Submitted by Tyler Durden on 05/03/2012 - 10:12 China Copper Gross Domestic Product Natural Gas Non-manufacturing ISM
Two days ago, the Manufcaturing ISM soared, trouncing expectations, in a very perplexing print because as the very next day we learned via ADP that manufacturing jobs dropped by 5,000 in April. Today, however, things are back to normal as the indicator that tracks the far greater component of US GDP: the Services ISM, just printed at 53.5, missing expectations of 55.3 wildly, and down from the previous print of 56.0. This was the biggest miss in 12 months, and the lowest print since December; it also printed below the lowest Wall Street forecast. That this should not be surprising to anyone we hope is a given: weak ADP but strong Claims (and now a drop in the employment Index); soaring Manufacturing but plunging Services, China expanding but China contracting, and so on: when we said that "Baffle them with Bullshit" is an official policy we were not joking. Remember: when in doubt ask: what would Schrodinger's cat do?
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http://www.zerohedge.com/news/non-manufacturing-ism-slides-posts-biggest-drop-12-months
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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