Daily: What manufacturing data say about the economy

This is the first of a few daily links posts. Here I want to concentrate on the economy in light of the manufacturing data released earlier today. I was on BNN today for the headline show at 12:30 and I said pretty much the same thing I will say here, that the uS is doing well on a relative basis. And this owes not as much to easy monetary policy because the ECB has been almost as easy as the Fed. Really, the dichotomy has been about fiscal.
In the eurozone, austerity has sucked money out of th...


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