For the 13th month in a row, The Dallas Fed Manufacturing Outlook was contractionary with a stunning -34.6 print following December's already disastrous collapse back to -20.1, post-crisis lows. With "hope" having plunged back into negative territory (-2.2) in December, January saw a complete collapse to -24.0 as one respondent exclaimed, "we expect the continued depression in the oil and gas industry to negatively impact our customer base and result in significant demand reduction."
Bloodbath...
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No wonder there is so much Squirrel! going on: racist oscars, yeah we're going to indict Hitlary carrot dangling, the birther issue, trump "shooting" people....
ReplyDeleteThe economy is in its last death throes. Maybe we won't notice.
Hard at work, are they. :)
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