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Are we on the verge of a “great, great depression?” (Video)
The Economic Spy
Economic data, Wednesday, June 1st does not paint a particularly pretty picture:
Weak ADP jobs data, weak car sales data, very weak ISM manufacturing data, Greece downgrade with 50/50 chance for default predicted, horrendous real estate market news, all stock indices down more than 2% and the 10-year treasury yield below 3%!
The employment report for May is due to be released on Friday, and after the ADP jobs number from today estimates for payroll growth are being slashed across Wall Street...
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