“This Is Not A Good Time To Be In Business”: Dallas Fed Disappoints, Contracts For 16th Straight Month
by Tyler Durden
ZeroHedge.com
04/25/2016
Following the death of Philly Fed’s dead-cat-bounce, Dallas Fed did the same with a disappointing thud back to -13.9 (missing expectations of a rise to -10.0). This is the 16th consecutive month in contraction (below 0) and respondents are increasingly depressed, “it is a bad time for manufacturing, agriculture and mining – the only sectors that actually create wealth.” What kind of fiction are these real average joes peddling? Have they not seen the jobs data?
The Rest…HERE
