When the facts change I change my mind, what do you do sir
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World factory orders flash warning signals despite booming markets
A rash of weak manufacturing data from America, Europe and Asia has cast serious doubts on the strength of the global economy and was starkly at odds with surging stock markets in the West. Markit’s PMI factory index for the US suffered the biggest one-month fall in almost three years as the most sudden fiscal tightening since 1946 starts to bite. While the gauge remains above the expansion line 50 at 53.6, there was a sharp drop in new order growth and an ominous rise in inventories. “The picture has already begun to darken again. The fall raises concerns that the manufacturing expansion is losing momentum ... (full story)
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- Pip Anon
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- Pip Anon
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When the facts change I change my mind, what do you do sir
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- Pair-me-up
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Luck has no place in trading. Leave that for the poker table.
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- Pip Anon
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When the facts change I change my mind, what do you do sir