The fuzzyhead economists at The Fed can claim whatever they'd like. Their captured lapdog in Atlanta can do the same. But the facts remain the same and the data shows the US economy grinding deeper and deeper into recession territory. And The Fed, with their backward-looking, reactive policies, is simply making the decline worse and more painful.
And what brings this to pour attention again this morning? The latest "flash" PMIs for December. Recall that these are preliminary guesses for how the month is going at its midpoint. Also recall that any measure below 50 is considered...
