Fiction, peddled…
Presented with little comment but despite a modest beat MoM (+0.2% vs -0.2% exp) thanks to notable downward revisions (+1.4% rev vs +1.9% prev), year-over-year data remains in decline for the 22nd month in a row.
This is by far the longest streak of contraction in US history and obviously has never before occurred without a US recession.
via http://ift.tt/2cSrsyY Tyler Durden