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PMI Difference
This is fast becoming the “12% recession”, as economists and media commentary rushes to quell any notion of systemic economic retrenchment. If it isn’t “the dollar” or “overseas demand”, then surely...
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Ending Recovery
On November 9, the OECD issued its twice-yearly Economic Outlook statbook, updated for projections into Q3 for most national economic accounts. Despite past enthusiasm for global prospects in 2015, the...
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The Economy Would Be In Recession If It Weren’t So Robust
In the manufacturing sector we find the most supreme test of economic credentials. Despite what is clearly taking place, the mainstream, orthodox outlook and assessment continues to dominate. There...
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PMI Convergence
The Chinese Manufacturing PMI spent most of the past four and a half years straddling just the good side of 50. In fact, it hasn’t been above 52 since early 2012 – a quite remarkable feat of low...
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ISM, Too
Everything I wrote in my last post on China’s PMI’s could be rewritten and reworded for the ISM version of American industry. The index rebounded to above 50 in March for the first time since last...
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The Weakness Is Really Different Now
If there is any wonder why PMI’s deserve scorn, this morning’s twin bill delivered solid reasoning. Both the ISM Manufacturing Index and the Markit Manufacturing PMI declined, and both remained above...
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Mainstream Expects All At Once; In the Slowdown There Are Only Bits And...
As with China’s manufacturing, so goes global manufacturing. Rather than rebounding out of 2016’s dismal start, the failure to follow through in April and now May simply proves yet again that nothing...
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Between Hope And Growth Is Where It All Is
After two months of “unexpected” weakness, the ISM Manufacturing Index rebounded in November. With both September and October below 52, after August’s reading was less than 50, the increase to 53.2 is...
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Back to 2013 US Version (Con’t)
Like China, manufacturers in the US report feeling better about manufacturing. Also like China, this is nothing new. The ISM Manufacturing PMI was estimated to have increased to 54.7 in December, up...
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Some Global Odd & Ends
When it comes to central bank experimentation, Japan is always at the forefront. If something new is being done, Bank of Japan is where it happens. In May for the first time in human history, that...
View ArticleClik here to view.
The Economy Would Be In Recession If It Weren’t So Robust
In the manufacturing sector we find the most supreme test of economic credentials. Despite what is clearly taking place, the mainstream, orthodox outlook and assessment continues to dominate. There...
View ArticleClik here to view.
PMI Convergence
The Chinese Manufacturing PMI spent most of the past four and a half years straddling just the good side of 50. In fact, it hasn’t been above 52 since early 2012 – a quite remarkable feat of low...
View ArticleClik here to view.
ISM, Too
Everything I wrote in my last post on China’s PMI’s could be rewritten and reworded for the ISM version of American industry. The index rebounded to above 50 in March for the first time since last...
View ArticleClik here to view.
The Weakness Is Really Different Now
If there is any wonder why PMI’s deserve scorn, this morning’s twin bill delivered solid reasoning. Both the ISM Manufacturing Index and the Markit Manufacturing PMI declined, and both remained above...
View ArticleClik here to view.
Mainstream Expects All At Once; In the Slowdown There Are Only Bits And...
As with China’s manufacturing, so goes global manufacturing. Rather than rebounding out of 2016’s dismal start, the failure to follow through in April and now May simply proves yet again that nothing...
View ArticleClik here to view.
Between Hope And Growth Is Where It All Is
After two months of “unexpected” weakness, the ISM Manufacturing Index rebounded in November. With both September and October below 52, after August’s reading was less than 50, the increase to 53.2 is...
View ArticleClik here to view.
Back to 2013 US Version (Con’t)
Like China, manufacturers in the US report feeling better about manufacturing. Also like China, this is nothing new. The ISM Manufacturing PMI was estimated to have increased to 54.7 in December, up...
View ArticleClik here to view.
Some Global Odd & Ends
When it comes to central bank experimentation, Japan is always at the forefront. If something new is being done, Bank of Japan is where it happens. In May for the first time in human history, that...
View ArticleClik here to view.
The Rate Cut Boom
All Presidents love to talk stocks when the stock market is making record highs. It is the one asset class the public knows about. Even the iconic 1980’s movie Wall Street made it seem just that...
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ISM At A Job Cutting 56.0
Though there’s not much to add, it’s worth bringing this up again. In the era of gigantic positives, why aren’t sentiment surveys so much more positive than they are? It’s because these PMI numbers...
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