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0 of 70 Economists Polled By Expected ISM Contraction

By Mish   Follow   Mon, 2 Jul 2012, 9:34am   1,106 views   13 comments
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US Manufacturing ISM Contracts for First Time in Three Years; New Orders and Prices Plunge; Perfect Score: 0 of 70 Economists Polled By Bloomberg Expected Contraction
http://globaleconomicanalysis.blogspot.com/2012/07/us-manufacturing-ism-contracts-for.html
Mish

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1. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 168 threads 4,147 comments Premium

   1   10:47am Mon 2 Jul 2012   Share   Quote   Permalink   Like   Dislike   Protected   Everything's looking mighty cannibal anarchy out there.

2. peteym80 Follow Befriend 16 comments Mission Viejo, CA

   2   11:42am Mon 2 Jul 2012   Share   Quote   Permalink   Like   Dislike   Mish, Great work on your blog. You and the Tyler (Zero Hedge) are great sources for information and discussion. I would like to see the trading history of the 70 economist polled and also find out where they work...me thinks they are from Blackrock, Goldman, B of A, JPM etc.

3. CaptainShuddup Follow Befriend (1) 246 threads 4,655 comments

   3   11:56am Mon 2 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)   Crashing Housing says Plunging prices and worthless housing. Worthless worthless housing. It's worth less and less with each passing day. Great news everyone, due to increasing demand. I have expanded my facilities, and I am now not only accepting unwanted fiat currency but those pesky unwanted property deeds.

4. CaptainShuddup Follow Befriend (1) 246 threads 4,655 comments

   4   1:40pm Mon 2 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)   Crashing Housing says Get over it and get on with your life. Oh I have Buddy Boy, that is MY message to YOU! I bought a house and am "getting on with my life" quite well. Guess what, the property value went down some, but planes didn't fall from the sky, the bank bulldozers aren't in my front yard, and the man in the suit isn't at my door serving me papers. I'm still paying the same thing for my mortgage today, that I was paying in rent in 2008. I can care less what the property values do. My tax keeps going lower, and I if this keeps up, I'll pick up a few more houses to rent out. You folks are WAITING, waiting for something, I'm not sure what. But you expect that some "The way it used to be" clause will kick in, and we'll resume this "American Dream" initiative we've always enjoyed. The truth is, when the dust settles, there's going to be huge division in this county. Like musical chairs, those that grabbed a seat(i.e. Houses) will have a seat, those that put their lives on hold for a return of the good ole days. Will be renters, i.e. the have not's. It will be like property in Old countries, those properties have been in families for generations, and they aren't selling.

5. CaptainShuddup Follow Befriend (1) 246 threads 4,655 comments

   5   2:24pm Mon 2 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)   Lemme ass you a question? What magical money pile does the rent money you throw out the window go into? You speak as if the rent you pay is some special protected asset, and every real estate transaction in the world is a losing proposition. Selective accounting, you only carry over the ones and add the zeros on other peoples numbers, but you just totally don't even figure in your rent when you work your numbers. Nice try and game set match!

6. CaptainShuddup Follow Befriend (1) 246 threads 4,655 comments

   6   2:49pm Mon 2 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)   CaptainShuddup says What magical money pile does the rent money you throw out the window go into? Never mind, you seemed "touched". You're calling me a liar because I'm paying a $1200 mortgage which was the same thing I was paying in rent in 2008. That same place now rents for $1700 a month. I could rent my "Shack" for $2100, and plan on doing just that when I buy an even cheaper, but nicer house a little East and on the water.

7. pazuzu Follow Befriend 6 threads 198 comments

   7   5:15pm Mon 2 Jul 2012   Share   Quote   Permalink   Like   Dislike   CaptainUncertainIdidTheRightThingGoingIntoALotofDebt: "Will be renters, i.e. the have not's." Its so sad I know, we have nots. For example, I rent a great house for 1/3 the cost of buying it. But I don't have it. When things break my sucker, the landlord fixes it while I go out for some fine dining. Which I pay for and eat and enjoy, but then the food is gone and I don't have it. I'm saving so much money that I spend some of it on vacations, relaxing or exciting depending on what I feel like. But then some money is gone and I don't have it.

8. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

   8   5:30pm Mon 2 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)   Mish says US Manufacturing ISM Contracts for First Time in Three Years; Crap! not good!

9. lostand confused Follow Befriend (9) 159 threads 1,525 comments Premium

   9   6:29pm Mon 2 Jul 2012   Share   Quote   Permalink   Like   Dislike   Protected   Solution is easy. More globalisation, more free trade and ship even more factories to China.

10. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

    10   6:33pm Mon 2 Jul 2012   Share   Quote   Permalink   Like   Dislike   lostand confused says more free trade We dont have free trade, never did ever since we did business even with Japan. Chinese like the Japanese dont see what is fair, but what is game for them. And we are so anti business, anti capitalist, they are more than eager to take what ever we created and call it theirs. The US doesnt want factories, they want to occupy Wall Street.

11. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 168 threads 4,147 comments Premium

    11   8:36pm Mon 2 Jul 2012   Share   Quote   Permalink   Like   Dislike   Protected   I just want to skull fuck bankster scum!

12. lostand confused Follow Befriend (9) 159 threads 1,525 comments Premium

    12   2:39am Tue 3 Jul 2012   Share   Quote   Permalink   Like   Dislike   Protected   thomas.wong1986 says Chinese like the Japanese dont see what is fair, but what is game for them. That is what a good business does-do what is good for them. Not be caught up in utopian ideals of free trade. What difference does it make if you call it free trad/communism/whateverism. A rose by any other name is a rose. Trade with another country should be beneficial for the majority-not drag us down to third world status.

13. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 168 threads 4,147 comments Premium

    13   2:54am Tue 3 Jul 2012   Share   Quote   Permalink   Like   Dislike   Protected   About the only sane commentary I've read about how self-destructive the Wall Street doomsday machine of criminalized finance is to the the USA - addressed comprehensively - has come from PRC Communist Party apparatchiks. Everyone in the states who is not dismissed as a marxist lackey who hates prosperity thinks it is normal and wholesome for a multi-trillion market space to blow itself to smithereens and take the world with it every 10-15 years and that even thinking about re-regulating it would provoke Jesus to ascend from heaven and take a shit on our faces. Disband the NAR! Ban the securitization of mortgage instruments!