Global Double Dip Recession 2012
In yet another indication that the European double dip recession of 2011 is going global and becoming a global double dip recession 2012, JP Morgan's Global Manufacturing PMI slid further below the break-even level of 50 last month, with some European and Asian nations experiencing their worst monthly contractions ( Read more... )

A GDP-weighted global manufacturing index has gone negative for the first time since about the end of the last global recession (2008-09).

Readings above 50 indicate month-on-month growth, below 50 - month-on-month contraction, while a reading right at 50 suggests no change, stagnation.  Generally, a given country's manufacturing index reading of ( Read more... )

The Economic Times
Global manufacturing shrinks for first time since 2009

WASHINGTON/LONDON: Global manufacturing shrank for the first time in over two years in September, reinforcing fears of another recession despite a modest bounce in U.S. factory activity...

In Europe and Asia, factory activity dropped in September to levels not seen since the ( Read more... )

From Econoday.comReleased on 8/29/2011 10:30:00 AM For Aug, 2011 Prior,        Consensus,             Consensus  Range,          Actual Bus Activity Index  -2.0,       -6.0,      -15.0 to -4.0,             -11.4Highlights Manufacturing activity in Texas contracted in August, according to the general business activity index which dropped to minus 11 ( Read more... )

In July:Prieur du Plessis
July Global PMI Roundup: Manufacturing Tanks

Growth in the global manufacturing industry tanked in July. My GDP-weighted manufacturing PMI for the major economies sank for the fifth consecutive month to 50.9 from 52.8 in June. The manufacturing sectors in only four out of 20 countries are showing faster growth, while ( Read more... )

In addition to an outright double dip recession in housing, US manufacturing looks as if it may very well now be contracting again. Regional manufacturing surveys from the New York and Philly regions confirm other reports of a broad reversal of fortune underway in manufacturing here in the US, specifically, as well as all around the world.

( Read more... )

Earlier today while catching a bit of Fast Money on CNBC, an observation was made that for "the rest of us" really comes as no big newsflash, but apparently is a shocker to many of those living in Wall Street (Said with regard to US retail sales):

"I think it's high-end or nowhere right now"

CNBC

Fears Grow Over Double-Dip RecessionOne fund ( Read more... )

Description:
The Institute for Supply Management™ Manufacturing and Non-Manufacturing Report on Business®

The Institute for Supply Management™ ISM Manufacturing Report On Business® is considered by many economists to be the most reliable near-term economic barometer available. Except for a four-year interruption during World War ( Read more... )

While much pain and suffering left in the wake of the Great Recession remains, the economy continues to mend. US Gross Domestic Product, after having slowed down during the spring and summer of this year, is back on a tear, and the risk of a technical double dip recession is now over; any further downturn would be considered a completely separate ( Read more... )

While no longer flashing as much red as they were over the summer, leading indicators still suggest that the economy remains in a soft spot, and may be especially vulnerable to any new shocks.

Here are a few leading indexes worth keeping in mind

From Cullen Roche (Posted in Seeking Alpha)
 The U.S. Economy Is Weaker Than You Think - Goldman Sachs

( Read more... )