...and fulminate.
The great function of the market, as discounting mechanism for future probable outcomes, continues its march. With "DOOM!" being the popular and erudite response to the current global imbroglio, it is no surprise to readers here that the markets have promptly gone the other way...and not without data.
U.S. December ISM Manufacturing Index:
Dec. Nov.
2011 2011
===================================
Manufacturing index 53.9 52.7
Prices paid 47.5 45.0
Production 59.9 56.6
New orders 57.6 56.7
Backlog of orders 48.0 45.0
Supplier deliveries 49.9 49.9
Inventories 47.1 48.3
Customer inventories 42.5 50.0
Employment 55.1 51.8
New export orders 53.0 52.0
Imports 54.0 49.0
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