Clik here to view.
Taiwanese PMI Falls to 50.5, Rates Of Expansion Decelerating
Taiwan's May PMI fell to 50.5, down from 51.2 a month ago. Key points: PMI at 50.5 in May, closer to stagnation but still signalling expansion Growth of output and new orders maintained, but slowdown...
View ArticleClik here to view.
WEAK AGAIN: China's HSBC PMI Falls To 48.4, 'Employment Down At Fastest Rate...
UPDATEAnother weak number out of China. The HSBC PMI number fell to 48.4, down from 49.3 in April. The number also fell short of the Flash/preliminary number of 48.7. From Markit: May data signalled a...
View ArticleClik here to view.
The Other Slowdown Is Here
In light of tonight's Chinese PMI reports (official, HSBC), the weak South Korean PMI report, the weak Taiwanese PMI report, and so on, it's worth hitting on an important meme of the day... The BRICS...
View ArticleClik here to view.
India's Got A Lot Of Problems
India's economy grew at a mere 5.3 percent rate in the quarter ending March. For those in doubt of a deepening economic slowdown in the country, that's a seven year-low. The economy grew 6.5 percent in...
View ArticleClik here to view.
Russia's Manufacturing PMI Climbs To 53.2, New Order Growth Accelerates To...
Russia's May manufacturing PMI climbed to 53.2 from 52.9 in April. Key points: New business expansion fastest since March 2011 Growth of output and employment maintained Input price inflation at...
View ArticleClik here to view.
India's Manufacturing PMI Basically Flat At 54.8, Substantial Increase In New...
India's May manufacturing PMI came in at 54.8, basically unchanged from 54.9 in April. But don't forget: a reading above 50 indicates expansion in the sector. Key points: Further substantial increase...
View ArticleClik here to view.
LIVE: THOUSANDS OF COMPANIES AROUND THE WORLD REVEAL THE TRUTH ABOUT THE...
We are in the middle of the busiest 48 hours in the history of economics. And ahead of tomorrow's big US employment situation report, we're getting tons of leading economic data from all over the...
View ArticleClik here to view.
Ireland Manufacturing PMI Climbs To 51.2, Job Creation Accelerates
Ireland's May manufacturing PMI climbed to 51.2 from 50.1 in April. "The most surprising aspect of the report was the fact that employment expanded for the third month in a row (54.4), signifying that...
View ArticleClik here to view.
Stop Believing What These 'Experts' Say About Greece
Three months ago I made fun of an ABC News report about the stock market. The occasion back then was the rise in the Dow Jones above 13,000. ABC has a panel of thirteen “experts.” All thirteen were in...
View ArticleClik here to view.
Berlusconi Says His Idea For Italy To Dump The Euro Was A 'Joke'
ROME (Reuters) - Former Premier Silvio Berlusconi said on Saturday he was only joking when he suggested that Italy should dump the euro unless the European Central Bank agreed to inject more cash into...
View ArticleClik here to view.
CHART: This Is For Anyone Who Says That The Euro Disaster Is The New...
Earlier we were complaining about the number of people who were arguing that the European disaster was effectively a new round of quantitative easing, since the panic has driven rates lower, and...
View ArticleClik here to view.
Here's The Chart That Will Get Obama Fired...
Friday's lousy jobs report was a big blow to President Obama's reelection campaign. One of the single biggest factors in a President's reelection chances is the direction of the unemployment rate and...
View ArticleClik here to view.
Obama Is Cratering
Thanks to Justin Wolfers and David Leonhardt for the heads up: Obama is cratering on InTrade. Apparently he hit 53% at some point though now he's around 54%. Just a few days ago, he was still around...
View ArticleClik here to view.
A Bear Market In God
We're still digging into the huge pile of economic data that was released last week and wanted to pluck out this chart. It's construction spending on religious institutions going back over the last 10...
View ArticleClik here to view.
In A Brilliant New Speech, George Soros Reveals The Exact Moment That Angela...
George Soros delivered a speech today in Trento, Italy today on the Eurozone crisis and it's an absolute dynamo. You really ought to read the whole speech, which is on his personal webpage, as it...
View ArticleClik here to view.
Friday's US Jobs Report Is So Stunningly Bad It's A Danger To The Global Economy
WASHINGTON (AP) — Another bad month for the U.S. job market is lengthening the list of perils facing the global economy. American employers added only 69,000 jobs in May, the fewest in a year and not...
View ArticleClik here to view.
These Are The Reasons US Companies Are Terrified Of Hiring Right Now
NEW YORK (AP) — Business has picked up. Yet American companies are too nervous to step up hiring. The economy seems so gripped by uncertainties that many employers have decided to manage with the staff...
View ArticleClik here to view.
Don't Mean To Be Alarmist, But The TV Business May Be Starting To Collapse
In the first decade of the commercial Internet--the 1990s and early 2000s--there were frequent murmurings that newspapers were screwed. The digital audience didn't read newspapers, people pointed out....
View ArticleClik here to view.
A Complete Roundup Of A Crucial Week Of Economic Data
There was a slew of monthly and other data this past week. In the rear view mirror, Q1 GDP was revised down slightly from 2.2% to 1.9%. On the other hand, Q1 GDI, thought by many to be a more...
View ArticleClik here to view.
The 20 Most Miserable Countries In The World
As the Greek economy deteriorates further, the country's people have grown despondent over a lack of leadership and failed austerity measures. But on a list of the most miserable countries in the...
View Article