Economy Is Crashing, Services PMI Plunges, Bullard 'Low Probability That This Could Get Much Worse'

Economic collapse news February 22, 2020.
The Economy is crashing as the US PMI revealed a shocking miss of analyst expectations. New orders contracted for the first time since the financial crisis. Chris Williamson from IHS Markit warned there is a negative impact from the current shutdown in China. Worse there could be some worse points of economic stress if South Korea's economy begins to shut down. The Fed Bullard was in an interview and was asked about the impact from China on the US Economy He responded that he believes "there's a low probability that this could get much worse" It seems like maybe he spoke to soon.

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