Presented without commentary.
Courtesy of John Lohman
Peak ISM?
After careful inspection of the ISM chart, I advocate an immediate stimulus of $10 Trillion in newly printed money in order to save or create 10 Million Shovel-Ready jobs.
I will be out of town for a few weeks in Oslo to pick up my 2nd Nobel Prize in Economics. I will be flying on Air Force One along with Obama who will be picking up his 2nd Nobel Peace Prize.
Why not have them use spoons instead of shovels? Even more jobs.
You can eat jobs too.
Sorry K-clown, but this year's Nobel Memorial Prize in Economic Sciences and the Nobel Peace Prize already go to The Bernank.
Reasoning: By spreading inflation throughout the (US Dollar pegged) world, he has toppled more dictatorial regimes in a year than any other person before him. At the same time he managed to keep inflation perceptions in his home country at bay and staged a process he himself unanimously describes as a "recovery", something nobody else has ever succeeded with in recorded history.
Milton Freidman once pointed out such logic when observing an infrastructure site in an emerging market country. The fellow escorting him about indicated that the raison d'etre for the whole enchilada was to create jobs.... so Uncle Milty suggested trading the shovels (which they were using) for spoons to increase the required number of worker bees.
Brilliant evisceration.
Wow--genius! Where does he come up with this stuff?
- HuffingtonPost Super Commenter
in his latest display of cluelessness, he argues it's okay to kill the country....as long as we do it slooooowly http://krugman.blogs.nytimes.com/2011/05/24/debt-arithmetic-wonkish/?smid=tw-NytimesKrugman&seid=auto
What doublespeak is this by Krugman? He bases all his math on a 4% raise in real GDP. Talk about believing in fairy tales.
Yes, like how the bankruptcy occurred in Hemingway's Sun Also Rises: "Two ways, gradually, then suddenly."
Clearly K-man thinks the "gradually" phase cannot end - until it does...
You're my favorite poster. The picture simply gets me every time. A+
Go get them nobel prizes and stay there we don't want you back!!! We can't afford to have Krugman or O'Bama back, btw take Ben and Timmy with you!
http://www.youtube.com/watch?v=W3BMTig9J8s
Paul Krugman,
When is your much anticipated and Nobel Laureate quality treatise, entitled 'We Can Pay Our Debt Off By Printing An Equivalent Number of Dollars To What We Owe,' going to be published?
Everyone in the office staring at me as I snort coffee out of my nose.
i'd like one cream with that, thanks.
That sounds like a plan that ought to help Bubble Ben pick up his 2nd "Man of the Year" award.
pay no attention to that ash cloud.
Du'OH!
obviously, we need more transitory money printing.
Peak erection for JPM?
Peak in ISM to come with peak in stocks?
http://deadcatbouncing.blogspot.com
not junk, just a fat finger, sorry
No worries
"Not junk" is the best review ive gotten on my blog yet ;)
Awesome chart porn! Will be an interesting 2 yr auction.
Who cares. The models are working.
This is the "fun" part of a roller coaster ride, weeeeeee!!!!!!
Could someone begrudge us n00bs a little explanation?
See how tightly the ISM is correlated with the other surveys? That correlation just broke, which makes the latest ISM numbers a joke.
Thanks for the explantion. I see that it mostly tends to break on the way down.
Institute for Supply Management™ Manufacturing Business Survey Committee.
Trends in new orders, production, employment, and inventories...
Economic activity in the manufacturing sector contracting...
Double dip on the way!
So we should use the ISM - it gives better results.
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