“Unambiguously Good”? Dallas Fed Collapses To 20-Month Lows As Orders Plunge
by Tyler Durden
ZeroHedge.com
01/26/2015
Who could have seen this coming? Well apparently all but one economist (TD Securties Greene and Mulraine had a -5.0 est) as the -4.4 print is almost a 4 standard deviation miss from extrapolator’s and hockey-stickers’ dreams. Following December’s drop and miss, the Dallas Fed Manufacturing index is now at its lowest since May 2013. All components dropped, apart from inventories as 11% of firms reported layoffs and wage pressures eased.
The Rest…HERE