“Recovery” is a funny word that seems to mean very different things to different people…
Industrial Production rose just 0.2% in November (below the 0.3% rise expected) but October was revised higher from 0.9% to 1.2% amid storm reconstruction.
And so while The Dow Jones Industrial Average has ‘recovered’ its way to new record highs way beyond Dec 2014 levels, actual Industrial Production continues to lag…
via http://ift.tt/2Bsb8jW Tyler Durden