Thursday, August 23, 2012

Europe Eat Your Hearts Out! It Couldn't Be More Clear That The US Economy Is Now The Envy Of The World

With this fresh batch of Flash PMI numbers, it couldn't be more clear that the US economy is the strongest in the world, the businessinsider writes.

The Chinese Flash PMI fell to a 9-month low. Germany's Flash PMI came in at 45.1. That's a bit above the previous month, but still well below 50, meaning its in contraction.

The US on the other hand rose from 51.4 to 51.9, and lots of the internal numbers were good, including New Orders.  That's consistent with other data, which shows the US economy improving over the last month and a half. Included in that is solid housing data, improving initial claims, and a bounce-back in retail sales….

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