Wednesday, July 28, 2010

Dr. Boom Turns Almost Bearish

How bad are things getting?

Perennial Bull, Mark J. Perry, notes some negative economic numbers:

There have been some signs of a slowdown in the strength of the economic expansion in May and June (including the Richmond and Chicago Fed releases today on manufacturing activity in those regions), and the trucking tonnage index decrease in June probably helps to confirm that.  But we should also keep in mind that manufacturing has been leading the economic recovery, and some uneven "starts and stops" in the economic recovery are to be expected.  

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