Working towards a full recovery

Claims of a stalled recovery from doomsayers such as Nouriel Roubini don’t add up when we examine US jobs growth.

PORTFOLIO POINT: The indicators suggest that, contrary to Roubini’s predictions of another big US downturn, economic growth is trending well and the recovery is on track.

Wall Street's Institute of Supply Management’s manufacturing index is one of the best leading indicators of economic activity in the market. So it matters when the index falls below 50 and stays there for a second consecutive month. 

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