Industrial Production Post Third Consecutive Annual Decline: 90% Chance Of Recession
by Tyler Durden
ZeroHedge.com
02/17/2016
In 17 of the 19 times in the last 100 years that Industrial Production has contracted for 3 consecutive months, the US economy has entered recession. Today 0.7% drop YoY is the 3rd month of declines.
The only times in the last 100 years that 3 months of US Industrial Production contraction has not coincided with a recession was in 1934 and 1952… (and the current decline is larger than 1952’s in aggregate)
The Rest…HERE
