SixFoot
January 11, 2023, 4:25pm
13
Yeah, but, it’s all under control now that an actual recession is happening. The sky was sure to fall during the 4 years of peace and plenty, but notta now.
when trump enacted his tax cut for the rich he said it wouldn’t blow up the deficit becausewe would have 3% growth well into the future,despite pretty much every competent economist saying that was a fantasy
he predicted this growth would occur with 10 year interest rates of 3.2%
well we dont have 3% growth so the deficit is blowing up. now he is saying its jay powell and the feds fault for having interest rates to high. This is despite his administrations forecast that 10 year interest rates …
the institute for supply managments survey which shows the health of the manufacturing sector fell to 49.1 in august. Any reading below 50 is contraction. the reading for export orders fell to its lowest since april of 2009.
so much for trumps claim we have the best economy on record.
stocks have plunged as a result with the dow down 400
Flash PMI index falls under 50 signaling a contraction for the first time since 2013
corona virus was partially to blame but also to blame was companies worry about a wider slowdown…
“With the exception of the government-shutdown of
2013, US business activity contracted for the first
time since the global financial crisis in February.
Weakness was primarily seen in the service sector,
where the first drop in activity for four years was
reported, but manufacturing production also ground
a…
This isn’t even all of them, either. Some people like to keep their profiles hidden to minimize the sheer embarrassment of being wrong all the time.
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