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Houthi rebels' attack severely damages a Belize-flagged ship in key strait leading to the Red Sea (British Ship) Status: Not Logged In; Sign In Economy See other Economy Articles Title: SM Index of Manufacturing in U.S. Increased to 56.3 in August [GOP Puts Election Prospect Flags At Half Staff] Source: BBG URL Source: http://www.bloomberg.com Published: Sep 1, 2010 Author: Courtney Schlisserman Post Date: 2010-09-01 10:11:23 by war Keywords: None Views: 8831 Comments: 13 Sept. 1 (Bloomberg) -- The Institute for Supply Management’s gauge of manufacturing unexpectedly rose to 56.3 in August from 55.5 a month earlier, the Tempe, Arizona-based group said today. Readings greater than 50 signal growth. Economists forecast the ISM factory index would decline to 52.8, according to the median of 78 projections in a Bloomberg News survey. Estimates ranged from 49.9 to 56. Separate figures today showed manufacturing in other parts of the world was mixed in August. China’s purchasing managers’ index rose to 51.7 last month from 51.2, a government-backed report showed. A measure released by HSBC Holdings Plc and Markit Economics also increased. Growth at Europe’s factories cooled and export demand dropped to the lowest in seven months. A gauge of manufacturing in the 16-nation euro region declined to 55.1 from 56.7 the previous month, London-based Markit Economics said. Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest #1. To: war (#0) I always wish ImStillWrong was around to tell us what the number really means. "Lets [sic] rent a room." ~ Tull to Rotara Fred Mertz  posted on  2010-09-01   10:14:02 ET  Reply   Trace   Private Reply   #2. To: Fred Mertz (#1) Well...he finally got his "boucning along the bottom" on housing... 3 and a half years too late... war  posted on  2010-09-01   10:20:04 ET  Reply   Trace   Private Reply   #3. To: war, IMstillRight (#2) I just took a stroll down memory lane....you guys always went at it. http://www.libertypost.org/cgi-b...tNum=227045&Disp=123#C123 "Lets [sic] rent a room." ~ Tull to Rotara Fred Mertz  posted on  2010-09-01   10:25:13 ET  Reply   Trace   Private Reply   #4. To: Fred Mertz (#3) Wow...I absolutely CRUSHED him on that thread right down to correctly predicting that exports would keep manufacturing propped up. #44 was the "money shot" as they say... war  posted on  2010-09-01   10:43:08 ET  Reply   Trace   Private Reply   #5. To: Fred Mertz (#3) (Edited) It's a valid question. It certainly impacted the markets... but no, I consider the disruption to be it's own creature. Subprime was/is simply too small a segment to have much of an impact. If they all went bad (and it's nothing close to that), maybe. But they haven't and won't. IMstillRight posted on 2008-06-02 17:20:56 ET Reply Trace That was an interesting statement by him as he was a banker. There is a thread out there somewhere in which he and I discussed sub-prime - might have been Fall of 2007 and he made the same point. I had told him that for X sub-prime mortgages written by banks that there was X to the 100th power issued by private sources. IIRC, he claimed that those mortgages were better financed than the ones that banks had issued because they were WHOLLY absorbed intot he financial system. I'll give OOg one thing, he was right about the latter...but SO WRONG about it being a good thing. war  posted on  2010-09-01   10:51:41 ET  Reply   Trace   Private Reply   #6. To: war (#4) (Edited) I see that I stirred the pot on that thread. Surprise, surprise... "Lets [sic] rent a room." ~ Tull to Rotara Fred Mertz  posted on  2010-09-01   10:53:17 ET  Reply   Trace   Private Reply   #7. To: war (#5) He disappeared after that discussion. I hope he's doing okay. "Lets [sic] rent a room." ~ Tull to Rotara Fred Mertz  posted on  2010-09-01   10:55:44 ET  Reply   Trace   Private Reply   #8. To: Fred Mertz (#7) Me too but if he worked at the bank I think he did, he was probably made gone around then. war  posted on  2010-09-01   11:03:05 ET  Reply   Trace   Private Reply   #9. To: war (#0) So this, not the 10% decline in construction spending yoy, will break the Republican November tidal-wave??? Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554 Nebuchadnezzar  posted on  2010-09-01   11:05:35 ET  Reply   Trace   Private Reply   #10. To: Nebuchadnezzar (#9) (Edited) I believe that you are mistaking the raging debate within the GOP as a proxy for some sort of catharsis in the electorate this November. I am loathe to predict the outcome of November elections in September. September only gets you to the red zone. The scoring is done in October. 2008 was an out year. There was no doubt that the GOP was going to get bounced and bounced good. Personally, as fickle as the American electorate has shown itself to be, I have a very difficult time believing that the pendulum is going to swing back well past the middle ground in 2 years. Especially since the Tea Party [sic] is not only trying to get everyone on the one way train to Kookville but alientating half of the GOP as it does so. I could be wrong. Ask me again in three or four weeks. war  posted on  2010-09-01   11:19:42 ET  Reply   Trace   Private Reply   #11. To: war (#10) I believe that you are mistaking the raging debate within the GOP as a proxy for some sort of catharsis in the electorate this November. I am loathe to predict the outcome of November elections in September. September only gets you to the red zone. The scoring is done in October. That isn't my point. My point is that you're crowing about a number (ISM) and ignoring something that is far more important to the UE number. Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554 Nebuchadnezzar  posted on  2010-09-01   13:14:31 ET  Reply   Trace   Private Reply   #12. To: Nebuchadnezzar (#11) (Edited) My point is that you're crowing about a number (ISM) and ignoring something that is far more important to the UE number. There is a much stronger correlation between ISM employment and NFP than ADP and NFP. war  posted on  2010-09-01   13:20:21 ET  Reply   Trace   Private Reply   #13. To: war (#10) I am loathe to predict the outcome of November elections in September. September only gets you to the red zone. The scoring is done in October. I'm not loath to: Republicans take the House. I wish I wasn't true, but I fear that will happen. Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554 Nebuchadnezzar  posted on  2010-09-05   22:13:18 ET  Reply   Trace   Private Reply   Top • Page Up • Full Thread • Page Down • Bottom/Latest

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