PMI at 49.1%; August Manufacturing ISM Report On Business | Metals Mine

  • PMI at 49.1%; August Manufacturing ISM Report On Business

    From prnewswire.com

    Economic activity in the manufacturing sector contracted in August, and the overall economy grew for the 124th consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: "The August PMI® registered 49.1 percent, a decrease of 2.1 percentage points from the July reading of 51.2 percent. The New Orders Index registered 47.2 percent, a decrease of 3.6 percentage points from the July reading of 50.8 percent. The ... (full story)

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Skracor247
Sep 3, 2019 9:39am
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Quoting Bicarus
2 more months of such and we are officially in a technical recession.
Hmm... I'm pretty sure recession is counted by six months of shrinking GDP...
Still a ways to go I'm afraid.
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Skracor247
Sep 3, 2019 11:03am
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Quoting sadeghi
{quote} no, that's not so, he's a stubborn man, i think it's unlikely this man does it in this month. just i wish he told us why he wouldn't do it
If the banks are going to change a large position from one asset class to another it takes some time. They don't want the market to panic because they want the best prices they can possibly get. Powel is buying his customers time...
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sadeghi
Sep 3, 2019 9:08am
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I'm sure Mr Powell will push us economics into a recession, almost all countries are lowering rate for preventing but Mr Powell does nothing,
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toncuz
Sep 3, 2019 9:27am
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I'm sure Mr Trump, the bankruptcy king, will push us economics into a recession, almost all countries are avoiding trade wars for preventing but Mr Trump does nothing,
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sadeghi
Sep 3, 2019 10:25am
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Quoting toncuz
I'm sure Mr Trump, the bankruptcy king, will push us economics into a recession, almost all countries are avoiding trade wars for preventing but Mr Trump does nothing,
pardon me, you think Chinese are avoiding trade war? you believe that usd/yuan is really 7.02? would you please to me why yuan is too weak? because of weakness of china economics or being too low exchange and gold reserves ? make me clear if i am wrong and or that you know what i don't know
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sadeghi
Sep 3, 2019 10:50am
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Quoting Goncalo008
Sadeghi... We will se on Wed Sep 18... He might push interest rate down. Powel vs the world!
no, that's not so, he's a stubborn man, i think it's unlikely this man does it in this month. just i wish he told us why he wouldn't do it
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sadeghi
Sep 3, 2019 1:19pm — Edited
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Quoting toncuz
China is at it's lowest growth rate in 27 years. Trump thinks they have lost leverage and as normal, he thinks he can bully the weak. China plays a long chess game. They will begin to take territory to offset Trump's foolish attempt at policy as he knows nothing about political nuance. There's a way to do things and Trump is clueless. Trump knows how to bully desperate old women to sell their property in Atlantic City...he knows zero about "win / win" strategies. Businessmen, especially the bankrupt kind...make the worst national leaders....
thanks but you didn't say why should currency of second big economics and first economics in term of having gold reserves is too low? please tell me an economic reason, i can't personally find any economic cause except manipulation, i think it's Chinese who has started trade war before pres Trump, take a look at trade balance between china and us
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Bicarus
Sep 3, 2019 9:34am
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2 more months of such and we are officially in a technical recession.
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afevir
Sep 3, 2019 12:48pm
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USD
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Goncalo008
Sep 3, 2019 9:19am
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Sadeghi... We will se on Wed Sep 18... He might push interest rate down. Powel vs the world!
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toncuz
Sep 3, 2019 12:08pm
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China is at it's lowest growth rate in 27 years. Trump thinks they have lost leverage and as normal, he thinks he can bully the weak. China plays a long chess game. They will begin to take territory to offset Trump's foolish attempt at policy as he knows nothing about political nuance. There's a way to do things and Trump is clueless.

Trump knows how to bully desperate old women to sell their property in Atlantic City...he knows zero about "win / win" strategies. Businessmen, especially the bankrupt kind...make the worst national leaders. The only thing they understand is, "How can I make working people earn less and less, so my business makes more profit.". They bring this idiotic approach to government.
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toncuz
Sep 3, 2019 2:45pm
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There are economic and POLITICAL reasons any nation does things. China sends the USA actual things...actual products. We send them paper. Paper that fluctuates. China also has a claim on Taiwan...our ally...the way the USA has a claim on Puerto Rico. The USA gave China good trade deals and China never invaded Taiwan. Nor did they pass stringent laws in Hong Kong...until now. What a coincidence.

Nor has China made moves on several islands that they also have claims on...until now. Can you see why economics and politics are intertwined and that economic reasoning is sometimes useless?

All of these POLITICAL moves are used for economic leverage in the future. Eventually...China will be asked to stop taking over territory...and threatening our allies and then Trump will stop the silly trade wars and we will be back to square one. All for nothing...because a President never studied history...or politics...or economics.
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Sparrows
Sep 3, 2019 3:20pm
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I'm new at this, but wouldn't it make sense that orders are down due to the strength of the US dollar? It may be non-US purchasers would run down inventories before being compelled to make new orders, or wait for a pullback... Just a thought.
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donroyalfx
Sep 3, 2019 9:16am
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WE SELL UJ THEN ....
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donroyalfx
Sep 3, 2019 9:56am
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GOLD them say its save heaven ...we buy gold now ...
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