Relevant:
- ISM in Wonderland Media Reporting Versus Reality--Which Do You Prefer?
- Another Disappointing Retail Sales Report
- IMF downgrades global growth as fears about Europe and Russia overshadow oil windfall
- Global manufacturing slows as euro crisis dents demand
- More Little Lies and Big Spin- Gains or Blips?
2012-04-03 — wallstreetexaminer.com
The big economic news story on Monday was the ISM Purchasing Managers Index. The headline number was only mildly positive, but it was enough so that Bloomberg was beside itself with joy. "Manufacturing in the U.S. expanded at a faster pace in March, driven by gains in employment and production that signal the world's biggest economy is underpinning global growth." Can you feel it? Underpinning global growth! The US, engine of the world!
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