• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

China PMI Plunges Most In 28 Months, Reverts To HSBC's Reality

Tyler Durden's picture


Color us not stunned at all. China's Manufacturing PMI finally reverted to the reality that HSBC's Manufacturing PMI has been arguing for and fell for the first time in six months. The drop is the largest since February 2010. While still above 50 (though the lowest level of expansion in five months), or 50.4 technically, down from 53.4, and missing expectations of 52.0, it seems another engine of global growth just sputtered finally - as the real impact of a European depression and fiscally challenged US hit home.

And as a reminder, here is why unless "Europe is fixed" and quite soon, the situation will first get worse before it gets much worse:

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Thu, 05/31/2012 - 21:17 | 2482007 vmromk
vmromk's picture

Nothing that a SCUMBAG with an active printing press couldn't fix.

How's that wealth effect working out for you Bernank ?

Going exactly as planned ?

It's gonna be a hoot to see which medical institution would hire your kid after his father will be the one who brings down the entire financial system, hahaha you fucking DOUCHEBAG Bernanke.


Thu, 05/31/2012 - 21:40 | 2482060 hedgeless_horseman
hedgeless_horseman's picture



See, even the Chinese government economists want QE3!  It is so nice to see the whole world work together on something.  I just wish it wasn't monetary debasement.


ZH office pool...How big will QE3 be?  

Thu, 05/31/2012 - 21:41 | 2482098 vast-dom
vast-dom's picture


Thu, 05/31/2012 - 21:47 | 2482115 hedgeless_horseman
hedgeless_horseman's picture



Vast-dom says QE3 will be as big as his douche.  Anyone want to try and quantify that?

Thu, 05/31/2012 - 22:33 | 2482266 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

China is on QE7, QE8, and QEn already. I am sure it smells like a douche.

Thu, 05/31/2012 - 22:42 | 2482300 casey13
casey13's picture

The whole point of fiat currency is so you can create more easily. Witout that we might as well still be on the gold standard.

They will use it when they get the commodities down a little more so they start moving back up from a lower base.

Thu, 05/31/2012 - 22:41 | 2482294 Dr. Engali
Dr. Engali's picture

To be fair Vast is off his meds. But if I were to try and quantify an amount for a douche I would say 4 trillion. That is one trillion for each of the four major fed douche bag chair people.

Thu, 05/31/2012 - 21:19 | 2482011 Cult_of_Reason
Cult_of_Reason's picture

Who's gonna save the world now?

We're screwed.

New rumor: IMF to bailout China.

Thu, 05/31/2012 - 21:20 | 2482022 fightthepower
fightthepower's picture

Your mom.

Thu, 05/31/2012 - 21:24 | 2482042 Cult_of_Reason
Cult_of_Reason's picture

Mommy has no money to bailout the world.

Thu, 05/31/2012 - 21:34 | 2482071 BandGap
BandGap's picture

But she can make $86 an hour working from her home!


Thu, 05/31/2012 - 22:32 | 2482265 Cult_of_Reason
Cult_of_Reason's picture

New rumor: DeShawn Stevenson to bailout China (he has an ATM machine in his kitchen)

NBA star DeShawn Stevenson installs cash machine in his kitchen


Thu, 05/31/2012 - 23:04 | 2482375 otto skorzeny
otto skorzeny's picture

that's so all his homies can pay for all the white strippers they bring back to his house to bang

Fri, 06/01/2012 - 00:15 | 2482511 Cult_of_Reason
Cult_of_Reason's picture

He also has a pay toilet in his house that goes for $5 a pop.


Fri, 06/01/2012 - 04:15 | 2482755 The Real Fake E...
The Real Fake Economy's picture

a pop or a poop?

Thu, 05/31/2012 - 22:04 | 2482178 Cult_of_Reason
Cult_of_Reason's picture

Every single component, except inventories, is lower m/m.


Thu, 05/31/2012 - 21:17 | 2482016 SilverTree
SilverTree's picture

Contraction bitchez!

Thu, 05/31/2012 - 21:20 | 2482023 junkyardjack
junkyardjack's picture

We're going to need an epidural

Thu, 05/31/2012 - 21:31 | 2482062 SilverTree
SilverTree's picture


Thu, 05/31/2012 - 22:34 | 2482268 Arnold Ziffel
Arnold Ziffel's picture
China - Real Estate Investment Plunged 70% in Q1 2012




BEIJING - Chinese shares tumbled Wednesday after Premier Wen Jiabao said China will not halt its efforts to reign in housing prices.

The current housing prices are still far from falling back to a reasonable level, Wen said at a press conference after the conclusion of China's annual parliamentary session.




Fri, 06/01/2012 - 00:45 | 2482559 robertocarlos
robertocarlos's picture

OMG! Do you think he would be willing to be the PM of Canada?

Thu, 05/31/2012 - 21:17 | 2482017 larry david
larry david's picture

fuck you jamie dimon, fucking punk

Thu, 05/31/2012 - 21:34 | 2482070 LetThemEatRand
LetThemEatRand's picture

And fuck Lloyd Blankfein.  That fucking fuck.

Thu, 05/31/2012 - 21:19 | 2482018 junkyardjack
junkyardjack's picture

Who could have seen this coming. Feels like only this afternoon the S&P ripped up 20 points on the fact that the world was saved, now this just comes out of left field....

Thu, 05/31/2012 - 21:27 | 2482053 flying dutchmen
flying dutchmen's picture

that was just the end of month mark up...


Thu, 05/31/2012 - 22:45 | 2482313 Ropingdown
Ropingdown's picture

So?  A guy's still got to make a living.  Meaning "What if the end doesn't come?"  

Thu, 05/31/2012 - 21:21 | 2482024 adr
adr's picture

Sorry I'm too busy to care about China while looking out for black helicopters after I realized that an e-mail to my Target buyer sent last year about how we had to recall our Japanese product after suppliers issued cancellations stemming from the earthquake and tsunami probably put me on a watch list.


Thu, 05/31/2012 - 21:22 | 2482029 veyron
veyron's picture

Rumor: apple to buy a few European countries, pensions paid in iPads.

Thu, 05/31/2012 - 21:46 | 2482120 LetThemEatRand
LetThemEatRand's picture

Rumor:  someone ate Jobs' face just before the End.  He shall be returning soon.  New OS = Zombie.

Fri, 06/01/2012 - 00:54 | 2482575 adr
adr's picture

actually Apple should have cremated Jobs and sold an ash for $100 a piece to all the Apple faithful so to carry around a part of their lord and savior.

Thu, 05/31/2012 - 21:22 | 2482031 Ineverslice
Ineverslice's picture

Ausie-Ausie-Ausie....Oy vey.  Gulp.

Thu, 05/31/2012 - 21:40 | 2482089 chump666
chump666's picture

Watching the ASX200 bounce of it's "support" and the AUD.  Looks like intervention.

Food gates of hell will be unleashed on the Australian and Canadian markets soon.  They're Keynesian mad government are running hot with the RMBS trade, desperately trying to keep their housing markets bid.


Thu, 05/31/2012 - 22:09 | 2482198 disabledvet
disabledvet's picture


Thu, 05/31/2012 - 22:43 | 2482301 chump666
chump666's picture

looks like the PPT on a HFT smoke out, very obvious.  As for FX Asia is riddled with inflation so they are flipping on the USD strength, looks like CB bids.

All and all, major shorts will pile up on Australia soon.  Their bonds being bid is ludicrous when they have a housing bubble to end all housing bubbles.

Thu, 05/31/2012 - 22:46 | 2482310 chump666
chump666's picture

also the trades will be cut at end session. so any retailers or smart money will be fleeced.

asian sovereigns are buying shares.


Thu, 05/31/2012 - 21:23 | 2482034 IMA5U
IMA5U's picture

Don't worry


QE10 will save us

Thu, 05/31/2012 - 21:24 | 2482038 Conman
Conman's picture

Why are Asian markets dropping on this news? In the good ol' USA we treat bad economic news as bullish for stocks. silly asians.

Thu, 05/31/2012 - 21:36 | 2482078 carefreemanjoe
carefreemanjoe's picture

Because here in the US the so called pundits and cheerleaders will start saying "it is already baked in", "it is already accounted for in the current market"  or something to that effect.

Thu, 05/31/2012 - 21:43 | 2482104 Conman
Conman's picture

Nah, I think it is because the thought of Hello Kitty going bankrupt is very terrifying to them.

Thu, 05/31/2012 - 22:11 | 2482202 disabledvet
disabledvet's picture

how can i imagine something failing when i can't even understand how it works to begin with?

Thu, 05/31/2012 - 23:01 | 2482363 Conman
Conman's picture

Lol i spoke too soon. Asia's turning American-nese. Indicies marching green. HSI and Shanghai green, Incredible!

Thu, 05/31/2012 - 21:26 | 2482052 reader2010
reader2010's picture

Party bosses will roll out internal personal consumption of legal prostitution soon. 

Thu, 05/31/2012 - 22:07 | 2482057 DormRoom
DormRoom's picture

Too much debt diverted to unproductive enterprises throughout the world.  The system needs to be cleansed. But the crony capitalists control the system, and will never allow for the proper correction. 


My generation is f)cked.  The baby boomers get to die off just before the financialpocalyse--which they built-- collapses all societies.

Thu, 05/31/2012 - 21:29 | 2482059 Conman
Conman's picture

In other news Kyle Bass says Yipeee.

Thu, 05/31/2012 - 21:37 | 2482081 otto skorzeny
otto skorzeny's picture

JGBS time? Hugh Hendry has been shorting alot of Jap. companies that do most of their biz w/ Red China-steel maunufacturers I think he said

Thu, 05/31/2012 - 21:33 | 2482069 CreativeDestructor
CreativeDestructor's picture

Mars is the new bail out-or and earth bail out-ee

Thu, 05/31/2012 - 21:35 | 2482075 rfaze
rfaze's picture

I picked the wrong day to quit sniffing glue........

Thu, 05/31/2012 - 21:40 | 2482090 otto skorzeny
otto skorzeny's picture

i love how the blowhards on CNBC say that USA is decoupled from rest of world while not too long ago pontificating on how all world economy is so interconnected

Thu, 05/31/2012 - 21:43 | 2482103 carefreemanjoe
carefreemanjoe's picture

Do you think they really know what is going on around them. They just go with the flavor of the season. When Facebook IPO was cool they were cheering it like FB is this great new Quarterback and now they act as if they always knew the QB was a lemon.

Thu, 05/31/2012 - 21:55 | 2482139 otto skorzeny
otto skorzeny's picture

I watch it more for comedy and to see Santelli froth at the mouth over state and muni debt-oh-and that smokin' hot amanda something

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