Monday, June 27, 2016

Quack! Quack!

If it looks like, quacks like, poops like a duck, it's probably not a duck. More than likely it's a recession. The only other possibility is an investment banker.

We just told you about the fast food fare business (Five Twenties, Please!) and here's another indicator from zerohedge.com/news/2016-06-27/recession-dallas-fed-workweek-hits-7-year-low.

The Dallas Fed Business Outlook has now been in contraction for 18 straight months. The underlying components are mixed but the average workweek has collapsed back to its lowest since Nov 2009. As one respondent noted, "This is a recession... Fed policy has us locked into a lethargic and tenuous position... We cannot have millions of people out of the workforce and be healthy economically - they are a burden not a benefit."
The biggest drop in Dallas Fed workweek since 2009!

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