References to 2009 & the Global Financial Crisis keep popping up in the reports because that’s how bad it has gotten.
Markit and ISM add to the gloom.
A toxic cocktail.
It’s getting painful: only exceptions were in the early 1950s.
“The wheels have come off this quarter.”
Ugly, ugly, ugly. Manufacturing and non-manufacturing.
A terrible deterioration.
Slack demand and sudden overcapacity.
The dollar’s hit to the economy.
Those good years won’t come back.