US Manufacturing PMI Plunges To Lowest Since 2012 As Factory Orders Collapse To 2009 Lows
Following the collapse in industrial production, it is no surprise that Markit's Manufacturing PMI has plunged to 51.3, its lowest since October 2012. Under the surface it is a disaster with production volume growth the softest since October 2013, and new orders crashed to worst since September 2009.
But do not ignore manufacturing because, as Markit notes,
“Although manufacturing only accounts for around one-tenth of the economy, the Manufacturing PMI exhibits a high correlation of 77% with GDP as industrial activity has an important cyclical impact on other parts of the economy.
With many sectors such as transport and business services dependent upon the manufacturing economy’s health, the downturn in the survey data sends a warning signal that the US upturn appears to be rapidly losing momentum as we move into 2016. However, the picture will become clearer with the publication of services PMI numbers on Friday.”
Seems like the perfect time to raise rates.
Charts: Bloomberg
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O-bomba Unemployment is still only 5%
But, we got housing starts and permits!! Do not panic!
http://www.zerohedge.com/news/2015-12-16/housing-starts-bounce-permits-s...
See!?
it's all in the shitter anyway. Let's raise the rates too.
Nobody is buying anything, zero.
I believe that unemployment may actually be that low. Everywhere I go I see tons of ads for low paying jobs, whcich pay less than being on public aide. Underemployment is at an all time high, the middle class has never in my life been in worse shape.
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Actually unemployment is only 1.5% under o-hole. You're just not counting it properly. #RealityDoesntMatter
Take a look on employment in manufacturing http://smart-lab.ru/blog/297493.php
So RTFR and BTFD?
can it get any worser?
Yes young XYZ Cracka, it can. If we hadn't injected $4.5 Trillion of funny money into the system, and trillions more that you sheeple don't even know about yet, to bail-out Wall Street and the banks (both domestic and international), things would already be a whole lot worserer. Sure, businesses that should be out of business, would be, and the gubermint would have to attempt at a balanced budget, and the massive debt would have tripled, instead of only doubleing, but what fun would there be in that? Just compare what we are doing to over-clocking your PC, we are going to run this thing until the core melts-down. Enjoy the ride!!
Beg to differ. Had the CBs not injected the $Trillions, we would at least potentially be on a road to recovery.
The root problem is the creation of credit. Creating moar of it has not made anything better. It has simply deferred pain in exchange for larger pain.
It is common to babies. They get a big shit coming and they don't want to feel the pain so they squeeze tight. The shit only gets bigger. The shit has to be liquidated sooner or later or it is going to tear the little baby a new one.
In conclusion, this country needs an enema.
Its not the fall that kills you its the sudden stop..... Today might be that sudden stop. I dont think Mr. Yellen has the balls. Either way that little Kosher Yoda is letting something out of the bag today, that Bernanke created. No raise bonds are slaughtered. Raise and stocks are slaughtered....
Disagree completely. Yellen does have balls.
Let me guess... this is somehow magically bullish for stawks...
FUBAR.
I go to Costco for weekly shopping. Since Black Friday there are about 1/2 the amount of people that are there on a normal shopping day. IT IS EMPTY. I have not had to wait in line for a register to check out.
Based on such poor sales, I figure the stock market is good for 2000 points up on the DOW.
' Manufacturing PMI has plunged to 51.3, its lowest since October 2012. '
Actuallly lowest since October of 2013 when it was 51.1 but hey, who's keeping track?
EurGold are selling all of their 1oz silver coins for just €12!
These include:
1oz Silver Vienna Philharmonic 2015.
1oz Silver American Eagle 2015.
1oz Silver Canadian Maple Leaf 2015.
1oz Silver Perth Mint Kookaburra 2015.
https://www.eurgold.de/silver/silver-coins/
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https://www.eurgold.de/silver/silver-coins/500-x-1oz-silver-vienna-philharmonic-2015-master-box/
Silver 1oz American Eagle 2015 Master Box (500pcs) - €7,949.17.
https://www.eurgold.de/silver/silver-coins/500-x-1oz-silver-american-eagle-2015-master-box/
Silver 1oz Canadian Maple Leaf 2015 Master Box (500pcs) - €7,775.52.
https://www.eurgold.de/silver/silver-coins/500-x-1oz-silver-canadian-maple-leaf-2015-master-box/
All major credit cards accepted. Sale ends 31st December 2015.
With a government that keeps putting out numbers that have to be revised up to three times. They also have to change the way they are calculated to make sure the end result shows the sweet number they want. It is very hard for me anymore to believe any numbers that are put out by our beloved dictator and his loyal servants.
Hey look, it's Elvis!
employment in manufacturing so bad
http://smart-lab.ru/blog/297493.php