China PMI Now Disappears

By |2014-09-30T11:46:37-04:00September 30th, 2014|Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

There are major problems with PMI’s as anything like a useful indicator of anything actually useful. However, what has taken place recently particularly with regard to the Chinese version is outright silly, obtuse or intentionally misleading. Only one week ago, the HSBC and Markit "flash" PMI for China manufacturing rose from 50.2 to 50.5. The headline of the Bloomberg article [...]