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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (106794)	1/4/2012 1:45:53 AM
From: tejek	Respond to of 149317

It's all in the headline. They said China Manufacturing Shows Resilience and then they go on to quote the China PMI at 50.3, up from 49 in Nov. What resilience? A reading below 50 is CONTRACTIONARY. 50.3 is barely treading water. I wouldn't call that resilience. Two things.......I believe the Chinese PMI went down as low as 47+ recently and Chinese central bank has been putting the brakes on the Chinese economy for nearly a year. That's why they refer to the Chinese economy as resilient. Its not newspeak.....its the reality.