The dramatic recovery in European equity markets over recent weeks perhaps suggests the worst of the...
The dramatic recovery in European equity markets over recent weeks perhaps suggests the worst of the economic slowdown is over. The bulls would have us believe the worst is potentially behind us and we can now look forward to a period of sustained growth as economies pull back from the brink. Closely watched macro-economic numbers such as the ISM Manufacturing Purchasing Managers Index in the US have showed tentative signs of recovery giving credence to the 'green shoots' theory. I believe there are a number of reasons for extreme caution when interpreting these events. Take the ISM. ...
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