Relevant:
- Tail Wags Dog Theory Blows Up
- China Caixin manufacturing PMI contracts in April
- China PMI Lowest Since February 2009, on Verge of Contraction; 18-Month Low in Europe; US ISM Unexpectedly Rises; US an Outlier?
- ISM Non-Manufacturing Index Shows Contraction
- China's Manufacturing Contracts for Second Month
2012-05-02 — globaleconomicanalysis.blogspot.it
China manufacturing is reported to be in contraction and expansion simultaneously. The Chinese government reports expansion. The HBSC PMI says China is in contraction for the 6th consecutive month.
Obviously this is impossible, so the question is "who to believe?"
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