Dallas Fed Respondent: “Sometime After The Election, Data Will Show That In 2016 The U.S. Was In Recession”

When the Dallas Fed released its latest manufacturing outlook survey, it revealed that when it comes to the state which during the shale boom was responsible for the bulk of highly-paid job creation in the U. S., things remain bad: as we reported earlier, after unexpectedly surging from -18 to -1.3 in July, August’s Dallas Fed plunged back to -6.2, contracting for the 20th month in a row.

This post was published at Zero Hedge on Aug 29, 2016.