Industrial Insight

bad news… | July 27, 2012

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100019130/the-collapse-in-us-manufacturing-and-services-shows-that-things-could-be-about-to-get-a-lot-worse/

Weimar solution beckons as manufacturing crashes in US Fifth District?

By Ambrose Evans-Pritchard Economics Last updated: July 25th, 2012

The Richmond Fed’s twin indices of manufacturing and services – a very good indicator at the onset of the Great Recession – collapsed this month.

They are now falling at a steeper pace than in early 2008. Current activity in manufacturing fell 16 points from -1 to -17. That is a major shock.

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I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

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