Wednesday, June 17, 2009

Material Pullback!

It appears that the "Green Shoots" have not found their way through the still smoldering patches of durable material production.

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!)