Richmond Fed Shows 3rd Monthly Decline As Wages Crash Most In 4 Years
by Tyler Durden
ZeroHedge.com
11/24/2015
A collapse in new orders and the order backlog combined with a plunge in wages, average workweek, and number of employees has left the Richmond Fed contracting for the 3rd month in a row. The last three times this happened, The US was either in recession or The Fed unleashed QE3.
The Rest…HERE