They Can’t Keep The Lies Straight… OMFG!….they can’t keep the lies straight. For the 13th month in the last 16, US Industrial Production data was revised lower (significantly lower)… Source: Bloomberg That meant US industrial production tumbled 0.6% MoM in July (dragging production down 0.2% YoY after revisions)… Source: Bloomberg US manufacturing also tumbled more than expected (-0.3% MoM) and thanks to yet more downward revisions, the YoY change fell to just 0.1%… Source: Bloomberg Capacity Utilization fell again to 77.8% – well below expectations… Source: Bloomberg And finally, this will really make you laugh… remember 30 mins ago when… — Continue at ZeroHedge News : Read More
