This page has been archived and commenting is disabled.

And So The World Burns: Global April PMI Summary

Tyler Durden's picture




 

No need for much commentary here, suffice to say that those who thought Italy's massive drop in PMI from 47.9 to 43.9 in April was bad, apparently have not seen Hungary, Australia, Norway or Switzerland. The good news? Turkey is doing well to quite well... which likely explains why they are trying to confiscate the people's gold.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 05/02/2012 - 09:05 | 2390806 GetZeeGold
GetZeeGold's picture

 

 

Good thing I brought my cheap sunglasses and suntan lotion.

 

Wed, 05/02/2012 - 09:11 | 2390835 SilverTree
SilverTree's picture

...like FRNs through an hourglass. 

Wed, 05/02/2012 - 09:16 | 2390847 Jim in MN
Jim in MN's picture

...these are the Days of Our Lies.

Wed, 05/02/2012 - 09:31 | 2390878 Aziz
Aziz's picture

On the edge of a precipice, staring down.

Wed, 05/02/2012 - 09:43 | 2390924 GetZeeGold
GetZeeGold's picture

 

 

Lou Mannheim: Man looks in the abyss, there's nothing staring back at him. At that moment, man finds his character. And that is what keeps him out of the abyss.

 

Wed, 05/02/2012 - 09:23 | 2390868 Gully Foyle
Gully Foyle's picture

Listen up now people!

A sub with 500 KILOTON NUKES GOES MISSING and it doesn't make the news?

An oil pipeline graphic that mentions a "MASSIVE backlog"of fuel.

And DELTA buys a refinery.

Hmmm.

 

http://www.veteranstoday.com/2012/04/30/raw-reports-nuclear-threat-from-...

A nuclear weapon that wasn’t supposed to exist, a single 500 kiloton hydrogen bomb, one of four being tracked, was seen being loaded at the German port of Bemerhaven, Germany.

The groups assisting in what we were informed was a counter-terrorism surveillance operation were the American NSA, British MI 6, the Office of Naval Intelligence and the British Royal Navy.  The “device” was loaded onto a Germany built “Dolphin” submarine and left the harbour doing 7.5 knots.

The submarine disappeared while being tracked by every sophisticated device NATO seems to be able to own or borrow.

At least one of those from among the listed agencies was arrested by the local police force in Oxford, their electronic surveillance gear siezed, were confined for 12 hours despite being above arrest and detention as a senior NATO intelligence officer.

Attempts to track the sub in the busy harbour were in vain and it is unknown what the nationality of the crew were or the destination, whether the UK, the US or some place in the Middle East.

What we do know is that Germany and other NATO nations, in a highly disputed exception to the Nuclear Non-Proliferation Treaty, had held 182 such weapons until all had supposedly been given back to the United States in 2005.

We now know this to be untrue.  There are several possible scenarios:

  • Germany is a nuclear power in violation of international treaties and both Germany and the US are lying
  • The German government is in violation of international treaties and is selling or transfering nuclear weapons to unknown third parties
  • Terrorists have stolen a nuclear weapon that Germany was holding illegally
  • Germany is involved in a terror plot aimed at a third party, Iran, the United Kingdom or the United States
  • The submarine in question may or may not be one Germany is giving to Israel, this one with a “special enhancement” which, as we had questioned earlier, might be used against Iran, the United Kingdom or United States.

We know the British government at some levels, some departments, are aware of this action and are responding with retribution against their own intelligence services.  This seems to be an indication that some authority within Britain seems to have gone rogue, certainly the Thames Valley Police, possibly the Home Office and we can’t help but want to take a long hard look at David Cameron and his many mysterious meetings with Rupert Murdoch, the “not very Australian” ultra-nationalist/Likudist Israeli who stands somewhat accused of endless criminal acts or perhaps not.

Nobody in Britain actually knows.

Is someone planning to blow something up somewhere?  Are these just simply Germany boys on a lark, stolen submarine, borrrowed illegal nuclear weapon, kind of a prank?

Then again, we have the Bush administration.  Assurances were made that all such weapons had been out of German hands 7 years ago.   We now have direct evidence, eyewitnesses, that indicate that the US failed to follow the provisions of the Nuclear Non-Proliferation Treaty that it is using as a pretext to threaten Iran with violations of.

Oddly, Israel never signed the treaty and is, by conventional standards, considered a “rogue state.”

A fuller accounting indicates that the warheads may not be American but were of Soviet design.  We know the number to be four.

http://business.financialpost.com/2012/04/30/graphic-pipelines-of-north-...

Graphic: Pipelines of North America

http://www.nj.com/business/index.ssf/2012/04/delta_buys_conocophillips_t...

Delta buys ConocoPhillips' Trainer refinery in Pennsylvania to make jet fuel
Wed, 05/02/2012 - 09:32 | 2390890 CPL
CPL's picture

Zee Germans you say? 

 

They are just holding it for a friend.  Only explaination I can reasonably see, because Germany would never forcibly invade another country it's history has been so peaceful.

 

Sorry can't even keep a straight face typing that.

Wed, 05/02/2012 - 09:58 | 2390976 blunderdog
blunderdog's picture

I sure am glad I live in NYC.

Wed, 05/02/2012 - 10:08 | 2391005 pods
pods's picture

They would not ruin a perfectly good city with that!  

My money's on Detroilet.

pods

Wed, 05/02/2012 - 10:44 | 2391131 blunderdog
blunderdog's picture

My thinking is: in for a dime, in for a dollar.

It seems unlikely someone would pick the financial capital of the world as the location for an operational test of a 500KT thermonuke. 

But if they DO, I don't much want to be around for the aftermath. 

Who needs that kind of aggravation?

Wed, 05/02/2012 - 10:12 | 2391012 Coast Watcher
Coast Watcher's picture

Wow, an entire ultra-alarmist post about a missing hydrogen bomb and without a single source, even an "unnamed top official." And why a relatively small 500 kiltons, when H-bombs easily soar into the multi-megaton range?

Wed, 05/02/2012 - 10:38 | 2391110 Mary Wilbur
Mary Wilbur's picture

What is the point of posting the bit about Delta buying ConocoPhillips refinery to make jet fuel. It was part of ConocoPhillips strategy to unload its downstream business, including refineries and gas stations. It unloaded it and created the new stock Phillips 66. BP is supplying the crude for the new Delta refinery. I don't know whether to believe your post about the stolen sub or not. When was this supposed to have happened? 

Wed, 05/02/2012 - 14:18 | 2391745 Meatier Shower
Meatier Shower's picture

A missing nuke you say?

Just in time for the Olympic Games.

Wed, 05/02/2012 - 09:06 | 2390816 GetZeeGold
GetZeeGold's picture

 

 

Who let the terrorist in?

 

Wed, 05/02/2012 - 09:05 | 2390812 sabra1
sabra1's picture

sorry for the OT:

Shiller Backs Away From 'Late Great Depression' Remark

(i guess he was afraid of poisoning hisself accidentally!)

and, better yet!

S&P raises Greek rating out of default

Wed, 05/02/2012 - 09:07 | 2390822 GeneMarchbanks
GeneMarchbanks's picture

BRICT at the bottom of that list is no surprise. Where's Canada? Australia is about to enter pain.

Wed, 05/02/2012 - 09:11 | 2390838 LawsofPhysics
LawsofPhysics's picture

Canada is well positioned, but the chinese will soon own it all and that will be that.  

Wed, 05/02/2012 - 09:09 | 2390830 MacroAndCheese
MacroAndCheese's picture

Don't forget Chicago and Dallas surveys were huge misses on Monday, though still expansionary.

ISM was strange.  "Who you gonna believe, me or your lyin' PMIs."

Wed, 05/02/2012 - 09:20 | 2390855 ihedgemyhedges
ihedgemyhedges's picture

Hey MoronAndCheez, Dallas Fed went negative.  You ever read Zero Hedge???????????????????????????

Contributor?  Pleeeeezzzzzz............

Wed, 05/02/2012 - 09:12 | 2390843 EscapeKey
EscapeKey's picture

Much like only being able to "like" stuff on Facebook, and post positive comments on ebay, why don't gov'ts just stop releasing negative news?

Wed, 05/02/2012 - 09:14 | 2390845 Jim in MN
Jim in MN's picture

By the way, remember how 'Ron Paul never won a state?'  Take a look at the sixth entry in this list:

http://www.realclearpolitics.com/epolls/2012/president/republican_delega...

 

Also note more than half the Iowa delegates still 'missing'....isn't politics fun?  The Heartland still knows which way is up....

Wed, 05/02/2012 - 09:18 | 2390852 junkyardjack
junkyardjack's picture

We still have India and Brazil to pull the world into growth so I'm not worried

 

Wed, 05/02/2012 - 09:45 | 2390935 Unbezahlbar
Unbezahlbar's picture

Soros said..."China will lead us out of this recession."

 

Hong Kong’s government sold land in one of the city’s most exclusive areas for less than analysts estimated, underscoring developers’ concerns that increased housing supply and slowing global growth may stall home prices.

 

http://www.bloomberg.com/news/2012-05-02/hong-kong-sells-land-below-esti...

...mmmmmm...

Wed, 05/02/2012 - 09:20 | 2390853 orangegeek
orangegeek's picture

Governments always seem to get it wrong.  Government stealing gold from its people to finance itself - another sign that gold may have already seen its top.

 

Elliott wave primary count shows bearish on gold.

 

http://bullandbearmash.com/index/gold/daily/

Wed, 05/02/2012 - 09:32 | 2390892 bshirley1968
bshirley1968's picture

Hey, Dummy!  Gold doesn't have a top or a bottom.  It just sits there.  School is in so pay attention.  It is paper currency that fluctuates in buying power.  So if you believe paper currencies around the world are about to increase their purchasing power, then by all means gold will not increase in value, however if you realize the reality that paper fiat is going down like a "one egg pudding", you must then conclude that it will take more fiat to purchase an oz of gold thereby idicating that gold IS NO WHERE NEAR A TOP, DUMMY!

Wed, 05/02/2012 - 09:21 | 2390859 Cassandra Syndrome
Cassandra Syndrome's picture

Pre Menstrual Itching, bitchez....

Wed, 05/02/2012 - 09:29 | 2390880 Gully Foyle
Gully Foyle's picture

Edward: I used to be in a war. And I put paid to quite a few like you, this is a decent town and a local shop, there's nothing for you here.
Tubbs: Tell him I can't have babies anyway. Tell him my insides are all wrong.
Edward: Go on then, take the precious things of the shop, burn down our home,
[shouts]
Edward: rape our dead mouths! Just as long as I don't have to hear any more of your disgusting babble.

Wed, 05/02/2012 - 09:26 | 2390872 buzzsaw99
buzzsaw99's picture

Toga! Toga! Toga!

Wed, 05/02/2012 - 10:21 | 2391043 HurricaneSeason
HurricaneSeason's picture

Was it over when the Germans bombed Pearl Harbor?  Nothings over until we say it's over.

Wed, 05/02/2012 - 10:41 | 2391122 Mary Wilbur
Mary Wilbur's picture

I thought Japan bombed Pearl Harbor.

Wed, 05/02/2012 - 11:35 | 2391302 HurricaneSeason
HurricaneSeason's picture

I'm a college graduate.

Wed, 05/02/2012 - 09:27 | 2390876 dbomb12
dbomb12's picture

Turkey, the soon to be Islamic republic

Wed, 05/02/2012 - 09:31 | 2390886 Monkeyfister
Monkeyfister's picture

Austerity bites.

 

I imagine at some point a few business interests not connected to the central bank free money funnel might wake up and decide that obliterating the ability of your citizens to buy anything might have a wee negative impact on their businesses.

Wed, 05/02/2012 - 10:24 | 2391048 Centurion9.41
Centurion9.41's picture

Don't need to go overseas to see the slow-mo train wreck.

Just watched the head of the Providence RI firefighter's union on Varney & Co getting smacked around by Varney with the reality of the city being bankrupt.  His facial expressions, pure indignation, were classic.

The union leader, after acknowledging the city was broke, said what is important is the "process".

Why was it important?

The union leader asserted the importance of contracts and the law and if contracts could be unilaterally thrown out because there's not money....

What is sure to be a real hoot will be watching, as the acceleration of civil bankruptcies increases, will be all the labor leaders claiming the sanctity of of a "contract"....After they fought against the same when it came to the contracts to bond holders.

And that ethical fact is EXACTLY why this country is going down the toilet.

Politicians, Labor Unions and the Banking Cabal all share exactly the same Den of Thieves moral values of Ayn Rand's "Objectivism"

 

How come whenever Rand's Objectivism is applied, it's only objectively rational to the one who benefits?

 

Wed, 05/02/2012 - 10:48 | 2391146 blunderdog
blunderdog's picture

So...you're in favor of trashing the contracts?  A "two wrongs make a right" kinda thing?

I dunno, I'd say you just can't expect much good to come out of a state-capital run by the mafia.  I mean, really.

Wed, 05/02/2012 - 10:30 | 2391084 Peter K
Peter K's picture

Good to know that Euroland is saved. Cause if it weren't.... :)

Do NOT follow this link or you will be banned from the site!