by John Galt
December 01, 2014 19:45 ET
Despite the propaganda about how wonderful the US PMI and manufacturing indicators was, is, etc., as highlighted by ZeroHedge in the article linked below:
the reality is that Russia, not CHINA, but Russia had a sudden surge in manufacturing activity according to this article from Reuters:
(Reuters) – Russian manufacturing activity grew in November at the fastest pace in just over a year, with output supported by domestic demand, a survey showed on Monday.
But export orders fell due to Western sanctions and inflationary pressures rose as a result of the weakening of the rouble.
The HSBC purchasing managers’ index for the manufacturing sector, which accounts for about 16 percent of the economy, rose to 51.7 from 50.3 in October, moving further above the 50.0 mark denoting expansion. It was the highest reading since October 2013.
Wait a minute! The United States propaganda machine told the world in concert with the European Union that the sanctions against Russian caviar and other items emerging from behind the Putin Curtain would cause their economy to collapse! Yet the United States, Europe, and China have all experienced declines, albeit minor, in their recent PMI reports and not Russia. Me thinkst the West dost protest too much and place way too much self importance on their sanctions programs.
Besides, with the French holding up delivery of the two Mistral helicopter aircraft carriers, I’m sure the Poles and Germans are proud to have taken a stand to reduce Russian economic activity.
As they freeze to death this winter when the natural gas mysteriously has been cut off.