Thursday, August 01, 2019

Pretty crazy.

There are the strongest manufacturing economies right now. Don't believe me? 

Greece - 54.60

Kenya - 54.30

Nigeria - 57.60

Saudi Arabia - 57.40

United Arab Emirates - 57.70

These countries are in the middle.

Australia - 51.60

Brazil - 51.00

Burma 52.90

India - 52.50

Phillipines - 52.10

South Africa - 52.10

Sweden 52.00

Vietnam - 52.60

If you don't see your country on the list - you are at or near contraction. With Germany being the most puke worthy at 43.20. And if the Chicago PMI is anything, our next reading will be pretty scary. It came in at 44.4.  Anything below 50.00 is contraction. Anything above - expansion. Chicago PMI is not even kissing that number.

2 comments:

  1. Respectfully - that is not really that great of a number. I know the population has doubled in my lifetime and I wasn't born in the 50's. It IS better over 2010, but only marginally so. We are basically treading the low water range. Makes a great headline though if you don't think about it too deeply.

    We are basically at the same level as 1949. Now if it starts looking more like 1951 - come on back. If it just reaches the same level as the 60's and 70's I'd be more happy. I'm not sure it will ever get back to the 80's and 90's level. In the Year 2000 is when they start outsourcing in earnest and everything fell of a cliff. Here.

    I voted for Trump- but reality is reality. I am in the camp that you have to put up with some sort term pain for long term gain. But trying to imagine away weakness is not helpful because people get blindsided when they lose their jobs. If building permit are down by THAT much........................................................

    Employment is a lagging indicator. The Lowes rumor turned out to be true. And there is a lot of smoke over at CISCO and a lot of other places.

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  2. I ~think~ you meant that sarcastically. But I agree. Humans are very pain adverse. They will do stupid thing to avoid it.

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