Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

ISM Index plunges!

by Tony Sagami on November 3, 2008

in General

I normally don’t comment on the U.S. economy that much, but the just released Institute of Supply Managers numbers arehorrible.

The ISM index dropped from 43.5 in September to 38.9 in November. That is one of the worst numbers I have ever seen andindicates some very, very serious economic contraction.

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