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

To: RetiredNow who wrote (128408)	12/4/2012 12:42:41 PM
From: tejek	Read Replies (1) \| Respond to of 149317

Yes, I did. Manufacturing is recovering in the BRICs, but not in the developed world. Why? ------------- U.S. Manufacturing Index Plunges to 3 Year Low … While Manufacturing Rises in the BRICS Demand is always greatest and most elastic for small, simpler products which is what the BRICs produce. No surprise there. An optimist will tell me that at 50.6 China’s manufacturing PMI is at its highest level since April, a pessimist will point out that it’s barely above 50. But the ‘tail risk’ of an imminent hard landing for the Chinese economy is fading, just as the conclusion of the latest Greek drama means that risk of a return to full-blown Euro Zone crisis is fading. So, two of three major risks are reduced, leaving only the dreaded ‘fiscal cliff’ to worry about. There is a very good chance we will avoid the worse case scenario.........your recession.