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Wednesday, September 05, 2012

Are We Heading Back Into Recession?

We've been teetering on the brink for months now.  And key indicators suggest the distinct possibility that this country is now heading in reverse:
World stocks down as US manufacturing disappoints
By Pamela Sampson, Associated Press

Bangkok (AP) — Weaker-than-expected U.S. manufacturing figures, just days after China announced its own production slowdown, sent world stock markets down Wednesday.

A measure of U.S. manufacturing activity ticked down from 49.8 in July to 49.6 in August, according to the Institute for Supply Management, a private trade group. It was the third straight month of a reading below 50, which indicates a contraction. [link] [emphasis mine]
Suppose anyone in that crowd gathered in Charlotte even cares?