DailyMarkets.com - Charles Nenner And Harry Dent Jr 2012 Cycle Bears – Part Eight

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Charles Nenner And Harry Dent Jr 2012 Cycle Bears – Part Eight Posted: 03 Dec 2011 09:04 PM PST The ‘Purchasing manufacturing index’ (PMI) is highly correlated to GDP. So what does a chart say when all the major manufacturing nations (but the USA) PMI are under 50 (or recessionary). Source: China Services PMI Crashes As US Lags Not Decouples We agree with David Rosenberg (ref link above) the USA is lagging, and the world is on the brink of a full on recession, early 2012 will be very interesting. The evidence for Harry Dent thesis is growing and growing. We feel that there is a ‘see … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Thailand Drops Rate 25bps To 3.25% Posted: 03 Dec 2011 07:52 PM PST The Bank of Thailand reduced its benchmark 1-day bond repurchase rate by 25 basis points to 3.25% from 3.50%.  Bank of Thailand Assistant Governor, Mr. Paiboon Kittisrikangwan, said: “The MPC assessed that the risk of a global economic slowdown has increased while consumer and business confidence remained weak. With upside inflation risks expected to be limited, the current accommodative monetary policy can provide further support to economic restoration and investment. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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