ihedgemyhedges
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MAN OVERBOARD!!!!!!
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Mon, 07/02/2012 - 10:11 | 2580492 ihedgemyhedges
ihedgemyhedges's picture
And exports dive while imports stay level. Jan Hatzius cranking on his 10 key right now figuring his new GDP forecast......
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Mon, 07/02/2012 - 10:13 | 2580496 sunaJ
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ROFL they are so muscle-bound, they are paralyzed. Eventually the legs will give out.
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Mon, 07/02/2012 - 10:12 | 2580478 bdc63
bdc63's picture
we hope you enjoyed last week's window-dressing special ... and now, back to your regularly scheduled program ...
Submitted by Tyler Durden on 07/02/2012 10:06 -0400
China
Recoupling
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/news/houston-we-have-contraction?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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