It is indeed “Dallas After Midnight.” Or at least “Dallas After WTI Prices Collapsed.”
The Dallas Federal Reserve Manufacturing Outlook fell to -17.4 percent, near the low point since the recession allegedly ended in June 2009.
Collapsing West Texas Intermediate Crude Oil prices may have something to do with it.
And, of course, the stall in wage growth nationally isn’t helping.
Cheer up Texas! Global stock markets are up big-time thanks to China’s announcement of never-ending easy money.
So if Texans are invested in the stock market, they can eat a BIG steak!
Otherwise, it’s White Castle sliders.
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