Not all of the engine's leaps of logic hit the mark, however.

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Its index will likely hit new lows in the second half of the year, Radar Logic says.

FORBES

That logic seemed to work in January 2001 when the ratio hit a high of 0.97, suggesting that investors thought the index was ready to take off.

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Protectionist scares aside, the commercial logic behind the outsourcing trend is such that it seems more likely to accelerate than hit a speed-bump.

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