US can still go into recession

In Economy on 06/10/2010 at 9:42 am

Equity markets’ are a’flying in the US on various pieces of good news.

But the Institute of Supply Managers (ISM) survey of US manufacturers suggests that this cycle has turned negative again. Almost without exception, whenever the ISM’s measure for inventories exceeds its measure for new orders, a recession comes soon after.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Get every new post delivered to your Inbox.

Join 274 other followers

%d bloggers like this: