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NO SIGNS OF GLOBAL RELIEF

12 March 2009 by Cullen Roche 0 Comments

Global PMI remains depressed despite signs that we are beginning to see a trough in some segments of the economy. I continue to think we are looking at a prolonged recovery when it begins.  The v-shaped recovery is off the table now.  The issues around the globe are too large and too deep to overcome in a short period of time.

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