Markos Kaminis (Wall St. Greek) submits: The latest signs from manufacturing, housing and the labor market all point to the return of economic recession. This report focuses on the dimming of the economy's only shining star, manufacturing. Yesterday offered an ominous ISM Manufacturing Report, and we think you should note the change the report illustrates.The daily barrage of data piles on the double-dip economic recession reality, beating down hopeful strategists and forecasters with truth. It's an ugly truth, unfortunately, but it's what we must deal with. This latest day's dumping included more signs of slowing in manufacturing and housing, and ongoing labor woes. You cannot fool the market with rhetoric for long; she is efficient at processing data, however policy makers, corporate leaders and investment professionals may try to sway her. Eventually, each and every one of them must bow to the truth. We remain an independent voice, seeing both opportunities and warning signs, and offering both long and short ideas without any bias.Complete Story »
