Thursday, September 3, 2015

US Recession Looms Large, As Factory Orders Plunge 9th Month In A Row.........ANOTHER PESKY FACT!

US Recession Looms Large, As Factory Orders Plunge 9th Month In A Row

Year-over-year Factory Orders crashed 14.7% (thanks in large part to last year's Boeing order dropping out of the cycle). But even ex-Transports, New orders tumbled 0.6% in July and plunged 6.9% YoY. 

This is the 9th month in a row of YoY drops and is without doubt signalling an imminent US recession...




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