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And just like that... hope was gone. Having soared to post-crisis highs in the months after President Trump's election, Richmond Fed's Manufacturing Survey has crashed (by the second biggest drop ever) in May... New Order volume growth disappeared, capacity utilization shrank dramatically, Order backlogs disappeared, shipments plunged, and the average workweek tumbled. [...]
Tue, May 23, 2017
Source: Zero Hedge
Weak Chinese PMIs and 'steady' European PMIs were trump by German IFO exuberance overnight ahead of US PMIs. Having tumbled to their lowest level since September, May preliminary US PMIs were mixed with Manufacturing slumping to 8-month lows and Services rebounding to 4-month highs. The overall compoosite PMI rose modestly but [...]
Tue, May 23, 2017
Source: Zero Hedge
The following article by David Haggith was published on The Great Recession Blog: When financial Armageddon arrives, it can hit in a flash like a dangerous rogue wave — the kind that rises up when two big waves from different storms intersect and merge into a single wave big enough to [...]
Tue, May 23, 2017
Source: Zero Hedge

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