More about zerohedge’s silly lies.
"Readers may recall that in our commentary to yesterday’s Chicago PMI disappointment we had a simple prediction ‘What this means for the ISM is not exactly clear due to the long-running tradition of baffle with BS, but on the surface it is hardly optimistic… which likely means ISM will explode higher.’ Sure enough, to no surprise at all, it just did with the headline ISM manufacturing print for July exploding from 50.9, trouncing expectations of 52.0 with the biggest beat in two years, and hitting 55.4. … One just has to laugh at the Chinazation of US economic data."
And here is a 1 year chart of the Chicago ISM vs the National Composite ISM.
I’ll translate it for you. The two indices track pretty well but not exactly. Why? Because the Chicago ISM is a regional index! It does not track the overall national economy 100%. This is obvious to anyone with even average intelligence.
But to zerohedge, any deviation from a perfect match is proof positive of conspiracy. Or as they put it, and their muppet readers to gleefully parrot, a “schrodinger economy” or a “china data manipulation.”
Truly in this life there are no suckers more gullible than conspiracy theorist suckers.