Reply to: Euro Doom™

[OwlHoot]

If we use the analogy of a cat in a box, it's going to escape through an unfathomably small gap and piss all over your soft furnishings.

I've been watching Cats from Hell. He's an amazing guy, with a real intuition about cat problems (although most boil down to territory or lack thereof). He must have made a fair bit of money out of the series by now.

Sorry, I'm rambling. What was the topic again?

[jamesbrown]

That's ok then. He's dead (or is he?) and so it won't affect anyone else.

If we use the analogy of a cat in a box, it's going to escape through an unfathomably small gap and piss all over your soft furnishings.

[ladymuck]

What 'index' are they going to use when all the Purchasing Managers have been sacked because they are no longer needed?

Probably the one in the back of the Encyclopedia Britannica.

[ladymuck]

It's going to be Schrodinger's recession.

That's ok then. He's dead (or is he?) and so it won't affect anyone else.

[jamesbrown]

Phew. I was worried it was going to be a future recession.

It's going to be Schrodinger's recession.

[Old Greg]

Phew. I was worried it was going to be a future recession.

I was worried that it was a current recession.

[NotAllThere]

UK PMIs also fubared. Services at 12.3 vs. 29 expected/WAGed. It’s gonna be a historic recession...

Phew. I was worried it was going to be a future recession.

[DimPrawn]

ifo Business Climate Index Collapses (March 2020) | Facts | ifo Institute

Sentiment among German managers has become extraordinarily dire. The ifo Business Climate Index collapsed from 96.0 points (seasonally adjusted) in February to 86.1 points in March. This is the steepest fall ever recorded since German reunification and the lowest value since July 2009. Companies’ expectations in particular have darkened as never before. Assessments of the current situation have also worsened considerably. The German economy is in shock.

Cheer up you miserable bastards.

[Mordac]

PMI is Purchasing Managers Index. Scale of 0 to 100. Under 50 = bad, Over 50 = good.

Purchasing Managers' Index (PMI) Definition

What 'index' are they going to use when all the Purchasing Managers have been sacked because they are no longer needed?

[OwlHoot]

The final one means Thanks In Advance.

HTH

DOH! I knew that!

[DimPrawn]

Basically it's a survey looking forward, like in the coming quarter things will be booming or dooming.

It is usually a good leading indicator of GDP.

Based on this expect the World to end soon....

[ladymuck]

PMI is Purchasing Managers Index. Scale of 0 to 100. Under 50 = bad, Over 50 = good.

Purchasing Managers' Index (PMI) Definition

[Paralytic]

Fubared I understand, but can someone translate:

* PMI

* Services at 12.3 vs. 29

* WAG

TIA

The final one means Thanks In Advance.

HTH

[jamesbrown]

Fubared I understand, but can someone translate:

* PMI

* Services at 12.3 vs. 29

* WAG

TIA

Wild-ass guess.

The other stuff, well...

[OwlHoot]

UK PMIs also fubared. Services at 12.3 vs. 29 expected/WAGed. It’s gonna be a historic recession...

Fubared I understand, but can someone translate:

* PMI

* Services at 12.3 vs. 29

* WAG

TIA