Renowned Experts Warn of Slow-Motion Financial Collapse, Governments Dig In And Prepare As Economy Continues Slide

Tuesday, May 26, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
05/26/2015

Having missed for a record 5 months in a row, Dallas Fed Manufacturing Outlook collapsed further in May to -20.8 (against expectations of -12.4). Thisis the 5th drop in a row (only ever seen in a recession) and 6th monthly miss in a row (never seen before) as it appears Former Dallas Fed Fisher was talking crap once again when he said “net, low oil prices were good for Texas.” Despite Consumer Confidence indicating, somehow, that Texans are the most confident in a year (up from 121 to 130 in May), business survey continues to point to notable weakness with employment collapsing, hours worked crashing, and production plunged. However, on a bright note, expectations for the future jumped from -5.9 to +4.9 – hope springs etermal eh?

The Rest…HERE

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