Hard landing? Soft landing?
It’s the 12th consecutive month of reading below 50 but some genuine optimism about a Chinese rebound is creeping in. There is talk that they have ‘stuck’ the landing.
The combination a pickup in Chinese growth, solving the US fiscal cliff stupidity and sorting out Europe could make 2013 an incredible year. Heck, two out of three would probably do the trick.
It’s a lot to ask after a bloodbath in the stock market today but I see things getting better, not worse.
