Turd polishing pic at the ready. Actually, to be fair, Nieves isn't usually as bad as Holcomb

  • Inventories are still too high
  • Respondents see less demand from Asia and Europe
  • Prior month's levels were very strong
  • Such strong growth was unsustainable
  • November still showed a decent rate of growth

Pretty straight forward really. Not sure if he's finished but the headlines have stopped dropping so I'm moving on

For a laugh, here's what Holcomb said about the manufacturing ISM on Tuesday