We think this idea deserves a little more attention. It’s another reason to maybe not panic about the fall in the US ISM manufacturing reading earlier in the month.
From Josh Lehner at Oregon Economic Analysis (and a healthy hat-tip to Calculated Risk for pointing the way): Read more

1Bernanke weighs in on robot wars; brings Keynes for backup
2Pump up, debase
3Collateral crunch-counting gets sophisticated
4Further reading
5The risk of a Japanese VaR shock
Show more6In which the FTSE puts the crisis behind it
7A Kazakh muddle
8Apple Operations International, facts (?) du jour
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