Invading America!

[ignerntbend]

I'm not familiar with SurveyMonkey, Rick. I'll have to do a little research on SurveyMonkey and get back to you.

 

[RickN]

I'm not familiar with SurveyMonkey, Rick. I'll have to do a little research on SurveyMonkey and get back to you.

What the heck are you talking about this time?

So much for the 3rd Recovery (or is that 4th?) in the current depression: following the Chicago PMI which posted a solid beat on horrendous internals, today's Manufacturing ISM came in just as expected, at least by those skeptical of all the sugar high economic data the US population was spoon fed in the past few weeks. At 49.5, the headline PMI print was the lowest since July 2009, the biggest miss to expectations of 51.4 in 5 months, and down from 51.7. Also, as most know, as sub-50 print indicates a contraction in the manufacturing space, usually a precursor to overall recession. Particular data points of note: Employment down from 52.1 to 48.4; New Orders slide from 54.2 to 50.3, and in the worst news for GDP Exports declined, Imports rose and Inventories plunged - which was to be expected after a huge inventory build up in Q3 pushed GDP much higher in the period. Expect even more downward GDP recessions on today's ugly data. Finally, while the bulls would love to blame the collapse on Sandy, it was not mentioned anywhere in the release and the ISM's Holcome said just one respondent even mentioned Sandy in the release, which means the manufacturing reality will only get worse as the full impact of Sandy is internalized.

 

[ignerntbend]

Look at the graph in you're first link. The low point is during GWB's presidency. The low point by far. Is that the sort of thing you want to be putting out there?

 

[RickN]

Nice try at spin but those graphs only go back to 2005 and 2 out of 3 show the low point just as DOHbama took office. Seriously what has that got to do with a declining outlook now?

 

[ignerntbend]

Nice try at spin but those graphs only go back to 2005 and 2 out of 3 show the low point just as DOHbama took office. Seriously what has that got to do with a declining outlook now?

Yeah they go back to 2005, BUT... But... But the low point (the low point BY FAR) is during dubya's presidency. You posted the link, I didn't. Maybe you don't trust your own source?

 

[Parks 788]

Look at the graph in you're first link. The low point is during GWB's presidency. The low point by far. Is that the sort of thing you want to be putting out there?

May be the case but the graph also shows a sever trend in the wrong direction since Q1 of 2011 to the present. Is that something your proud of Bammy for?

 

[ignerntbend]

Pride goeth before a fall. I'm not proud of anything.

 

[RickN]

Yeah they go back to 2005, BUT... But... But the low point (the low point BY FAR) is during dubya's presidency. You posted the link, I didn't. Maybe you don't trust your own source?

Again, what does that have to do with today outside of trying to direct things away from Obama? We know it was down during Bush's term. We also know the economy crashed back then. Your point would be?

 

[ignerntbend]

Again, what does that have to do with today outside of trying to direct things away from Obama? We know it was down during Bush's term. We also know the economy crashed back then. Your point would be?

Sorry, I got the impression you had forgotten about that. My point would be that the House Republicans will vote Present for tax increases on the top two brackets, and then cynically pray for a worsening economy.

You and I are partisan assholes, Rick. Not everybody is, thank god.

 

[RickN]

Sorry, I got the impression you had forgotten about that. My point would be that the House Republicans will vote Present for tax increases on the top two brackets, and then cynically pray for a worsening economy.

You and I are partisan assholes, Rick. Not everybody is, thank god.

Yea but at least I am good looking.

Seriously the House Republicans have offered a way to increase revenue as part of a plan. If the Dems agree instead of just whining that the GOP will not do exactly what the Dems want, the House Republicans will probably vote for it. I think that they should not but they probably will.