The Glub, Glub, Glub of Recession Circling the Drain

The Great Recession

Who says there is no recession anywhere in sight? It depends on where you are looking. In short, manufacturing remains in recession; corporate profits remain in recession; freight remains deep in recession; Carmageddon remains in recession; and the Retail Apocalypse remains a recession for brick-and-mortar stores, while employment — the last holdout — is now also turning downward.

The manufacturing recession that everyone acknowledges as having begun last summer continues:

Four of the last five months have been downward moves, and even the one upward move didn’t take us back above the recessionary line. That is almost half a year in an industrial recession with no reprieve. By other measures, it only looks longer and deeper:

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