Texas Economy Collapses – Dallas Fed Survey Crashes To 6-Year Lows As “D” Word Is Uttered

by Tyler Durden
ZeroHedge.com
01/25/2016

For the 13th month in a row, The Dallas Fed Manufacturing Outlook was contractionary with a stunning -34.6 print following December’s already disastrous collapse back to -20.1, post-crisis lows. With “hope” having plunged back into negative territory (-2.2) in December, January saw a complete collapse to -24.0 as one respondent exclaimed, “we expect the continued depression in the oil and gas industry to negatively impact our customer base and result in significant demand reduction.”

The Rest…HERE

This entry was posted on Monday, January 25th, 2016 at 1:03 pm and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.