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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Fury on July 02, 2012, 06:55:56 PM
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Houston, We Have Contraction
And so we have recoupling, with the ISM printing below 50 (i.e. contraction) at 49.7 for the first time since July 2009. Expectations of a 52.5 print were obviously blown away, as the final number came well below the lowest Wall Street forecast of 50.5. Prices plunge to 37 on expectation of 57 and there go your corporate margins; Employment down from 56.9 to 56.6, and New Orders implode from 60.1 to 47.8. Epic disaster which proves that no, decoupling, does not exist and now puts the Fed back in play, which however, with the S&P just shy of 2012 highs, can do didley squat.
PMI drops to a contractionary state for the first time since July 2009 with its biggest miss since July 2011.
(http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/06/20120702_PMI_0.png)
and the Prices Paid sub-index tumbled to April 2009 levels...
(http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/06/20120702_PMI_Prices%20Paid_0.png)
Summary:
(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/06/June%20ISM_0.jpg)
http://www.zerohedge.com/news/houston-we-have-contraction
Haha, and people like 180 and the Usurper claim things are fine. ::)
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Private sector doing fine.
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Private sector doing fine.
Haha, can the Obama drones on this board even read those graphs?
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Haha, can the Obama drones on this board even read those graphs?
do you really think people like 180, straw, blackass, Benny, et al want to really discuss this?
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I will:)
Its supply and demand people only retards like yourself thinks this is caused by Obama in office.