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WTF Chart Of The Day – Factory Orders Collapse To Longest Streak In US History

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By Tyler Durden

For the 19th month in a row, US Factory Orders decline YoY (-1.2% for May) with a 1% drop MoM. Simply put, in 60 years of historical data, the US economy has never, ever suffered a 19 month stretch of consecutive annual declines…

And yet we are supposed to believe there is no recession?

What happens next?

Charts: Bloomberg

…read more

Source: WTF Chart Of The Day – Factory Orders Collapse To Longest Streak In US History

    

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Posted July 5th, 2016 in Uncategorized.

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