Things Point To Slowing Again For U.S. Economy
Posted By thestatedtruth.com on January 31, 2012
Oh well…the Fed said recently… they worried that much of the recent spending uptick was coming from savings and inventory build up, and it was unlikely to last much longer without an improving fundamental environment!
The gradual re-softening of the economy is starting to materialize. The January Chicago PMI just printed at 60.2, missing expectations of an increase to 63, and down from December’s 62.2, while the employment index came in at its lowest since August at 54.7, and the order backlog number came at 48.2, the lowest since October 2009.
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