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OK,,,,,,,,,,,,,,,,LOL,,,,,,,,,,,,,Chicago PMI Soars To 64, Beats Estimate Of 61, Employment Index Highest Since 1984

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 29 Feb 12 6:59 PM | 31 view(s)
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Submitted by Tyler Durden on 02/29/2012 09:56 -0500

Apple
Chicago PMI
China
Consumer Confidence
Liquidity Bubble
Unemployment

Earlier today, when forecasting the Chicago PMI, we warned to "expect another massive beat courtesy of consumers confident that they can have Apple apps, if not so much food, since they still don't pay their mortgages." Sure enough, the economic data is now straight out of China, with the Chicago PMI not only trouncing expectations, printing at 64, on consensus of 61 (the highest since last April when the peak of the liquidity bubble popped and the stock market rolled over), but, wait for it, the Employment index came at 64.2, up from 54.7, which was the highest employment print since April 1984! At this point it is no longer worth commenting on economic data, as between this, the NAR, the consumer confidence, it was all become farce of a blur. we now expect February unemployment to print negative as the labor participation rate slides to 50%, and seasonal adjustments and birth/date fixtures account for 5 million "additions" to jobs. One thing that is sure. There will be no more easing for a looooooooong time. Kiss any hope of more trillions in central bank liquidity goodbye.

PMI employment index: hilarious.

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And the always entertaining survey responses:

We are hoping that the slow down in new orders

http://www.zerohedge.com/news/chicago-pmi-soars-64-beats-estimate-61-employment-index-highest-1984?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




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