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Business
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Title: *U.S. FEBRUARY ISM NON-MANUFACTURING INDEX RISES TO 53.0
Source: BBG
URL Source: http://www.bloomberg.com
Published: Mar 3, 2010
Author: Bob Willis
Post Date: 2010-03-03 10:03:36 by war
Keywords: None
Views: 989
Comments: 7

March 3 (Bloomberg) -- The Institute for Supply Management’s index of non-manufacturing businesses, which make up almost 90 percent of the economy, rose to 53 in February from 50.5 the prior month. A reading higher than 50 signals growth.

The figure compared with economists’ median forecast for an increase to 51, according to 73 projections in a Bloomberg News survey. Forecasts ranged from 48.5 to 52.9.

~~~~

*U.S. FEBRUARY ISM NON-FACTORY EMPLOYMENT INDEX 48.6 AFTER 44.6

Employment component of the index is comfortably above recession level [45] but still below 50...so...it shows an employment recovery but not an expasion....

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#1. To: war (#0)

Again, this minor increase in NMB is to be expected with the level of government spending.

The question is, is it right to foist this insane debt onto future generations and burden them with enormous taxes to by a little bit of economic growth?

Of course it isn't.

Goldi-Lox: You're one dumb-fucking bitch.

Nebuchadnezzar  posted on  2010-03-03   13:46:40 ET  Reply   Trace   Private Reply  


#2. To: Nebuchadnezzar (#1)

Again, this minor increase in NMB

3pt pop in a diffusion index is huge...

Day 10 of Packrat refusing to register here. Day 8 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...

war  posted on  2010-03-03   13:51:26 ET  Reply   Trace   Private Reply  


#3. To: war, Brian S, Go65, Badeye, skip into, 20 unemployment (#2)

3pt pop in a diffusion index is huge...

So does this mean all those people who've lost their jobs can relax? They're going to find jobs now because of this "3 pt. pop'????

This number, and all the bullshit numbers you guys post about how great the economy is MEANS NOT A DAMN THING AS THE ECONOMY CONTINUES TO HEMORAGE JOBS.

I saw how good whirlpools CEO has gotten a nice fat pay hike:

Posted: March 2, 2010 Business news briefs: Whirlpool CEO's pay surges

CONSUMER PRODUCTS

Benton Harbor-based Whirlpool CEO Jeff M. Fettig's compensation soared more than 75% last year to $10.8 million as the appliance maker began to see shoppers making bigger purchases again, according to an Associated Press analysis of regulatory filings.

Fettig, 53, received the pay hike largely in the form of a performance-based cash bonus worth $5.9 million, far higher than the $420,000 he got in the prior year, in which his total compensation was $6.1 million.

According to a filing Monday with the Securities and Exchange Commission, Fettig received a base salary of nearly $1.3 million in 2009, up 1% from his base salary the previous year.

His overall compensation in the fiscal year ended Dec. 31 also increased because of more stock options and restricted stock. They were worth $5.9 million when granted, up from nearly $4.3 million in fiscal 2008.

Fettig's compensation also included $126,911 in perquisites, or perks, including $37,192 for personal use of the company's plane, and $56,163 in defined plan contributions. He received $33,556 in other perks, which includes discounts on Whirlpool products, financial planning services and other benefits.

No mention of all the US employees who lost their jobs to Mexico so this fat fuck can scam Whirlpool for millions more.

Don't you get it? Don't you see the disconnect???? Or is all you and Brian and Go65 care about is your precious black messiah???

The American populace is being fleeced and all you care about is keeping that rat-bastards drug-addled brain looking good.

Goldi-Lox: You're one dumb-fucking bitch.

Nebuchadnezzar  posted on  2010-03-03   17:35:25 ET  Reply   Trace   Private Reply  


#4. To: Nebuchadnezzar (#3)

So does this mean all those people who've lost their jobs can relax? They're going to find jobs now because of this "3 pt. pop'????

For the umpteenth gazillionth time...employment is a lagging indicator..

Day 10 of Packrat refusing to register here. Day 8 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...

war  posted on  2010-03-03   18:11:48 ET  Reply   Trace   Private Reply  


#5. To: war (#4)

For the umpteenth gazillionth time...employment is a lagging indicator..

Yeah, I've heard that "line" a lot.

Never mind the record Bankruptcies, increasing mortgage defaults, CRE exploding before our very eyes.

No, let's focus on what a great job Obama is doing by bankrupting future generations with this ungodly spedning.

And then when a new slew of "jobs" are created with Census work, you lefties will crow how great things are, never mind these jobs are part-time and you can't support a family or pay for an apartment with them in the average city.

Let's keep posting stories about Whirlpool's CEO doing great because his company has higher profits (at the expense of American workers).

I see you still don't get it.

Goldi-Lox: You're one dumb-fucking bitch.

Nebuchadnezzar  posted on  2010-03-03   18:39:53 ET  Reply   Trace   Private Reply  


#6. To: Nebuchadnezzar (#5)

Yeah, I've heard that "line" a lot.

If you were alive in 82 and 84 you most certainly heard it.

But please feel free to wax eloquently about YOUR economic theory which avers that workers are hired en masse at the onset of any economic recovery.

Thanks...

Day 10 of Packrat refusing to register here. Day 8 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...

war  posted on  2010-03-03   19:40:23 ET  Reply   Trace   Private Reply  


#7. To: Nebuchadnezzar (#5)

Yeah, gonna lag through 2012, which means a failed one term Presidency.

my anti groupie can't get through life without me.

Badeye  posted on  2010-03-04   10:14:09 ET  Reply   Trace   Private Reply  


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