![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2n_aLuJmgJCQGohx33CN5RgprLq74u2RFAhyphenhyphenpd7PTxSCburDNZHaVF4d9oidYc5A7RlYN90gf20wgqqO8aFclzTskhA-jt1Cjwje8LhXzhWVdrsJTstg6PyM1KB-GRsHqfSlQ/s400/logjam.jpg)
Yesterday’s Industrial Production report showed that in May, durable materials continued its staggering decline, nearly the worst on record (second only to 1949s major decline) with a 26% YOY contractions and a 2% loss since just last month.
Now that's a Material Pullback! (click the following for super-surf-able-dynamic chart!)