This article was originally published by Tyler Durden at ZeroHedge.
After a mixed bag of PMI data from Europe (UK ugly, Services weak compared to Manufacturing), preliminary October data for both segments of the US economy were expected to rise (despite a trend towards weaker macro data for the last two months).
Interestingly, US saw a mirror image of Europe – with Manufacturing disappointing (53.3 vs 53.5 3exp) and Services stronger (56.0 vs 54.6 exp)
Source: Bloomberg
The combination proved enough though to lift the US Composite index to 20-month highs and suggest economic growth is rebounding confidently…
Commenting on the flash PMI data, Chris Williamson, Chief Business Economist at IHS Markit, said:
“The US economy looks to have started the fourth quarter on a strong footing, with business activity growing at a rate not seen since early 2019. The service sector led the expansion as increasing numbers of companies adapted to life with COVID19, while manufacturing continued to report solid growth amid rising demand from households and businesses.
“A slowdown in hiring and weaker new order inflows were in part attributable to hesitancy in decision making ahead of the presidential election. More encouragingly, business optimism surged higher, indicating that firms have become increasingly positive about prospects for the coming year amid hopes of renewed stimulus, COVID-19 containment measures gradually easing and greater certainty for businesses a and households after the presidential elections.”
Perhaps most worrying for The Fed, however, is that Markit found “Inflationary pressures also eased. Despite a further strong rise in cost burdens, service providers sought to generate more sales and limit increases in output charges.”
Get back to work Mr.Powell!
It Took 22 Years to Get to This Point
Speaking to author and podcaster Dana Parish, former Centers for Disease Control and Prevention...
The United States just made a decision that could lead to World War 3. The current ruling class...
Russia has just announced that conscription in the former Soviet Union is "unnecessary" as...
This article was originally published by Michael Snyder at The Economic Collapse Blog. This...
Commenting Policy:
Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.
This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.
“You Know Sometimes Words Have Two Meanings” -Led Zepplin
A linguistic hat trick. Liguistic corruption for purposes of fraud and political tyranny. Maybe the French are onto something with preventing the mis-use of language. There is a need for the prevention of language within the legal system. If the words mean nothing, or opposite or mis-understood meanings, the laws mean nothing and contracts mean nothing. Are we going to spend the rest of our lives debating what the meaning of is is?
The attack being used by Fascists and Marxists which both produce the same end result has been the attack on Liberalism and Neo-Liberalism. We keep hearing people say that Liberalism has failed and that Neo-Liberalism has failed. I would agree that Neo-Liberalism has failed, because Neo-Liberalism is Liberalism without Liberty, which is what Liberalism is and embraces an end to tyranny and an end of monarchies and feudalism starting from The Age of Enlightenment and espousing the rights of the individual and the Bill of Rights. Neo-Liberalism, or Liberalism without Liberty, is fake generosity controlled by the government and fake inclusiveness and fake non-discriminatory practices and mandates. Neo-Liberalism is essentially equated with sunscreen directions as in apply liberally, but the only thing that they are applying liberally in actuality is bullshit.
Marxists and Fascists love to try to convince people that there is a difference between Marxism and Fascism just as Republicans and Democrats love to try to convince people that there is a difference between the two parties when the differences are miniscule.
Marxists like to say that Fascists exert power over the weak and hand power over to corporations and that Marxists like to empower the people. The outcome was the same. Volkswagon was a German Nazi project which was owned by the state. Siberia is filled with people that were forced to work in enslavement camps, and the Marxists brutally murdered untold numbers of people as well as the Fascists.
What Neo-Liberalism actually is is Liberalism without Liberty. It is fake generosity controlled by the government and fake inclusiveness and fake non-discriminatory practices and mandates. Neo-Liberalism is essentially equated with sunscreen directions as in apply liberally.
The attacks stemming from Marxist economists are basically bullshit because they admit that there is parasitism taking place by corporations and the financial sector. The Marxist economists are ferverent supporters of parasitism though, and would like parasitism to be the job of government and the surveillance state, rather than the corporate sector and the financial sector. The attack is on liberty, because they know that Marxism cannot occur simulatneously with liberty, and neither can Fascism. Marxism and Fascism are both systems of parastic tyrants.
Liberlaism is not the problem. A lack of Liberalism is the problem! Liberalism as in The Bill of Rights! They cannot survive with Liberalism because they are parasites dependent on violating our constitutional rights! They are the problem!
What if I just reject parastism regardless of where it is coming from? It is of no benefit to me to trade one group of tyrannical parasites in for another group of tyrannical parasites.
The same Marxist economist con-artists are claiming that China has succeeded economically because of government management of financial assets and the surveillance state by locking down Wuhan for the coronavirus, depriving the Wuhan residents of any and all rights and autonomy, and have criticized the U.S. stock market and corporations, but China would still be in destitute poverty if it were not U.S. corporations and the U.S. stock market, because most of the U.S. corporations are in China, and most capital gains from the U.S. stock market have flowed directly into China as a result of it. They conveniently overlook the fact that Wuhan never should have been locked down in the first place, and that the coronavirus is not a life-threatening diseease that warants such measures of absolute tyranny. All of those things are fact inconvenient for Marxist economists and when the facts are introduced, their arguments disintegrate into a pack of lies and absolute tyranny.
We must kill the beast! The stock market that has been responsible for almost all of the corruption within the government and businesses! Since March 17th, 2020, 43% of small businesses have had to at least temporarily close, and small businesses have had to reduce staff by 40% as a result of the scamdemic. Small business also only have two months worth of cash on hand as a result of it. This is all being done in order to transfer assets over from the honest and competent, over to the corrupt and incompetent. It is keeping the parasitic beast on life support at everyone elses expense. Since the lock down, Americas 538 billionaires have increased their networth by over $860 billion. The FMAGA tycoons networth surged by over 38% in a fraud scam of data theft and perverted spying program psy-opped as contact tracing. Kill the beast! Or be killed by it! Those are America’s two remaining choices! It devours everything in its path, and is responsible for $21 trillion in accounting errors in a Pentagon, Treasury, Wall Street money laundering circuit with more dirty laundry than the Netenyahus visiting the White House! Not to mention all of the bail-outs!
The God damn thing is killing us! It provides a criminogenic petri-dish for corruption and it always has! It just keeps getting worse!
Andrea Iravani
We have manufacturing? I thought it was turned into bistros, gift shops, and industrial-feel home decor.
Where the railcars have not been filled with flowers, the jobs have been given to insurrectionist teamsters and white-replacement demographics.
Andrea Iravani
“You Know Sometimes Words Have Two Meanings” -Led Zepplin
A linguistic hat trick. Liguistic corruption for purposes of fraud and political tyranny. Maybe the French are onto something with preventing the mis-use of language. There is a need for the prevention of language misuse within the legal system. If the words mean nothing, or opposite or mis-understood meanings, the laws mean nothing and contracts mean nothing. Are we going to spend the rest of our lives debating what the meaning of is is?
The attack being used by Fascists and Marxists which both produce the same end result has been the attack on Liberalism and Neo-Liberalism. We keep hearing people say that Liberalism has failed and that Neo-Liberalism has failed. I would agree that Neo-Liberalism has failed, because Neo-Liberalism is Liberalism without Liberty, which is what Liberalism is and embraces an end to tyranny and an end of monarchies and feudalism starting from The Age of Enlightenment and espousing the rights of the individual and the Bill of Rights. Neo-Liberalism, or Liberalism without Liberty, is fake generosity controlled by the government and fake inclusiveness and fake non-discriminatory practices and mandates. Neo-Liberalism is essentially equated with sunscreen directions as in apply liberally, but the only thing that they are applying liberally in actuality is bullshit.
Marxists and Fascists love to try to convince people that there is a difference between Marxism and Fascism just as Republicans and Democrats love to try to convince people that there is a difference between the two parties when the differences are miniscule.
Marxists like to say that Fascists exert power over the weak and hand power over to corporations and that Marxists like to empower the people. The outcome was the same. Volkswagon was a German Nazi project which was owned by the state. Siberia is filled with people that were forced to work in enslavement camps, and the Marxists brutally murdered untold numbers of people as well as the Fascists.
What Neo-Liberalism actually is is Liberalism without Liberty. It is fake generosity controlled by the government and fake inclusiveness and fake non-discriminatory practices and mandates. Neo-Liberalism is essentially equated with sunscreen directions as in apply liberally.
The attacks stemming from Marxist economists are basically bullshit because they admit that there is parasitism taking place by corporations and the financial sector. The Marxist economists are ferverent supporters of parasitism though, and would like parasitism to be the job of government and the surveillance state, rather than the corporate sector and the financial sector. The attack is on liberty, because they know that Marxism cannot occur simulatneously with liberty, and neither can Fascism. Marxism and Fascism are both systems of parastic tyrants.
Liberlaism is not the problem. A lack of Liberalism is the problem! Liberalism as in The Bill of Rights! They cannot survive with Liberalism because they are parasites dependent on violating our constitutional rights! They are the problem!
What if I just reject parastism regardless of where it is coming from? It is of no benefit to me to trade one group of tyrannical parasites in for another group of tyrannical parasites.
The same Marxist economist con-artists are claiming that China has succeeded economically because of government management of financial assets and the surveillance state by locking down Wuhan for the coronavirus, depriving the Wuhan residents of any and all rights and autonomy, and have criticized the U.S. stock market and corporations, but China would still be in destitute poverty if it were not U.S. corporations and the U.S. stock market, because most of the U.S. corporations are in China, and most capital gains from the U.S. stock market have flowed directly into China as a result of it. They conveniently overlook the fact that Wuhan never should have been locked down in the first place, and that the coronavirus is not a life-threatening diseease that warants such measures of absolute tyranny. All of those things are fact inconvenient for Marxist economists and when the facts are introduced, their arguments disintegrate into a pack of lies and absolute tyranny.
We must kill the beast! The stock market that has been responsible for almost all of the corruption within the government and businesses! Since March 17th, 2020, 43% of small businesses have had to at least temporarily close, and small businesses have had to reduce staff by 40% as a result of the scamdemic. Small business also only have two months worth of cash on hand as a result of it. This is all being done in order to transfer assets over from the honest and competent, over to the corrupt and incompetent. It is keeping the parasitic beast on life support at everyone elses expense. Since the lock down, Americas 538 billionaires have increased their networth by over $860 billion. The FMAGA tycoons networth surged by over 38% in a fraud scam of data theft and perverted spying program psy-opped as contact tracing. Kill the beast! Or be killed by it! Those are America’s two remaining choices! It devours everything in its path, and is responsible for $21 trillion in accounting errors in a Pentagon, Treasury, Wall Street money laundering circuit with more dirty laundry than the Netenyahus visiting the White House! Not to mention all of the bail-outs!
The God damn thing is killing us! It provides a criminogenic petri-dish for corruption and it always has! It just keeps getting worse!
Andrea Iravani
the hackers refuse to stop hacking. It is all that they are capable of.
Some people in England are saying that the virus has not been defeated because not everyone is following lockdown orders.
Maybe it’s the water or the food. That seems to be more likely. People have contracted viruses even when totally isolated. So it is either the water, the food, the air, or viruses already present in the body that are re-activated. Obviously, the lock downs do not prevent viruses, and neither do distancing, masks, or vaccines. Milwaukee had a cryptosporidium outbreak from the water supply in the 1990’s and polio outbreaks were from the water supply too.
Yes. We Are All Going To Die. Why Is This Shocking Adults? It Is Common Knowledge. Grow Up! This is not a justification for contaminated water, but locking down Milwaukee would not have prevented the transmission of cryptosporidium, since it was in the water supply.
Andrea Iravani
This so called Chinese 4th Industrial Revolution is more of a counter-revolution to liberty and has used technology for counter-revolutionary, anti-humanitarian, anti-human rights purposes.
The U.S. technologies should compete against Chinese tech companies by providing products that empower the individual consumer by eliminating back-doors into their products, by ending data mining, and have Siri, Alexa, and other AI tools be able to detect the location and IP addresses of hackers and disable hackers and spies devices. They should also have actual people that can be called on the phone, because hacking and identity theft are out of control.
Technology should also develop robots for working at nuclear power plants and nuclear waste processing centers and see if an AI super-computer can come up with a nuclear waste solution because the individuals working at those plants and nuclear waste processing facilities work 85 hours a week with radiation sickness, which is barbaric. It is not as if the only thing left is a cannibalizing industry as a means for income for them. In fact, techies are so far out of touch with the rest of the world that they should be prohibited from being granted licenses without serious public debate over extremely dangerous things tnat they develop like mind reading technology, brain implants, and Directed Energy Weapons. It seems that they have declared war on their consumers, which is a really terrible business model, aside from being completely wicked and evil.
I think that most people would agree that those would be revolutionary concepts in technology empowering the individual. People would really appreciate that, at least I would. I do not want all of my appliances connected to the IoT. I do not want computers in my kitchen or laundry room appliances either, or even in my car, and especially in energy and water meters! They are all spying devices! That serves the computer industry not customers.
Andrea Iravani
This so called Chinese 4th Industrial Revolution is more of a counter-revolution to liberty and has used technology for counter-revolutionary, anti-humanitarian, anti-human rights purposes.
The U.S. technologies should compete against Chinese tech companies by providing products that empower the individual consumer by eliminating back-doors into their products, by ending data mining, and have Siri, Alexa, and other AI tools be able to detect the location and IP addresses of hackers and disable hackers and spies devices. They should also have actual people that can be called on the phone, because hacking and identity theft are out of control.
Technology should also develop robots for working at nuclear power plants and nuclear waste processing centers and see if an AI super-computer can come up with a nuclear waste solution because the individuals working at those plants and nuclear waste processing facilities work 85 hours a week with radiation sickness, which is barbaric. It is not as if the only thing left is a cannibalizing industry as a means for income for them. In fact, techies are so far out of touch with the rest of the world that they should be prohibited from being granted licenses without serious public debate over extremely dangerous things tnat they develop like mind reading technology, brain implants, and Directed Energy Weapons. It seems that they have declared war on their consumers, which is a really terrible business model, aside from being completely wicked and evil.
I think that most people would agree that those would be revolutionary concepts in technology empowering the individual. People would really appreciate that, at least I would. I do not want all of my appliances connected to the IoT. I do not want computers in my kitchen or laundry room appliances either, or even in my car, and especially not in energy and water meters! They are all spying devices! That serves the computer industry not customers.
The tech sector has a terrible HR model that hires criminals that violates peoples rights and property by hacking, and then entrusts psychopaths with our information. They belong in prison for their crimes, not rewarded financially and provided easier access to victims information! It’s like placing domestic violence and sexual assault perpetrators in charge of Women’s Shelters!
Andrea Iravani