The Facts Say Otherwise
Key gauges of manufacturing activity in three major economies — the eurozone, China, and Japan — have, for six months or more, been below the levels that prevailed at the start of the 2007 recession. While the U.S. counterpart remains modestly above where it was four years ago, it has recently faltered, hitting it’s lowest [...]
Key gauges of manufacturing activity in three major economies — the eurozone, China, and Japan — have, for six months or more, been below the levels that prevailed at the start of the 2007 recession. While the U.S. counterpart remains modestly above where it was four years ago, it has recently faltered, hitting it’s lowest level in three months.
Taken together, these widely-regarded indicators suggest that the path of least resistance for the global economy is down.
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