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China PMI Plunges Most In 28 Months, Reverts To HSBC's Reality

By: capt_nemo in ROUND | Recommend this post (0)
Fri, 01 Jun 12 7:40 AM | 44 view(s)
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Submitted by Tyler Durden on 05/31/2012 - 21:11 China fixed Reality

Color us not stunned at all. China's Manufacturing PMI finally reverted to the reality that HSBC's Manufacturing PMI has been arguing for and fell for the first time in six months. The drop is the largest since February 2010. While still above 50 (though the lowest level of expansion in five months), or 50.4 technically, down from 53.4, and missing expectations of 52.0, it seems another engine of global growth just sputtered finally - as the real impact of a European depression and fiscally challenged US hit home.

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http://www.zerohedge.com/news/china-pmi-plunges-most-28-months-reverts-hsbcs-reality

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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