China continues to grow (according to them, ahem):
How reliable are their figures? I wish I had more time to delve into that, as I'm kind of busy. At least China stimulated something important - manufacturing - whereas the U.S. stimulates transfer payments from one constituency to another. China also wants other stimulators to keep stimulating into infinity. So much for the de-coupling of emerging markets from the developed world.
Nota bene: Anthony J. Alfidi is long FXI (with covered calls) at the time this post was published.
The Purchasing Managers’ Index rose to a seasonally adjusted 55.2 in October from 54.3 in September, the Federation of Logistics and Purchasing said today in an e-mailed statement in Beijing. An index of export orders climbed to 54.5 from 53.3.
How reliable are their figures? I wish I had more time to delve into that, as I'm kind of busy. At least China stimulated something important - manufacturing - whereas the U.S. stimulates transfer payments from one constituency to another. China also wants other stimulators to keep stimulating into infinity. So much for the de-coupling of emerging markets from the developed world.
Nota bene: Anthony J. Alfidi is long FXI (with covered calls) at the time this post was published.
