Wisconsin native. "The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC "Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton "The only objective of Liberty is Life" --G K Chesterton "A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
This is not good.
...ISM's report saw factory activity drop from 49.0 in November to 48.4 last month. Any reading below 50.0 indicates a contraction in that sector....
That's the old Purchasing Managers' Index. It's very good at marking trends.
HT: CBD at Ace
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