November 3, 2012
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Law of the Funnel
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Hard hitting global and local news
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More here: Global Manufacturing Contracts 5th Consecutive Month
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Continue reading here: Nonfarm Payrolls +171,000, Unemployment Rate 7.9%; Good All Around Numbers
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ADP has announced revised methodology to "enhance" its monthly job reports, no doubt because its prior numbers simply were grossly inaccurate.
View post: Hurricane Sandy Update: First $100+ Billion Storm in U.S. History?
Output and new orders both down at sharper rates Employment falls at fastest pace since July 2009 Average output charges pared to steepest degree since December 2009 Summary October’s PMI data indicated a further deterioration in the performance of the Japanese manufacturing sector. Orders and output both continued to fall during the month, while evidence of rising excess capacity led to a first reduction in employment for half a year. Manufacturers also intentionally cut back on their stock holdings as order books deteriorated and the outlook remained uncertain
Please consider Hurricane Sandy’s Waters Flood Blacked-Out New York City . Hurricane Sandy sent floodwater gushing into New York’s five boroughs, submerging cars, tunnels and the subway system and plunging skyscrapers and neighborhoods into darkness. Two deaths were reported in Queens and more than 670,000 were without power in the region as of 11:30 p.m.