Friday, August 21, 2015

Empire Fed Collapses To Six Year Lows As New Orders Signal Recession Imminent....ANOTHER PESKY FACT!

Empire Fed Collapses To Six Year Lows As New Orders Signal Recession Imminent

The Empire Fed Manufacturing Survey just collapsed to -14.92 (from 3.86) missing expectations of 4.50 by the biggest margin since 2010. Across the board it was a bloodbath with New Orders crashing, inventories plunging and employment lower (with both workweek and number of employees falling). The headline data would have been worse were it not for the concurrent spike in 'hope' - highest since April.

It's not just one minor problem or threat the economy is up against. It's several converging at one time. That's why this Empire index reading is worth paying attention to. IF it's a harbinger of what's to come from bigger, more widely followed reports, the stock market could be in for even rougher sledding.

EMPIRE STATE FACTORY INDEX FALLS TO LOWEST SINCE APRIL 2009



As New Orders Flash Recessionary signals...



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