latest batch of global manufacturing data is helping to confirm a shift in conventional wisdom that's been brewing over the last couple of weeks.
before, the thinking was that the US economy was the lone pillar of
strength in a world that was seeing declines in Europe and China, the
new thinking is that Europe and China are starting to turn the corner,
and that the US is just starting to hit its slowdown. Today's
manufacturing and trade data from Asia confirm the idea that Asia is