“The problems of the advanced economies, particularly the euro zone, are being spread around the world,” said Andrew Kenningham, senior global economist at Capital Economics, a London-based consulting group. “Everybody is being dragged down.”
Let’s see, guess we can start with China, Japan, S.Korea, Taiwan, and end with Australia. One big domino effect.
This just in: Indonesia HSBC September manufacturing PMI falls to 50.5, from 51.6 in August. Well at least its over the magical 50 mark. A few more PMI’s coming out today, with all expected to be sub-50.
