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Philly Fed Contracts For 6th Month In A Row As “Hope” Crashes To Nov 2012 Lows
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden / 02/18/2016 08:49
While jobless claims look rosy, Philly Fed’s employment index plunged by the most since May 2013 as the headline survey extended its period of sub-50 contraction to six straight months – the longest streak outside of a recesssion in history. Across the board the underlying components were weak with current all tumbling led a collapse in average workweek, employment, and new orders. Worse still, the “hope” index plunged to its lowest since Nov 2012.
6 straight months of contraction flash red for recession…
The post Philly Fed Contracts For 6th Month In A Row As “Hope” Crashes To Nov 2012 Lows appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/18/philly-fed-contracts-for-6th-month-in-a-row-as-hope-crashes-to-nov-2012-lows-2/
