I don't know how I missed this ... via Bloomberg:

If you want to understand what's happening with the global economy right now, then all you need to do is look at some of the data that came out in the last 24 hours.

As it stands, there are two, big opposing trends in the world economy. The first is that much of the world, particularly China and the emerging markets, is currently in slowdown mode. The other is that the U.S. domestic economy, particularly the consumer, is a beast.

I love it!

Bloomberg elaborate on the China & Em slowdown story, PMIs etc.

And then they look at US auto sales ... a big ticket item that trounced expectations

More at the story, here