Posted on 07/01/2012 3:33:38 PM PDT by blam
Here Comes A Critical 12 Hours For The Global Economy
Joe Weisenthal
Jul. 1, 2012, 9:17 AM
HEADS UP: Global PMI day is going to begin tonight.
PMI day is the day (always at the beginning of the month) when PMI manufacturing reports come out for all the world's big economies, from China to Europe to Brazil.
And we cover each reading as they come out so get an instant look at the economic health of the globe.
The reports start tonight with the Netherlands and South Korea at 8 PM ET, and then the biggie, China, at 9 PM. (Note that China's official PMI came out last night, and hit its lowest level in 7 months. What comes out tonight is the HSBC version.)
They go through the night with Europe and then the US on Monday morning.
Last month's PMI day confirmed that basically the entire world is slowing. This next round of data will be critical to indicate whether things have deteriorated or stabilized.
Our Sam Ro will be covering them here and on Twitter (follow him at @BySamRo) for live analysis.
----
8:00 p.m. PMI: Netherlands and South Korea
9:00 p.m. PMI: China (Official)
10:00 p.m. PMI: Taiwan, and Vietnam
10:30 p.m. PMI: China (HSBC)
11:00 p.m. PMI: Indonesia
1:00 a.m. PMI: India, Russia
2:00 a.m. PMI: Ireland
2:30 a.m. PMI: Sweden (Exp. 48.5)
3:00 a.m. PMI: Turkey, Norway (Exp. 54.6), Poland (Exp. 48.6)
3:00 a.m.: Turkey Q1 GDP (Exp. +3.0% yoy)
3:15 a.m. PMI: Spain (Exp. 41.3)
3:30 a.m. PMI: Czech Republic and Switzerland (Exp. 45.0)
3:45 a.m. PMI: Italy (Exp. 44.6)
3:50 a.m. PMI: France (Exp. 45.3)
3:55 a.m. PMI: Germany (Exp. 44.7)
(snip)
(Excerpt) Read more at businessinsider.com ...
So I am guessing all that fake good news coming out of Europe on Friday that caused the market to rise like crazy was the Pump
And now comes the dump
Anyone still investing in this market deserves to lose
You might wish it works that way, but it doesn't.
ping for later
I have been doing a lot better in the stock market than in fixed income. OTOH I am willing to spend some money on both Value Line and Investor's Business Daily...
Anyone investing in this market that doesn't understand this market deserves to lose.
There is money to be made in ANY market. If you can't figure it out, put it in the mattress and let me know how that works out for you.
Just inflate the numbers, and pretend everything is great. Get it on the media to dupe the masses, and markets will rise. What’s the problem?
“I lived in the times of the Obama depression...” was not one of the stories I wanted to relay to my possible future grandchildren. Provided mandatory abortion for population control or pay a $1,000,000 tax/fine isn’t a law by then.
Your insights intrigue me, How may I subscribe to your news letter? /s
thanks, bfl.
The day of Robert's announcement sank the market, but it rebounded the next day, indicating to ME, that someone with a lot of money and clout was able to keep the world from seeing how dangerous zero and his ilk is to the US and the planet.
Check back in the morning bump.
A reading below 50 signals contraction in the industry.
The Baraqqi Depression grinds on.
It appears the next significant leg down is on the horizon, approaching rapidly.
China: Official PMI — 50.2, down from 50.4 in May
Read more: http://www.businessinsider.com/june-global-pmi-2012-7#ixzz1zQJC8dKs
(believe it or not)
I wonder to what degree the Chinese PMI has been pumped up by building lousy bridges and ghost cities.
Taiwan: HSBC Taiwan Manufacturing PMI — 49.2, down from 50.5 in May
Vietnam: HSBC Vietnam PMI — 46.6, down from 48.3 in May
Read more: http://www.businessinsider.com/june-global-pmi-2012-7#ixzz1zQd5HIcp
China’s goods producers reported an eighth successive month-on-month deterioration in operating conditions during June, as output, incoming new orders and employment continued to decrease.
http://www.markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=9721
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