Bill’s Commentary:
“Yet we are told that everything is fine and no chance of recession? I believe the only question is how all engulfing the global DEPRESSION will be?”
“It’s A Far Deeper Recession Than Publicized…” Dallas Fed Manufacturing Survey Screams Stagflation
“Many good things may happen, but the actual occurrence remains to be seen…”
That’s about as rosy a picture as one could glean from the respondents to today’s Dallas Fed Manufacturing survey.
Against expectations of a small improvement from -11.3 to -10.0, the headline sentiment gauge dropped to -14.4 (the lowest end of analysts’ forecasts).
Furthermore, the production index, a key measure of state manufacturing conditions, fell five points to -4.1, a reading that suggests a slight decline in output month over month.
Other measures of manufacturing activity also indicated declines this month.
BillHolter.com 
Thank you pamelamoves@gmail.com
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