Contraction – the process of becoming smaller, shrinking…… and like the famous Seinfeld episode that aired on May 12, 1994 – the latest ISM report gives new meaning to the word: Shrinkage! (and it has nothing to do with being in the pool….)”U.S. Factory Activity Hits a 6 Year Low – Manufacturing gauge tips into contraction territory, as reading is weakest since recession” – wsj 12-2-15.