I pointed out in my post on April 3rd how CFLP Mfg PMI has topped out in March or April in four out of the last five years. It looks like this year will not be an exception.
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| click on chart to enlarge |
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| click on chart to enlarge |
Saturday, September 1, 2012
China Mfg PMI In Contraction
On Friday night, after Fed Printer-in-chief gave us another QE hint, we received one more warning about China's economic slowdown. CFLP Mfg PMI is in contraction for the first time since Nov of 2011.
I pointed out in my post on April 3rd how CFLP Mfg PMI has topped out in March or April in four out of the last five years. It looks like this year will not be an exception.
You can see how Shanghai Composite and FXI follow China Mfg PMI very closely. Chinese stocks are breaking down.
I really think that China's economic slowdown is going to pose more threat to U.S. economy and stock market than many expect.
I pointed out in my post on April 3rd how CFLP Mfg PMI has topped out in March or April in four out of the last five years. It looks like this year will not be an exception.
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