Mr. Bernanke, it's not working.
Empire State Manufacturing Survey
The December 2012 Empire State Manufacturing Survey indicates that conditions for New York manufacturers continued to decline at a modest pace. The general business conditions index was negative for a fi fth consecutive month, falling three points to -8.1. The new orders index dropped to -3.7, while the shipments index declined six points to 8.8. At 16.1, the prices paid index indicated that input prices continued to rise at a moderate pace, while the prices received index fell fi ve points to 1.1, suggesting that selling prices were fl at. Employment indexes pointed to weaker labor market conditions, with the ... (full story)