Growing weakness in US Manufacturing:Local max at November-December 2014 is now being eroded.
Russian Services PMI (Markit and HSBC) came in with a slight improvement in March
Given that even the Irish Stuffbrokers are starting to wake up to the ongoing slowdown in the US economic growth (yet to smell the traces of the global slowdown next), here is a chart worth contemplating:Explaining the above, the authors, Markit say: t…
Markit released Manufacturing PMI for India, so here is a full update on
Ever since the October 2009 when the Greek Government finally faced up to the bond market pressures and admitted that its predecessor has falsified the national accounts, the euro area has been unable to shake off its sovereign debt crisis.
Summary of BRIC economies Business Outlooks for 12 months ahead, via Markit:
Russian Manufacturing PMI (Markit & HSBC) for March came in with new disappointment: the indicator slipped to 48.1 from 49.7 in February. This marks the second lowest reading in the series since June 2009 (the lowest reading since June 2009 was rec…
That economic recovery in the U.S. – the engine for growth in far away places, like Ireland, the hope of the IMF, the beacon of the dream that debt stimulus is a fine way to repair structurally weakened (let alone devastated – as in the Euro area) econ…
In the previous post I shared my view of the QE. Here is the best, most succinct summary of the effectiveness of the ‘most effective’ of all recent QEs: the US example via @Convertbond:Nails it.
ECB’s QE programme launched this month is targeting wrong policy and likely to fuel an already massive bubble in stocks and bonds.