US Manufacturing PMI: Evidence that growth in the US is slowing, if not stalling

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As expected, the ISM Manufacturing PMI for the US slowed from 56.2 in June to 55.5 in July. The number is rather flattering … […]






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Marc Faber: “The bad news is essentially out”

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In this video clip, Marc Faber, author of the Gloom, Boom & Doom Report, discusses the stock market, China’s economy and interest-rate policy. […]






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Emerging economies: Manufacturing PMIs mixed

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Although the Markit Manufacturing PMIs for emerging economies generally point to growth slowing in the manufacturing industries in the respective countries, these economies are still in expansion mode. […]






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Rosenberg: U.S. economy in “modern-day depression”

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“The economy is in the process of slowing down,” said David Rosenberg. “Whether or not we have a ‘double-dip’, it’s going to be some pretty tough slogging as far as the overall economic backdrop.” […]






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Manufacturing in euro zone on the roll

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The Euro Zone Manufacturing PMI of 56.7% for July released by Markit yesterday was even better than the earlier flash estimate of 56.5% − a number that surprised on the upside. Despite all the gloom and doom about the prospects for the euro zone, growth of both manufacturing production and new orders accelerated to the fastest growth since April while employment rose at its fastest rate in 26 months. […]






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Modern communism …

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What would the U.S. Treasury have done without the “modern communists”? […]






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