ISM
Karim writes: Details mixed…orders and production down; employment and backlogs up… Anecdotals also mixed WHAT RESPONDENTS ARE SAYING … “Depends on division, plant and market
March 1, 2010
Karim writes: Details mixed…orders and production down; employment and backlogs up… Anecdotals also mixed WHAT RESPONDENTS ARE SAYING … “Depends on division, plant and market
[Skip to the end] Karim writes: Shocker is employment component of Chicago PMI ->up from 47.6 to 59.8; was at 38.1 in October. ISM employment
[Skip to the end] We’ll see if the zero rate policy keeps giving that feeling that the economy is dragging an anchor chain, and requires
[Skip to the end] Karim writes: Fairly strong report with orders up sharply and employment going in right direction… Dec Nov Index 55.9 53.6 Prices
[Skip to the end] MBA Mortgage Applications (Released 7:00 EST) MBA Purchasing Applications (Released 7:00 EST) MBA Refinancing Applications (Released 7:00 EST) MBA TABLE 1
[Skip to the end] From Karim: Very weak both in levels and rate of change across most key components. Production, orders, employment and export orders
[Skip to the end] Karim writes:  Core pce up 0.1% m/m and unch at 2.1% y/y (recent high 2.5% in 2/07; recent low 1.9%
(an interoffice email) On Thu, Feb 28, 2008 at 9:38 AM, Karim wrote: Housing and business capex weaker than originally estimated; exports stronger All
Seems the last three spikes down in this series were entirely emotional responses that quickly reversed? ♥
Yes, one more data point indicating we hit the wall right around year end. (ISM, car sales, payrolls, redbook sales) Maybe the stock market scared