A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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CNBC.comUS Service Sector Growth Slows More Than ForecastCNBC.comUS service companies, which employ roughly 90 percent of the work force, expanded more slowly in April. Companies saw less growth in new orders and hired at a weaker pace. The ISM's s...
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BloombergUS service companies expanded at a slower pace in April as new orders ...Washington PostWASHINGTON — US service companies, which employ roughly 90 percent of the work force, expanded more slowly in April. Companies saw less growth in new ord...
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News Release- Produced by JPMorgan and Markit in association with ISM and IFPSM At 51.4 in April, up from 51.1 in March, the JPMorgan Global Manufacturing PMI™ signaled a modest expansion of the world manufacturing sector for the fifth month in a row. Output, new orders and employment all continued to rise during the latest...
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US manufacturing powers up in April (via AFP) US manufacturing activity jumped in April in broad-based growth, according to a closely watched index released Tuesday. The Institute for Supply Management’s manufacturing index was at 54.8 percent in April, from a 53.4 percent reading in March. The sharp gain in the ISM purchasing managers index...
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The big economic news story on Monday was the ISM Purchasing Managers Index. The headline number was only mildly positive, but it was enough so that Bloomberg was beside itself with joy. “Manufacturing in the U.S. expanded at a faster pace in March, driven by gains in employment and production that signal the world’s...
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As things get worse for the European banks ahead of the Sept. 7 German constiitutional court ruling on the EFSF http://www.zerohedge.com/news/more-bad-news-euro-banks-socgen-intesa-and-unicredit-
kicked-out-stoxx-50-index?utm_source=feedburner&utm_medi...
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On Aug. 11, 2010, the Dow Jones Industrial Average plunged 265 points, or 2.5%.
This Tuesday - almost exactly one year later - the Dow dropped ... 265 points.
Those carbon-copy stock-market sell-offs weren't a coincidence. - as yesterday's (Thursday's) 512-point drop and further weakness will prove.
Although the...
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U.S. stocks ripped higher every day of the past week following positive news on U.S. manufacturing, Greek sovereign debt and an absolutely epic amount of short-covering.
The past week's rally has shown at least that the spirit of the bull market still lives. It rarely pays to...
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The ISM Non-Manufacturing index rose to 57.1 in December. This chart shows the ISM Non-Manufacturing index overlaid with the S&P 500. It shows that the stock market does not lead the economy. The idea of the market as a discounting mechanism is a Wall Street shibboleth. In fact, there are instances where economic data...
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The Federal Reserve will buy $600 billion of Treasuries over the next 8 months. It will relax its 35% self-imposed limited per security. This is in addition to the $35 billion per month anticipated from mortgage securities maturing. In effect, the Fed is going to monetize the entire Treasury issue going forward. James Cramer...
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The Fed’s ludicrous attempts to thwart a deflating credit bubble with easy money has only lit a fuse under food and prices paid for goods producers. Talking the QE2 game and intervention into the market is showing up in M2, and as I anticipated has translated into inflating the essentials that people need and input goods...
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I just love correlation charts. Unlike the useless, biased spin fed to us from Wall Street’s market strategoists and egonomists, the charts are just the facts, M’am, just the facts, and you can see them for yourselves. I ran these ISM charts back to 1948 when the ISM, formerly the NAPalM, began this survey....
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The FIM (Financial Infomercial Media) has gifted us with more nonsense today in the form of Pending Homes Sales data from the NAR (Realtors) and the Purchasing Managers Manufacturing Index from the ISM (Purchasing Managers). Bloomberg was positively ecstatic about the housing data, proclaiming “The number of contracts to buy previously owned homes rose...
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