The US Joins China and Japan in Recession

by Phoenix Capital Research
ZeroHedge.com
12/02/2015

Yesterday, the recession we predicted as much as six months ago was formally noted in the ISM data, with November’s ISM coming in at sub-50.

I’d been noting to clients since at least May that numerous data points had flashed “recession” for the US economy. Among the list of warnings signs were severe declines in corporate profits, Regional Manufacturing Surveys and Merchant Wholesaler Sales.

However, until yesterday, ISM had remained above 50. And so the financial media clung to that data point as indicating that the US economy continued to expand.

Not anymore.

The Rest…HERE

This entry was posted on Wednesday, December 2nd, 2015 at 1:05 pm and is filed under Economics, Government Evil, New World Order, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.