Released On 10/31/2012 9:45:00 AM For Oct, 2012 | ||||||||||
The PMI was released 30 minutes early, apparently a mistake by Market News, but this is what I tell you all the time, they have the numbers-just under an embargo, however it's a system perfectly set up for conflicts of interest. While this was a slight beat to the prior, it was a big miss of consensus and in contraction. The employment sub-index fell to 50.3 from 52, only .3 above contraction-this also being the lowest print in 33 months. PMI continues its march across the world in to the abyss. |
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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