American Gloom Is Not the Gloomiest

New chart from McKinsey global economic sentiment survey showing that North America, surprisingly enough, is actually among the less gloomy places on the globe with respect to thinking that the economy will weaken further from here. Maybe that shouldn't have surprised me, but it did.

Comments

[bobbobwhite:]

Without proof of any kind, are we to take from this chart that India would be a better place to invest over the next few months than anyplace else?

Chart is too basic and unsubstantiated (except the for origin) to be credible.

2008 Dec 03 11:40 AM

[speculari:]

No comment!

2008 Dec 03 02:06 PM

[Mowog:]

Japanese are loving the currently powerful yen and buying lots of forex because they expect the yen (and their economy) crash once the US starts to recover late next year. There are two online forex trading companies advertising on TV. The currency exchange desks in banks that allow it are busy, some with queues. Converting once-again-muscular foreign currencies into re-wimpified JPY is widlley expected to be profitable here. Business sentiment in Japan is way down, part-timers are being cut, and the standard year-end salary bonus is under fire.

2008 Dec 03 10:48 PM