There were some interesting things in there. For the first time I can recall, the priced paid declined. All other metrics were not so hot. Production, new orders, buying policies, capital equipment expenditures and employment all dropped.
From the survey section the comment seemingly getting the most attention was, "Companies still skittish and intense pressure from boards / stock market. Companies that are very profitable still behaving as if bankruptcy is around the corner."
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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