PMI Plunges – The Last Time US Manufacturing Was This Weak, Bernanke Hinted At QE3

Monday, February 22, 2016
By Paul Martin

by Tyler Durden

On the heels of weakness in the rest of the world’s PMIs, US Manufacturing just printed 51.0 (missing expectations of 52.4) and tumbling to its lowest since October 2012… followed rapidly by Bernanke hinting at QE3. While Markit does ‘blame the extreme weather’, it notes however that “every indicator from the flash PMI survey, from output, order books and exports to employment, inventories and prices, is flashing a warning light about the health of the manufacturing economy.”

The Rest…HERE

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