Photo: New York Public Library
If you haven’t been paying attention, then this is an economic subplot you might want to raise your eyebrow over.We’ve had a string of VERY big misses on the regional manufacturing data.
Now these surveys are kind of subjective, and they could all reflect Fiscal Cliff fears timing or something like that. Hopefully that’s all they are. Still, when the survey results are so widespread, you might want to take notice.
Today at 10:00 AM we get Kansas City Fed. We’ll see if the trend continues.