Chicago Purchasing Managers index shows the economy is headed for a deep recession and most pundits and Fed are all wrong
Sam Adelton
Oct. 31, 2006

The auto manufacturing slump is the root cause for now for the start of a recession. The Chicago PMI index crashed from 62.5 last month to 53.5 this month. A crash of 15% is the largest recorded so far. The inflation is not tamed – look at the cost of employment index that rose 1%. In other words the economy finally is manifesting stagflation in full swing.

What is even bigger surprise is how much these wall street pundits and economists making billions and million are wrong.

The Chico PMI just says the recession has started within the umbrella of stagflation. It is expected now to turn into deflation driven deep recession if not depression.

Market expected Conference Board Consumer Confidence at 109.5 but it came 4% short – another confirmation of recession
Sam Adelton
The stock market will be hurt the worst. While rates will remain comparatively high, the growth and earnings will collapse.
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Chicago Purchasing Managers index shows the economy is headed for a deep recession and most pundits and Fed are all wrong
Sam Adelton
The Chico PMI just says the recession has started within the umbrella of stagflation. It is expected now to turn into deflation driven deep recession if not depression.
READ MORE>>

The jump in Conference Board Consumer Confidence shows temporary cheer in the mind of people on gas prices and stock market
Ratan Sen
The jump in Conference Board Consumer Confidence is interesting. People are relived at what they see in gas stations. They are happy to see the Dow going up steadily.
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Chicago purchasing managers' report will show a sharp decline – a long-term negative for the economy
Marla Guthrie
The Chicago PMI expected to come at 58 down from 62.1 last month. The trend is downwards and the effects are clear from auto and housing sectors....
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Employment Cost Index will show deceleration is rise – another sign of underemployment driven stagflation
Alan Hersey
The most prominent signs of stagflation comes from the inadequate rise in wages while employment is kept at a very level. That is exactly what is happening now.
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What Microsoft did to computers in 80s is what Google is doing to media industry - Nearly every major U.S. newspaper suffering circulation declines
Peter Oberois
Online news sites and blogs replacing US Newspapers, radio and TV stations – the decline is sharp and severe....
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Momentum indicators point to a sharp drop in Dow in coming months – common people with little experience will lose again
Sam Adelton
Another analytic that tracks a differential between pros and novices in the stock market says the market never ever so vulnerable since 1929 and 1962!
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The auto sector crashing downward – real estate to follow the same pattern affecting the economy like never before
Mike Moran
The reason behind the total collapse is what the American auto makers did just after nine-eleven terror attacks.
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