ISM Manufacturing Index contracting to 10 year low

Discussion in 'Current Events, Politics and Off Topic Banter' started by pmvon, Oct 1, 2019.

  1. pmvon

    pmvon All American
    Gold Member
    Expand Collapse

    Joined:
    Jan 30, 2007
    Messages:
    5,943
    Likes Received:
    5,071
    Back down to 2016 lows. Great job dump.

    [​IMG]
     
  2. pmvon

    pmvon All American
    Gold Member
    Expand Collapse

    Joined:
    Jan 30, 2007
    Messages:
    5,943
    Likes Received:
    5,071
    The greatest economy ever!
     
  3. becktheory

    becktheory All Conference
    Expand Collapse

    Joined:
    Nov 21, 2001
    Messages:
    3,364
    Likes Received:
    3,767
    Lowest since 2009

    "We have now tariffed our way into a manufacturing recession in the U.S. and globally," said Peter Boockvar, chief investment officer at Bleakley Advisory Group.

    I was told by many on this board that tariffs have little to no impact.
     
  4. becktheory

    becktheory All Conference
    Expand Collapse

    Joined:
    Nov 21, 2001
    Messages:
    3,364
    Likes Received:
    3,767


    "Purchasing managers are telling stock market investors to get out," Chris Rupkey, chief financial economist at MUFG Union Bank, said in a note. "Run. Run for your life. Get out while you can. The outlook is darkening and the thunder is growing louder by the day."
     
  5. pmvon

    pmvon All American
    Gold Member
    Expand Collapse

    Joined:
    Jan 30, 2007
    Messages:
    5,943
    Likes Received:
    5,071
    All while running up the deficit to a trillion a year on the backs of our children just so he can lie to his sheep that this is the greatest economy ever.
     
  6. BIGRUBIGDBIGredmachine

    BIGRUBIGDBIGredmachine Heisman Winner
    Expand Collapse

    Joined:
    Jan 12, 2015
    Messages:
    10,576
    Likes Received:
    7,544
    It's a survey re: 15% of the US economy. Follow the hard data.
     
    RUaMoose and Caliknight like this.
  7. BIGRUBIGDBIGredmachine

    BIGRUBIGDBIGredmachine Heisman Winner
    Expand Collapse

    Joined:
    Jan 12, 2015
    Messages:
    10,576
    Likes Received:
    7,544
    [​IMG]
     
  8. MorrisAsh

    MorrisAsh Senior
    Expand Collapse

    Joined:
    Dec 5, 2015
    Messages:
    2,493
    Likes Received:
    4,053
    Location:
    Morristown
    Well at least Trump took the pending recession out of the headlines

    #SoTiredOfWinning
     
  9. RU_Planning

    RU_Planning Heisman Winner
    Expand Collapse

    Joined:
    Aug 14, 2002
    Messages:
    18,157
    Likes Received:
    22,146
    The guy with the self-described “best brain” thinks interest rates are why we are heading for a manufacturing recession.

    [roll]
     
  10. NotInRHouse

    NotInRHouse Legend
    Expand Collapse

    Joined:
    Oct 17, 2007
    Messages:
    57,925
    Likes Received:
    33,395
    Ah so manufacturing jobs are not coming back?

    OTOH if these factory workers could get law degrees there is a big need for criminal defense lawyers at the RNC
     
  11. pmvon

    pmvon All American
    Gold Member
    Expand Collapse

    Joined:
    Jan 30, 2007
    Messages:
    5,943
    Likes Received:
    5,071
    Another lie perpetrated on his flock.
     
  12. ashokan

    ashokan Heisman Winner
    Expand Collapse

    Joined:
    May 3, 2011
    Messages:
    11,559
    Likes Received:
    8,742
    Caliknight likes this.
  13. pmvon

    pmvon All American
    Gold Member
    Expand Collapse

    Joined:
    Jan 30, 2007
    Messages:
    5,943
    Likes Received:
    5,071
    Thanks for coming out of the wood shack and joining us in the 20th century asshoke. Yes, the US is part of the global financial system and according to you guys no one else matters.

    And no one is cheering, they are laughing at you for being so gullible to buy into the greatest economy ever bs and how this charlatan was going to increase manufacturing and reduce debt. He’s done neither.
     
  14. ashokan

    ashokan Heisman Winner
    Expand Collapse

    Joined:
    May 3, 2011
    Messages:
    11,559
    Likes Received:
    8,742
    Lol US is doing better than most of the world - sorry pmson!
     
    RUaMoose likes this.
  15. RU_Planning

    RU_Planning Heisman Winner
    Expand Collapse

    Joined:
    Aug 14, 2002
    Messages:
    18,157
    Likes Received:
    22,146
    His typical psycobabble isn’t compatible with markets and the economy.

    Trump’s “Trade wars are easy to win” nonsense is a major factor in the global slowdown.
     
  16. becktheory

    becktheory All Conference
    Expand Collapse

    Joined:
    Nov 21, 2001
    Messages:
    3,364
    Likes Received:
    3,767
    I also propose that we transition the coal miners. Factory workers would not fill the demand for defense lawyers.
     
  17. RU_Planning

    RU_Planning Heisman Winner
    Expand Collapse

    Joined:
    Aug 14, 2002
    Messages:
    18,157
    Likes Received:
    22,146
    If folks in those areas vote for him again, is it really about economic anxiety?
     
  18. Caliknight

    Caliknight Legend
    Expand Collapse

    Joined:
    Sep 21, 2001
    Messages:
    100,808
    Likes Received:
    34,373
    Way to go Barry
     
  19. RU_Planning

    RU_Planning Heisman Winner
    Expand Collapse

    Joined:
    Aug 14, 2002
    Messages:
    18,157
    Likes Received:
    22,146
     
  20. pmvon

    pmvon All American
    Gold Member
    Expand Collapse

    Joined:
    Jan 30, 2007
    Messages:
    5,943
    Likes Received:
    5,071
    Us share of global GDP has been declining for 50 years. Why? Because other economies are growing faster and you know what that’s not a bad thing for the US. It’s lifted hundreds of millions out of poverty who buy US goods. US companies represent over 50% of global stock markets and 25% of global GDP. Be a dumb ass protectionist but its only going to hurt our companies. Nice try asshoke
     
  21. ashokan

    ashokan Heisman Winner
    Expand Collapse

    Joined:
    May 3, 2011
    Messages:
    11,559
    Likes Received:
    8,742
    Your drifting into vagueness and away from you original gaff.
    Its worth noting that all the anti-Trump mushrooms are as nasty as they are dumb. You're all like that same person with narrow personalities. KraZy parenting no doubt
     
  22. RUinPinehurst

    RUinPinehurst All Conference
    Expand Collapse

    Joined:
    Aug 27, 2011
    Messages:
    4,996
    Likes Received:
    4,053
    US growth has run its course. Next ten years? Look to emerging markets.
     
    RUDiddy777 and pmvon like this.
  23. pmvon

    pmvon All American
    Gold Member
    Expand Collapse

    Joined:
    Jan 30, 2007
    Messages:
    5,943
    Likes Received:
    5,071
    Nice try ted. I am nasty yet you support a scumbag as a president who has gone after people personally all over the world. And your worried about some guy on a message board. You clowns are the ones who cast personal aspersions around cucking and the like and you are calling me out. That’s called clueless.

    Krazy Ted.

    [​IMG]
     
    albanyknight likes this.
  24. ashokan

    ashokan Heisman Winner
    Expand Collapse

    Joined:
    May 3, 2011
    Messages:
    11,559
    Likes Received:
    8,742
    No - I'm not actually. Karma always gets the resenters. The more hostility you project the more negativity you acquire sooner or later. One pattern is evil coming close to succeeding, and then having the bottom fall out (like Hillary/Dems). So go ahead and work yourself-up.
     
    RUaMoose likes this.
  25. pmvon

    pmvon All American
    Gold Member
    Expand Collapse

    Joined:
    Jan 30, 2007
    Messages:
    5,943
    Likes Received:
    5,071
    Again from a guy who supports Trump an immoral scumbag for president. If you think there is Karma its going to be a bitch for you.
     
    albanyknight and RUDiddy777 like this.
  26. rutgersdave

    rutgersdave Heisman Winner
    Expand Collapse

    Joined:
    Jan 23, 2004
    Messages:
    17,050
    Likes Received:
    7,149
    https://www.washingtonpost.com/busi...e-election-with-deep-manufacturing-recession/

    Trump is heading into reelection with a deep manufacturing recession

    We have now tariffed our way into a manufacturing recession in the U.S. and globally. What’s the strategy now? It better be more than the Chinese buying more soybeans,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group, in an email.

    In perhaps the most alarming sign of all, employment also fell in the ISM report, an indication that manufacturers are so worried that they are laying off employees. A plastics and rubber products company said it laid off 10 percent of employees.

    Manufacturing remains an important industry in key swing states such as Michigan, Wisconsin, Pennsylvania and Ohio. There was a manufacturing recession heading into the 2016 election that many say contributed to Trump’s slim win in key states. Now Trump has to campaign against a similarly weak backdrop.
     
    lighty likes this.
  27. RU_Planning

    RU_Planning Heisman Winner
    Expand Collapse

    Joined:
    Aug 14, 2002
    Messages:
    18,157
    Likes Received:
    22,146
    Stable genius who has the best words. maha

     
  28. pmvon

    pmvon All American
    Gold Member
    Expand Collapse

    Joined:
    Jan 30, 2007
    Messages:
    5,943
    Likes Received:
    5,071
    This is one of my major problems with this guy. He lies to his minions. 90% of the people who support this clown wouldn't know that he is wrong in implying the Fed controls currency rates. Interest rates are part of the equation but not nearly all. Trade, deficits, economic growth, inflation etc also affect currencies. Not only that, he is trying to influence an independent Fed whose mandate is growth and inflation, not currencies. If you want a centrally controlled economy move to China. No recessions and no debate about who controls rates. We live in America, a free market democratic system.

    I am sure his minions will gobble it up though.
     
  29. RU_Planning

    RU_Planning Heisman Winner
    Expand Collapse

    Joined:
    Aug 14, 2002
    Messages:
    18,157
    Likes Received:
    22,146
    Agreed, but I think he doesn’t know he is lying when he goes off regarding the economy because he is just uninformed.

    Does he not realize the strength / weakness of the Dollar is always relative to other currencies?

    If interest rates helped manufacturing why is Germany’s manufacturing in even worse shape?

    On this issue I believe he is as stupid as his cultists on the subject matter.
     
  30. chase07470

    chase07470 All American
    Expand Collapse

    Joined:
    Oct 17, 2010
    Messages:
    9,578
    Likes Received:
    6,936
    Trump has NPD. He filters everything through that convoluted brain into a conclusion that he is 100% right and anything bad that happens is because someone else is an idiot or is persecuting him for no reason.

    Of course the FED's mandate isn't the currency and of course there is a limit of what he can do regarding the currency. Of course the trade war is having a chilling affect on the world's economy and is essentially, killing our economy at an ever faster pace, now. Trump's brain filters that all differently.

    He's a mental patient. Not even his fault. It's the people that support the non-stop nonsense that are guilty....
     
    RutgHoops, RUboston and pmvon like this.
  31. pmvon

    pmvon All American
    Gold Member
    Expand Collapse

    Joined:
    Jan 30, 2007
    Messages:
    5,943
    Likes Received:
    5,071
    Maybe or he’s just a lying scumbag. Either way, he needs to go.
     
    RUboston likes this.
  32. pmvon

    pmvon All American
    Gold Member
    Expand Collapse

    Joined:
    Jan 30, 2007
    Messages:
    5,943
    Likes Received:
    5,071
    I agree, he’s either a mental patient, uninformed or a scumbag.
     
    RUboston likes this.
  33. IMARUFAN

    IMARUFAN All Conference
    Gold Member
    Expand Collapse

    Joined:
    Mar 30, 2015
    Messages:
    3,571
    Likes Received:
    7,807
    Well, if the economy continues to slow, at least then we can impeach Trump.

    But, as Trump has definitively stated, we can not impeach him if the economy is doing great.
     
    RUboston, lighty and pmvon like this.
  34. RU_Planning

    RU_Planning Heisman Winner
    Expand Collapse

    Joined:
    Aug 14, 2002
    Messages:
    18,157
    Likes Received:
    22,146
    We should be getting some fake trade deal news shortly.
     
    RUboston, lighty and IMARUFAN like this.
  35. Brushy Bill

    Brushy Bill Sophomore
    Expand Collapse

    Joined:
    Mar 31, 2009
    Messages:
    494
    Likes Received:
    332
    Lefties hailing a manufacturing slowdown because they think it'll help rid them of the bad orange man. Color me shocked.
     
    RUaMoose likes this.
  36. BIGRUBIGDBIGredmachine

    BIGRUBIGDBIGredmachine Heisman Winner
    Expand Collapse

    Joined:
    Jan 12, 2015
    Messages:
    10,576
    Likes Received:
    7,544
    The usual TDS suspects hyperventilate every time there's a dip in the markets or a softer than expected monthly economic number.They rant & rave for a few dayz then go radio silent when things bounce back.
     
    RUaMoose and Brushy Bill like this.
  37. pmvon

    pmvon All American
    Gold Member
    Expand Collapse

    Joined:
    Jan 30, 2007
    Messages:
    5,943
    Likes Received:
    5,071
    You clowns were complaining everyday under a dem admin. Youre biased hacks. BTW the market has been flat for almost 2 years another one of the clown shows complaints under Obama.
     
    RUboston and IMARUFAN like this.
  38. BIGRUBIGDBIGredmachine

    BIGRUBIGDBIGredmachine Heisman Winner
    Expand Collapse

    Joined:
    Jan 12, 2015
    Messages:
    10,576
    Likes Received:
    7,544
    The next time you clowns are right about the economy or the markets--or you specifically about tariffs--will be your first. Thanks for the laughs.
     
  39. pmvon

    pmvon All American
    Gold Member
    Expand Collapse

    Joined:
    Jan 30, 2007
    Messages:
    5,943
    Likes Received:
    5,071
    Right you know nothing about either so give it a break. 90% of your crew barely graduated from high school.
     

Share This Page