Submitted by Tyler Durden on 12/05/2011 10:11 -0500
Gross Domestic Product
Expectations for ISM Services (services as in the sector that accounts for 70% of US GDP) were for expansion to keep the decoupling dream alive. Unfortunately, those dreams are dashed for now as the data prints its worst level in 23 months. The biggest driver of this drop was the employment sub-index which cliff-dived from 53.3 to 48.9 (a contracting print). The composite manufacturing and services PMI also dropped notably.
MFL8240
MFL8240's picture
Yet we are to believe unemployment is at 8.6? Where the hell does this lie end?
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Mon, 12/05/2011 - 10:14 | 1946541 WonderDawg
WonderDawg's picture
It ends when enough people stop believing it.
more,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
http://www.zerohedge.com/news/ism-services-misses-worst-jan-2010?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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