It would appear the people who The Conference Board were asking about their ‘confidence’ were not from the Richmond fed region. A 3rd massive contraction in the last 4 months was not the worst of it as the “number of employees” subindex crashed to -13 – its lowest since June 2009.
And while that looks ugly, this chart ‘takes the biscuit’…
But then again – it’s probably nothing.
The post Richmond Fed Disappoints: Employee Head Count Crashes To 7-Year Lows appeared first on crude-oil.top.