Charts for you to ponder.

[Neubarth]

As you can see business inventories are plunging.

Durable good orders took a fall off the side of the table, and now look to be regrouping. I see a potential green shoot here, BUT the collapse was so sudden as opposed to previous moves down, that there were almost no upward jags on the way down (Just little itti bitti blips). In all other cases in previous years, the moves down had upward jags along the way, and the moves up had downward jags along the way. The collapse we have seen was very very frightening.

Orders may have stopped going down, and jagged up a little bit, but actual production is still FALLING!

 

[Neubarth]

If you look at the charts above, you see that there are no green shoots that have any real significance. Little blips on the way down do not mean that you have stopped the massive downward plunge. Obama has been sitting on his thumb all during this Crash. He should have created a WPA with all of those trillions that he and his minions have been playing with.