November U.S. factory orders fall 1.4% & Dec. ISM nonmanufacturing Falls

[cthrumatrix]

November U.S. factory orders fall 1.4% - Commerce Dept. By Jeffry Bartash
WASHINGTON (CBS.MW) -- Orders at U.S. factories fell in November, the Commerce Department said Tuesday. Factory orders fell 1.4 percent in November -- matching the forecast of economists polled by CBS MarketWatch. In October, orders were revised to up 2.4 percent from an initially estimated gain of 2.2 percent.

http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid=%7B94A24024%2DC837%2D4FDD%2DA092%2DD307AA4104BB%7D&siteid=mktw


U.S. Dec. ISM nonmanufacturing index falls to 58.6% By Rex Nutting
WASHINGTON (CBS.MW) -- Activity in the nonmanufacturing sectors of the U.S. economy grew strongly in December, the Institute for Supply Management reported Tuesday. The ISM's nonmanufacturing index fell to 58.6 percent from 60.1 in November, indicating a slower pace of expansion. Economists expected the index to rise to 60.8 percent. Twelve of 17 industries grew in December. New orders rose to 61.2 percent from 60.1 percent. Readings over 50 percent in the diffusion index indicate expansion in those sectors. On Friday, the group said activity in the manufacturing sectors in December was the strongest in 20 years.

http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid=%7BDD9EC4B4%2D105F%2D4408%2D9968%2DCDDCAE58DFF7%7D&siteid=mktw

[Warren Stuart]

1. This is good news <sarcasm>

Things can only get better, right?

[mhr]

2. Sound Like A Mixed Bag Of Numbers To These Ears

eom

[cthrumatrix]

3. these are not good numbers if you are looking at a "robust economy"

which is what shrub wants us to believe.

[nadinbrzezinski]

4. hmm more good news I take it... if you want to crash the US

economy that is

[MadHound]

5. And all of the good little sheeple say "Baa Baa, the Economy is Good"

Yeppers, combine this with the falling consumer confidence numbers, the flatline Christmas numbers, the record underemployment, the record deficit and other economic numbers, and this robust, recovering economy is starting to look like a hungover drunk hankering for some hair of the dog that bit him. Meanwhile all of the RW pundits, the media and the administration keep pointing at the stock market and saying that the economy must be doing well, the markets are going up. Whatever. Few people realize what a crooked little game the stock market is, and how it can be manipulated. Nope, the majority of the people simply look at the market going up and think everything is rosy. Meanwhile the country edges ever closer to that economic precipice. Are you ready for the plunge?

[yellowcanine]

6. Yes! Bad news means we are winning the war on the terra-ists!

Er-something like that anyway.

[54anickel]

7. Gotta keep things alive until election day! There's been a drop in

the monetary aggregates as well.

http://www.fxstreet.com/nou/content/105640/content.asp?menu=strategy

Falling money supply
Following the monetary easing in the US since the mid-1990ies, the largest monetary aggregates M2 and M3 have been increasing by a staggering amount. In 2002 M1 increased by 4.72 percent. The M2 and M3 increased by respectively 7.61 and 8.00 percent. The most recent estimates suggest that the first half of 2003 saw similar growth in the monetary aggregates. However, this growth has slowed down considerably since the end of August, when the monetary aggregates reached all time highs. This persistent 19 week decline is beginning to look very significant.


Monetary aggregate
M1
M2
M3

19-week fall, billions USD
16.3
152.0
185.2

more......


So if corporate spending doesn't kick it in gear, we're pretty much toast. The consumer can't carry the burden any longer.