[movermike] movermike: More Recession Ahead?

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Posted by movermike:
More Recession Ahead?
http://www.movermike.com/posts/1158858212.shtml


   Yesterday, in a post about the [1]inverted yield curve, I said the
   yield curve was signaling a recession is coming.

   Today the [2]Philly Fed says

     Manufacturing in the Philadelphia region stalled in September, the
     Federal Reserve Bank of Philadelphia reported Thursday. The Philly
     Fed diffusion index plunged to -0.4 in September from 18.5 in
     August. This is the first negative since April 2003. Readings below
     zero indicate contraction. The decline was much larger than
     expected. Economists were expecting the index to slip only to 14.3,
     according to a MarketWatch survey.

   [3]Philadelphia Federal Reserve [4]Recession[5]Yield Curve [6]Mover
   Mike

References

   1. http://www.movermike.com/posts/1158735706.shtml
   2. http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BCE5FE20D%2DC19E%2D4A5F%2D86B8%2DF56697B84667%7D&siteid=mktw&dist=bnb
   3. http://technorati.com/tag/Philadelphia+Federal+Reserve
   4. http://technorati.com/tag/Recession
   5. http://technorati.com/tag/Yield+Curve
   6. http://technorati.com/tag/Mover+Mike