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Despite consensus readings of the latest PMI data as signaling a revival of demand, we believe stronger-than-expected numbers are driven by capital restocking, not consumer spending.
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The indicators are designed to provide early signals of turning points between the expansion and slowdown of economic activity, and are based on a wide variety of data series that have a history of signaling changes in economic activity.
WSJ: OECD Sees India Lagging Other Major Economies
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The new data indicate that leukotrienes, immune-system-signaling molecules previously thought to play a crucial role only in asthma, are also overabundant inside diseased arteries.
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After analyzing the data, the Wake Forest Baptist researchers identified the cell signaling pathway by which epinephrine, a hormone also known as adrenaline, sets off the cellular chain reaction that controls cell death.
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Furthermore, recent data suggests that IRAK4 inhibition synergizes with inhibition of other B-cell receptor signaling pathways, like BTK ( here).
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