Wednesday, February 3, 2016

Hope Prevents the Majority From Seeing A #Recession Ahead

News
The US Economic Activity Composite (EAC) is showing now signs of stabilization, but the majority generally believes what the want to see. The EAC's contraction, a trend that significantly increases the odds of an officially-recognized recession in the United States in 2016, continues to elude the majority that generally believes the US economy remains on solid footing. The majority, always a day late and dollar short in terms of timing, will panic only after economic reality completely invalidates their beliefs.



Headline: U.S. factories show signs of stabilization; consumers hibernate

WASHINGTON (Reuters) - U.S. manufacturing activity contracted in January for a fourth straight month as factories grappled with a strong dollar and lower oil prices forced energy firms to further cut spending, but the pace of the decline appeared to be slowing.

While other data on Monday showed consumer spending was flat in December, a jump in savings to a three-year high offered hope that consumption would rebound in the coming months


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