Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

punkle...

No, there were no bright spots in the BtB report, especially the sharply downward revision of last month's numbers - it is almost like the government reports where the initial number is not so bad, but the next month they give you the real number when it is already "old news" and won't panic anybody.

I have been saying for many moons now that the chip and equipment sectors (especially equipment) will be seeing no sustainable recovery (nor will the economy) and will be getting worse, not better as we go into next year when I expect a global recession to take hold. I hope I am proven wrong, but I see nothing in the real world that makes me want to change my mind, certainly not the bogus government numbers that everyone is ballyhooing about nor in corporate earnings reports.

mlsoft