Dallas Fed Survey Crashes To June 2009 Lows, Warns “It Is Getting Ugly”
by Tyler Durden
ZeroHedge.com
12/28/2015
After a Q1 collapse, the Dallas Fed Manufacturing Outlook managed a bounce for a few months (though never got back above zero). It appears, Dallas Fed’s aptly-named ‘Dick’ Fischer was entirely wrong when he progonosticated that “on net, low oil prices are good for Texas.” December’s Dallas Fed print crashed to -20.1 (from -4.9) massively missing expectations of -7.0 and back at the lows not seen since June 2009.
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