Short commentary today because I think the articles and data below speak for themselves. I have a ton of data from various economies around the world: the US, UK, Germany, Indonesia, Australia, South Korea, Mexico and more. And the data prints here are mixed. You have countries like Ireland with good ISM manufacturing data, telling us their economy is on the mend. But then you have very poor readings from Japan and Australia, making one concerned about how robust growth in Asia will be. Germany seems to be trending down, especially regarding unemployment.
My overall view is that the global growth slowdown is continuing but at a less rapid clip downward. I continue to believe that the fiscal cliff outcome in the US will be the catalyst that turns these issues into either a mid-cycle correc...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.