A Chart Which Peddles Fiction

Posted: September 16, 2016 in Uncategorized
Tags: ,

Do not, we repeat not, show this chart to President Obama… US Industrial production fell 0.4% MoM in August, its biggest drop since March. However, the 1.1% slump YoY in US Industrial Production – the 12th month in a row – is the longest non-recessionary slump in over 100 years

Consider the following… America has never suffered a longer decline in US Industrial Production without being in recession…

 

Oh, and don’t tell the stock market…

 

But apart from that “everything is awesome” and cynical, skeptics that see this historic slump as weakness are simply unpatriotic.

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