The Shallow Industrial Recession Is Fading In The Rear View Mirror – Seeking Alpha


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The Shallow Industrial Recession Is Fading In The Rear View Mirror
Seeking Alpha
A year ago, the "shallow industrial recession" induced by the strong US$ and imploding oil patch was bottoming. At that time, I described the historical pattern: Typically new orders turn positive first (red, left scale in the graph below), followed by

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