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JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China

 
DoorBert

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09/03/2012 09:19 AM

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JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China
With the US closed today, the rest of the world is enjoying a moderate rise in risk for the same old irrational reason we have all grown to loathe in the New Normal: expectations of more easing, or "bad news if great news", this time from China, which over the weekend reported the first official sub-50 PMI print declining from the magical 50.1 to 49.2, as now even the official RAND() Chinese data has joined the HSBC PMI indicator in the contraction space for the first time since November.

Sadly, following today's manufacturing PMI update, we find that the rest of the world is not doing any better, and in fact of the 22 countries we track, 80% are now in contraction territory.

[link to www.zerohedge.com]

Last Edited by DoorBert on 09/03/2012 10:22 AM
samanthasunflower

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09/03/2012 09:44 AM

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Re: JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China
bump
DoorBert (OP)

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09/03/2012 10:10 AM

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Re: JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China
Euro area manufacturing PMIs figures point to continued contraction, only at a slower pace.

The overall eurozone manufacturing PMI increased from 44.0 in July to 45.1, but lower than the flash estimate of 45.3. Although it improved slightly, PMI remains way below 50, pointing to continued contraction of euro area manufacturing.

[link to www.alsosprachanalyst.com]
Anonymous Coward
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09/03/2012 10:10 AM
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Re: JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China
With the US closed today, the rest of the world is enjoying a moderate rise in risk for the same old irrational reason we have all grown to loathe in the New Normal: expectations of more easing, or "bad news if great news", this time from China, which over the weekend reported the first official sub-50 PMI print declining from the magical 50.1 to 49.2, as now even the official RAND() Chinese data has joined the HSBC PMI indicator in the contraction space for the first time since November.

Sadly, following today's manufacturing PMI update, we find that the rest of the world is not doing any better, and in fact of the 22 countries we track, 80% are now in contraction territory.

[link to www.zerohedge.com]
 Quoting: DoorBert


Can you imagine what the "real" number is ??
DoorBert (OP)

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09/03/2012 10:20 AM

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Re: JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China
China Aug final PMI Manufacturing confirms contraction.

Asian equity shares higher easing hopes - Australia Retail Sales register their largest decline in two years with its first negative reading of 2012; Aussy Dollar hits 6-week lows - Most major European PMI Manufacturing PMI come in lower than expectations; UK was the exception and exceeded expectations.


[link to www.fxstreet.com]
DoorBert (OP)

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09/03/2012 10:22 AM

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Re: JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China
Asian stock markets rose Monday after a contraction in China's manufacturing boosted expectations of more stimulus to boost the world's second-biggest economy.

An industry group said on the weekend that China's purchasing managers' index, which reflects manufacturing activity, fell to 49.2 in August from July's 50.1 on a 100-point scale. Numbers below 50 show a contraction.

It was the group's weakest reading to date.

That fueled doubts about whether China has started to recover from its deepest economic downturn since the 2008 global financial crisis.

China's economic growth fell to a three-year low of 7.6 percent in the second quarter. Corporate profits and other indicators have fallen despite government stimulus measures.

“The numbers were really bad, and many people believe that the government will have to do something to increase liquidity,” said Francis Lun, managing director of Lyncean Holdings in Hong Kong.

[link to www.iol.co.za]
Anonymous Coward
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09/03/2012 10:44 AM
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Re: JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China
Global production is in 80% contraction mode, just like a vagina sliding onto a penis, so expect expansion and liquid assets to trickle down the shaft of corporate america

stock markets have reached an orgasmic climax, without any stimulus to the clitoris of the global market, America. Of course, Bernanke is suggesting a hot beef injection of monetary stimulus for multiple orgasms.

More on the sexual economy after this break.
Anonymous Coward
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09/03/2012 10:48 AM
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Re: JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China
Good.....
Therion156
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09/03/2012 10:54 AM
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Re: JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China
This proves the BDI naysayers are wrong, wrong & wrong again. The BDI contraction has been issuing this warning for months now! In fact the global economy entered recession over 8 weeks ago..... It just takes time for the realization to enter consciousness....
Anonymous Coward
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09/03/2012 12:58 PM
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Re: JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China
THIS is going to be B-A-D for whoever is the next US President.

It is unlikely that Geitner can single handedly keep the US from slipping back into Recession IF the rest of the world is going into a deep slowdown.

Europe is almost guaranteed to slip into a NEW Recession ... shoot Greece and Spain are for all intents and purposes already in a Depression.

If China goes too ... something that they will fight tooth and nail with massive liquidity injections (ie: classical Keynesian Stimulous), or even into a slower growth mode, then it will be tough for the US to avoid sliding backwards along with Europe.

LOOK OUT BELOW!!


------------------
fwiw
If one adjusts US Housing prices for the lowered interest rates now available, which lowers monthly payments even more, housing compared to '05-'06 at the top of the bubble has actually dropped by about 1/2 (versus the reported 30%) (based on a "monthly payment" valuation analysis).
DoorBert (OP)

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09/03/2012 01:33 PM

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Re: JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China
Global production is in 80% contraction mode, just like a vagina sliding onto a penis, so expect expansion and liquid assets to trickle down the shaft of corporate america

stock markets have reached an orgasmic climax, without any stimulus to the clitoris of the global market, America. Of course, Bernanke is suggesting a hot beef injection of monetary stimulus for multiple orgasms.

More on the sexual economy after this break.
 Quoting: Anonymous Coward 22876874


Having problems getting laid?
DoorBert (OP)

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09/03/2012 01:34 PM

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Re: JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China
“Labor Day has been cancelled due to lack of jobs. Monday is now Empty Chair Day. Put an empty chair in your front yard.

[link to api.ning.com]
Anonymous Coward
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09/03/2012 01:40 PM
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Re: JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China
its because people are realizing that we dont need the material things the manufactures are peddling
Anonymous Coward
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09/03/2012 08:20 PM
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Re: JUST-IN: Global Manufacturing Update Indicates 80% Of The World Is Now In Contraction including China
Article from yesterday - but still topical...

China’s bad data boost stocks ... again - MarketWatch

Article on how Asian stocks rose despite China's negative manufacturing numbers...

Interesting snippet- China's bad loan portfolio is growing.... (Chinese banking crisis looming?)

[link to www.marketwatch.com]

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