atans1

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.

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