Jul 05

WTF Chart Of The Day – Factory Orders Collapse To Longest Streak In US History:

For the 19th month in a row, US Factory Orders decline YoY (-1.2% for May) with a 1% drop MoM. Simply put, in 60 years of historical data, the US economy has never, ever suffered a 19 month stretch of consecutive annual declines


And yet we are supposed to believe there is no recession?

What happens next? 


Charts: Bloomberg

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , ,

Leave a Reply