Bad Headline of the Day: ISM Expands ?

Monday, June 02, 2008 | 10:23 AM

Um, no:

Perhaps the headline writer meant that the May reading of 49.6, as compared to the prior month's reading of 48.6, was an improvement.

But anything below 50 represents a contraction -- not a pick up in activity.



See also:

ISM Factory Index in U.S. Shrank Less Than Forecast  (Bloomberg)

ISM Mfg Index (Barron's Econoday)

Monday, June 02, 2008 | 10:23 AM | Permalink | Comments (14) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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Love that little blurb in the lower right corner entitled: "Dollar comeback."

If they mean by "comeback" that a chicken whose head has been cut off may run around the yard a bit before it finally expires; then yeah...

Posted by: Pool Shark | Jun 2, 2008 10:29:23 AM

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