The corporate green shoots data today would seem to indicate that it is. How can orders improve and yet jobs continue to be getting cut.
How many of the present job losses are readily being shipped to China.
Reuters: Oil, manufacturing data boosts Wall Street
...manufacturing data from key global economies pointed to improving economic conditions.
U.S. manufacturing was slightly stronger in June and up from May...
Crude oil futures climbed more than 1.6 percent back above $71 per barrel...
2 comments:
Green shoots where? China? India? Korea? Taiwan? ... Sure as hell not Ohio or NJ or Calif. These people cook the books I don't believe anything coming from any MSM source anymore.
I'm not understanding how we are getting into a recovery and job losses are still hemorrhaging. I have to bone up on that one.
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