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Jump / Trump --- van Halen jump "The Democrat Meltdown Continues" 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: 9337 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 Begin Trace Mode for Comment # 5. #1. To: war (#0) I always wish ImStillWrong was around to tell us what the number really means. Fred Mertz  posted on  2010-09-01   10:14:02 ET  Reply   Untrace   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   Untrace   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 Fred Mertz  posted on  2010-09-01   10:25:13 ET  Reply   Untrace   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   Untrace   Trace   Private Reply   Replies to Comment # 5. #7. To: war (#5) He disappeared after that discussion. I hope he's doing okay. Fred Mertz  posted on  2010-09-01 10:55:44 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 5. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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