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Saturday, September 03, 2016

WTF Chart Of The Day: US Factory Orders Tumble For Longest Streak In History

21 Months... US Factory Orders have decline year-over-year every month since October 2014 (the end of QE3). This is the longest period of decline in US history (since 1956) and has always indicated the US economy is in recession...

While headlines will crow of 1.9% MoM gain (which missed expectations of a 2.0% rise), the trend is simply ugly - Year-over-year Factory Orders fell 3.5%

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1 comment:

  1. AnonymousSeptember 3, 2016 at 3:57 PM

    And Hillary boasts about how fewer Mexicans are coming across the border.Manufacturing that moved to Mexico keeps them there.

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