The ISM Manufacturing Index increased in September to 51.6 from 50.6, reflecting a stronger pace of expansion in the manufacturing sector. As an early reading of last month’s economic activity, the ISM index offers a bit of optimism at a time of rising fears that a new recession is approaching.
Daily Archives: October 3, 2011
Is That A Recession Lurking In The Distance?
A new recession is inevitable, predicts the Economic Cycle Research Institute. “Early last week, ECRI notified clients that the U.S. economy is indeed tipping into a new recession,” the consultancy announced on Friday. “And there’s nothing that policy makers can do to head it off.”
Major Asset Classes | Sep 30, 2011 | Performance Update
September was a cruel month for risky assets, delivering the worst batch of red ink among the major asset classes since the financial crisis was roaring in October 2008. Quite simply, there was no place to hide from the selling. Well, almost no place.