Relevant:
- U.S. Economy: Industrial Production Contracts at Slower Pace
- Evidence of Bubble In Stock Prices When Compared With Industrial Production
- Post-Industrial America Now Even Less Industrial
- Industrial Production Drops; NY Manufacturing Index Hits Record Low
- Economists Dismiss Boost in U.S. Industrial Production Report
2008-09-15 — creditwritedowns.com
``The real economy in the US is already in recession, even as we fight the effects of a financial market meltdown. Industrial production numbers for the United States came out and it was down a massive 1.1% for August. That means a negative number for GDP in Q3 is all but assured.''
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Comments:
tvsterling at 06:37 2008-09-16 said:
If it's not the theoretical 'Slow Motion Crash' it's putting on a good imitation. We can only hope for a deep recession instead. Chaos theory says that adjustments are inevitable & that human interference can only postpone them. Now the government is tapped out & the people won't stand for any more expensive bailouts. The industrial sector is being sucked in now; what's left after off shoring. Might be better to get out while you still can. It's easy, just ease towards the door while acting casual. As for consumer spending holding up the market much longer, good luck. Might hold true if you have money invested in China but even they produce mostly for US markets. America went a bridge too far. Permalinkadd a comment | go to forum thread
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