Here is some positive indications for those of us on Elite who deal on a Global Scale.
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"The Shanghai Composite Index closed at a three-month high and the Bombay Stock Exchange's Sensitive Index, India's benchmark stock index, rose to a 30-month high, noted Peter Boockvar, an equity strategist at Miller Tabak.
"The US market response to the data is clearly very US specific now," said Boockvar. "There are some signs that the global recovery is happening, but much more in the US in fits and starts and much more clearly outside of the US."
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Since I started dealing with the "Global" freight Forwarding and Manufacturing Sectors...I have found a much more positive outlook from their end. Even in Greece. However, they are still aware of Risk and have lowered their Lines of Credit to each other.
Most wish America the best but they also tell me, that their business isn't suffering to the extent of making them worry on their US front. It has slowed down, but no big deal, they have seen it before.
The rest of the world has delt with High unemployment numbers for decades. The news coming out of the US does not really concern them on the Unemployment numbers or consumers spending. Asia is picking up fast and so is Latin America.
If I were to read between the lines, I would say they are saying, welcome to the club of high unemployment and class seperation. Deal with it. In other words, you have now been introduce to Socialism in a Ad HOC manner by your politicians....go make money and not fall into poverty.
But that is my take, from what many of my clients are telling me.
