http://www.businessinsider.com/rosenberg-the-latest-ism-says-theres-75-chance...


The ISM manufacturing index's orders-to-inventory ratio has plummeted, and historically when this ratio has been so low then a recession was soon to follow.

Mr. Rosenberg says this means we're set for the ISM to drop below 50 in the coming months, which would indicate a contraction of manufacturing activity, and is something Deutsche Bank also forecast just last week.