Factory orders

Zero Hedge Reports

Compare today's factory orders with the 2001 period.  That 2001 period was recession time, but the recession actually got revised away later.  Today factory plunge is the second worst in the monetary cycle, but no recession!    The data stream acts like the recession has already been revised away.  The economy quite calmly estimated the business cycle and adapted, thus blocking the normal recession indicators.  Investors seemed focused on the presidential recession cycle, they get it.  

We are left with slower growth, and we just bounce above zero now and then to blow steam, like Japan.