Sunday, November 3, 2013

Abenomics in action

A roaring Japanese recovery.  If they can actually carry out the serious micro-economic reforms necessary, the growth will continue.

Just a reminder: this index is a diffusion index -- 50 represents the point at which negative and positive responses are exactly equal, while an index level greater than 50 indicates an expanding economy, one below 50 a contracting one.

Modest China rebound continues

The HSBC PMI rose again; industrial production has clearly bottomed. Doesn't mean China is going back to previous 15% plus IP growth rates, but does mean that there isn't going to be a "hard landing".