Submitted by Econophile on 07/07/2011 18:23 -0400
* Capital Formation
* Census Bureau
* Chicago PMI
* Recession
This article originally appeared in the Daily Capitalist.
The following is a quick analysis of current data releases related to industrial production, both manufacturing and services. These numbers, especially manufacturing, are key indicators of the health of the economy.
The services industry, which accounts for about 90% of the U.S. economy, continued to slide in June, according to the latest ISM report. The Index slipped 1.3 points to 53.3. Rather than spending a thousand words on this, here is the picture:
http://www.zerohedge.com/article/manufacturing-growth-illusion-monetary-stimulus
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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