Kansas City Fed In Recession(Depression) Territory After Respondent “Laid Off 8% Of Workforce In 2 Months”
by Tyler Durden
ZeroHedge.com
05/21/2015
For the 5th month in a row, Kansas City Fed missed expectations by an inmcreaisngly large amount. May’s -13 print is the worst since April 2009, and is the biggest drop since 2009. Every single individual component also tumbled led by orders, backlog, number of employees and average workweek. Firmly in recession territory, the respondents comments are stunningly reminiscent of the great recession (or depression)…
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