Thursday, September 17, 2015

Liquidation Lies Ahead Regards of Fed Policy

The Philly Fed manufacturing index, a narrow proxy for US economic activity compared to the EAC, confirms what is certain to become a well-define message of economic weakness or liquidation within the business.  Fed policy, a hotly debated and over-hyped conversation today, cannot alter either human behavior or the intentions of what Adam Smith defined as the "invisible hand."

Headline: Philly Fed manufacturing collapses

The latest reading Philadelphia Fed manufacturing index plunged to -6.

Economists had estimated that the reading on regional manufacturing fell to 5.9 in September from 8.3 in the prior month.



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