The media was saying this - America’s manufacturing recession looks like it could be over.
Literally yesterday.
Today? Treasury Yields Plunge To Record Lows As US PMI Collapses Into Contraction.
And suddenly I want to punch people who say we tried to talk ourselves into contraction last year.
Our PMI reading was actually a touch weaker starting in May of last year. I blogged about the numbers. I will have to see what is was over the summer when I have a minute. Then the fed stepped in, in September with REPO.
So, to see people acting like we all were wrong is sort of annoying. Helicopter money is bullshit. None of this is real.
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