Factory Orders Scream Recession(Depression)… And This Is How A Big Miss Was Avoided
by Tyler Durden
ZeroHedge.com
6/3/2016
Even without digging too deep into the factory orders number, it was dreadful: while “rising” 1.9% monthly, or in line with expectations, the series posted its 18th consecutive annual decline. A stretch of declines this long has never happened before in US history without the economy being in concurrent recession.
The Rest…HERE