US Manufacturing worst in ten years, page-3

Oh yes SCOMO may be in more trouble than a barrel of monkeys when this investigation starts on Trump.
I see the treasurer is chucking another tizzy about banks not passing on the full rate cut. Im not sure he understands the lower rates go the less banks will make, once it gets to zero the banks may be seriously squeezed and that wont be good for anyone.
The US FED is currently pouring hundreds of billions of dollars into the US banks to stop them collapsing, Trust in the participants of the Repo market has evaporated because some banks know what is about to happen and they wont lend money into this any more.
I have to say the recession is already in progress world wide and has been for a while. This is the nature of recessions, they occur long before the government admits to it.