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Unmerited optimism for the Empire State

From Bloomberg/Econoday:

The six-month outlook is in fact the most negative aspect of the August report. The six-month outlook for new orders, at plus 6.52, and for shipments, at plus 7.61, are the lowest since 9/11. The overall outlook reading at 8.70 is down nearly 25 points in the month for the lowest reading since early 2009.

Hopefully the six-month readings will be only be temporary, tied specifically to the debt-ceiling drama and what is hopefully now faded market volatility. (My emphasis)
 
Perhaps these indicate an emerging slowdown in the economy instead of an emotional reaction?