US Industrial Production Plunges By Most In Over 100 Years
by Tyler Durden
ZeroHedge.com
Fri, 05/15/2020
Having crashed in March, April industrial production was expected to crash even harder. Industrial production plunged 11.2% MoM (very modestly better than the 12% drop expected) but still the worst in 101 years…
Source: Bloomberg
Manufacturers in the U.S. were among the first to experience the pandemic’s economic drag as producers fell victim to supply-chain disruptions, a severe weakening in exports market and a drop in domestic demand.
The Industrial Average still has a long way to go to catch down to Industrial Production…
Source: Bloomberg
It could never happen, right?
This country transitioned into a third world hell hole in two months.
What industrial production? That’s been long gone like domestic oil reserves – squandered, pissed away. Now people want to make comparisons today with the distant past; ‘are we in a depression’? Will the situation be worse than the ‘Great Depression’? My God people, you’re out of your fugging minds. We are on the cusp of absolute and utter disintegration. What is coming for us is mind boggling and yet the citizenry are concerned with when the sports venues and malls and such are coming back on line? Irrational to the very end. We are all DAMNED you damned fools!