By the editor | January 2, 2009 - 5:07 pm
The US index for new orders is at a sixty year low. Korea’s manufacturing output is shrinking faster than in the Asian crisis. China, Japan and Europe are all looking at manufacturing contractions too.
Over at Seeking Alpha, Edward Hugh has a collection of graphs showing the declining in manufacturing all over the world.
This can’t keep up for too long without serious problems.
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