The Empire Strikes Out! NY State Manufacturing Index Collapses To -32.9 In January (Wells Fargo Pulling Out Of Mortgage Market) – Confounded Interest – Anthony B. Sanders

The Empire Strikes Out! No, not Klaus Schwab and the World Economic Forum, but the New York State Manufacturing index. For January, the index fell to -32.9.

Then we have Wells Fargo and their crashing mortgage originiations.

Everytime I see Klaus Schwab’s face, I think of Emperor Palpatine from Star Wars.