Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Friday, February 7, 2014

PMI indicator has modest fall

This is my weighted average of US, China, Japan and Europe PMI/ISM, indicators which are private sector surveys of manufacturing conditions in these countries (Europe is a composite of several European countries)

A minor blip in January, prolly caused by the big freeze in the US.

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