Courtesy of Mish.
I occasionally get emails from readers accusing me of immediately positing bad news and totally ignoring good news.
Actually, most days I have no idea what I will even write about. I get emails from all over the world and I wish I had time to write everything up. But I don’t.
Some days I struggle to find anything to write about. On other days, I run out of time. For example, on Tuesday, I wanted to report on the Chicago PMI – bad news. There was so much other news I failed to get it in.
Shortly after midnight (Thursday morning), instead of getting in a report on the Chicago PMI, I decided to post How Americans Came to Die in the Middle East.
This morning, the New York ISM report was horrendous.
Let’s finally take a look at both the Chicago and New York ISM reports, starting with Chicago, the much better report.
Chicago PMI Contracts 6th Time in Last 12 Months
Please consider May Chicago Business Barometer Down 1.1 Points to 49.3.
