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Global Manufacturing Collapses To Worst Levels Since Mid-2009, Markets "Shrug It Off"

By: capt_nemo in WRGO | Recommend this post (0)
Mon, 01 Aug 11 5:41 PM | 18 view(s)
Boardmark this board | Reality news,,,,,,,,

Msg. 00744 of 18626
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Of course,,,,,,,,,,,,,,,,,,,,,,,

Submitted by Tyler Durden on 08/01/2011 07:02 -0400

* Chicago PMI
* China
* Debt Ceiling
* default
* Germany
* Global Economy
* Greece
* Gross Domestic Product
* India
* Ireland
* Lloyds
* Monetary Policy
* None
* Recession
* recovery
* Reuters
* TARP
* United Kingdom

News from last night out of China, coupled with early morning news from Europe confirmed what many speculated: namely that global manufacturing is now in a toxic spiral and absent another stimulus kick from various monetary and fiscal authorities there is no catalyst on the horizon to put the global economy into second gear. As Reuters observes, factories in Asia and Europe all but stagnated in July, according to business surveys that showed the weakest rates of growth since major industrial powers were struggling through the 2009 recession. While stock markets rose on signs of a last minute solution that would

http://www.zerohedge.com/news/global-manufacturing-collapses-worst-levels-mid-2009-markets-shrug-it?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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