Factory Orders Fall More Than Expected; Recovery Withers on the Vine

Manufacturing was the one bright spot but its best days are now long gone. Moreover China Manufacturing Slows for Second Month; US ISM Weaker than Expected; Weekly Unemployment Claims Stubbornly High; Existing Home Sales Plunge

I am almost amazed at the number of talking heads still yapping about and believing in the "recovery". Let's recap some points from How Policy Errors Cause Depressions (and how "in isolation" some things Krugman says make sense).