The Empire Fed's manufacturing PMI absolutely plummeted in January 2024. While it may be just one region for one month, these numbers are some of the worst on record and convincingly add to the growing list of evidence that the US economy is heading into the non-linear part of the recession process.
Eurodollar University's Money & Macro Analysis
Bloomberg Germany Narrowly Escapes Recession But Outlook Remains Tough
https://www.bloomberg.com/news/articles/2024-01-15/germany-s-economy-shrank-last-year-for-first-time-since-pandemic
NYT Recession: Some Criteria Missing, So Far (1974)
https://www.nytimes.com/1974/08/28/archives/recession-some-criteria-missing-so-far-there-will-be-no-recession.html
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.