Kansas City Fed Survey Misses For 8th Straight Month – Flashes Recessionary Signal
by Tyler Durden
ZeroHedge.com
08/27/2015
The last two times the Kansas City Fed survey was this low, the US was in recession.The KC Fed survey has missed expected for eight straight months, falling to -9 in August from -7 (missing the -4 estimate). Across the board, underlying components were ugly with Shipments collapsing, Order backlogs echoing earlier surveys in demise, New Orders tumbling, and Prices received crashing.
The Rest…HERE