{"id":16128,"date":"2016-01-07T11:19:59","date_gmt":"2016-01-07T16:19:59","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16128"},"modified":"2016-01-07T11:19:59","modified_gmt":"2016-01-07T16:19:59","slug":"canada-pmi-crashes-into-contraction","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16128","title":{"rendered":"Canada PMI Crashes Into Contraction"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2016-01-07\/canada-pmi-crashes-contraction\" target=\"_blank\">Canada PMI Crashes Into Contraction<\/a><\/h3>\n<div class=\"tabs\">\n<div class=\"js-links\">\n<div class=\"js-l1\">\n<div id=\"fb-root\" class=\" fb_reset\">\n<div>Canada&#8217;s Ivey Purchasing Managers Index collapsed from an exuberant and simply unbelievable 63.6 in November to a\u00a0<strong>contractionary 49.9 in December &#8211; one of the biggest MoM drops on record and biggest misses on record<\/strong>. On a seasonally-unadjusted basis, this is the weakest print in at least 2 years.\u00a0<strong>From the best data since February 2012 to the worst since February 2015<\/strong>\u00a0seems to expose these soft-surveys as practically useless.\u00a0<em><strong>The huge drop in Inventories suggests a major drag on GDP and an extension of Canada&#8217;s recession.<\/strong><\/em><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"content\">\n<p>From First to Worst!!<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01\/20160107_cA.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01\/20160107_cA_0.jpg\" alt=\"\" \/><\/a><\/p>\n<p>Unadjusted, this is the weakest data in at least 2 years&#8230;<\/p>\n<p><a href=\"http:\/\/iveypmi.uwo.ca\/\"><img decoding=\"async\" src=\"https:\/\/apps.ivey.ca\/IPMINet\/FixedGraph.aspx?indx=1&amp;fr=false&amp;24m=false&amp;12m=false&amp;6m=false&amp;3m=false&amp;dpv=True\" alt=\"Ivey Purchasing Managers Index\" \/><\/a><\/p>\n<p>Moar recession? But for America, low oil prices are &#8220;unequivocally good&#8221; still right?<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Canada PMI Crashes Into Contraction Canada&#8217;s Ivey Purchasing Managers Index collapsed from an exuberant and simply unbelievable 63.6 in November to a\u00a0contractionary 49.9 in December &#8211; one of the biggest MoM drops on record and biggest misses on record. On a seasonally-unadjusted basis, this is the weakest print in at least 2 years.\u00a0From the best [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[103,2783,1264,4318],"class_list":["post-16128","post","type-post","status-publish","format-standard","hentry","category-economics","tag-canada","tag-pmi","tag-recession","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16128"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16128\/revisions"}],"predecessor-version":[{"id":16129,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16128\/revisions\/16129"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}