A quick note on Russia. We've been saying that it's time to pay more attention again to the country's economic troubles. The Ruble has been getting smoked lately, and the country is suffering from many of the same forces that are dragging down other emerging markets. To that end, the latest PMI report from Russia is very poor looking. From the report: The survey’s headline figure is the HSBC Purchasing Managers’ Index™ (PMI) – a composite indicator designed to give a single-figure snapsh...
A quick note on Russia. We've been saying that it's time to pay more attention again to the country's economic troubles. The Ruble has been getting smoked lately, and the country is suffering from many of the same forces that are dragging down other emerging markets. To that end, the latest PMI report from Russia is very poor looking. From the report: The survey’s headline figure is the HSBC Purchasing Managers’ Index™ (PMI) – a composite indicator designed to give a single-figure snapsh...
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