Submitted by Tyler Durden on 11/02/2011 - 12:03 Markit
We have discussed the 'field-of-dreams'-like dreamscape that manufacturers have been living in for the last year at length as 'if-we-build-it' inventories are stacked to the ceiling relative to sales. Today's Global PMI data from Markit Economics provides confirming evidence that the miracle of self-fulfilling exporting is rapidly coming to an end. From their report:
"Conditions in the global manufacturing sector remain broadly stagnant in October. Levels of production & new orders fell slightly over the month, while new export orders declined at the quickest pace for almost two-and-a-half years."
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http://www.zerohedge.com/news/export-miracle-over
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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