The Empire Strikes Out! NY State General Business Conditions Tanks To -9.1 As Global Yields Plummet

The Empire Strikes Out!

The US Empire State Manufacturing Survey General Business Conditions SA index fell to -9.1 in October, continuing a downward trend along with the downward trend in Fed M2 Money stock growth.

And the global sovereign debt market is showing fear as 10-year sovereign yields drop -10 basis points. The UK 10-year is down -36.8 bps! The US is down only -6.6 bps this morning.

The Empire (State) strikes out.