Actually not really, but all one can do is laugh since in some centrally planned parallel universe, the entire world entering manufacturing contraction translates into a 4 year (and just shy of all time) stock market high...
Who needs stuff when one has paper. David Rosenberg's explanation:
Note that 13 of the 16 countries under our radar screen have reported their August PMI/ISMs and 100% of them showed contracting manufacturing activity in Augus - that is up from 75% in July and 73% in June. Yet again, the last time we saw a 100% dispersion in terms of a turndown in the global industrial sector was back in February 2009.
No worries: the academics running the world have it all under control.
To summarize: the central planning and market manipulation will continue in the face of the global depression until everyone who has not been assimilated into the post-Madoff Borg ponzi collective gives in, and morale that equities are the best investment since sliced bolts made in 1954 Stalingrad, returns.