U.S. manufacturing activity is on the decline as a push to clear out existing inventories collided with a downturn in new orders, various indices showed on Monday.
“The health of the U.S. manufacturing sector took a sharp turn for the worse in June, adding to concerns over the economy potentially slipping into recession in the second half of the year,” said Chris Williamson, the chief business economist at S&P Global Market Intelligence. “Leading the darkening picture was a severe drop in demand for goods, with new orders slumping at a rate among the steepest since the global financial crisis of 2009.”
Ah, Step 14.
As someone with a 12th Grade education (from the 80s before it truly rotted), we had to pass an economics course. I wrote this three years ago, with very few edits required. Why does someone with a single high-school course 40 years ago still know about the M1 money supply and what happens when it increases:
https://tradingeconomics.com/canada/money-supply-m1
1) there is no threat of inflation due to the government borrowing then “spending” a trillion dollars
2) there is no inflation, like we said
3) there is some inflation, but not everywhere, and its not bad, so point 1 stands, please ignore point 2
4) there is some inflation in some minor areas such as fuel, housing and food, but its manageable
5) its only for a short time, just like two weeks to flatten the COVID curve, remember then?
6) inflation is actually good, Colbert says so, and who would know better than a celebrity millionaire?
7) the government has a plan for inflation if it ever really becomes a for real problem for real people
8) you’ll love wage and price controls…
9) its corporate greed that somehow didn’t exist two years ago, just started overnight
10) no, increasing taxes isn’t inflationary either
11) did we mention the inflation that isn’t happening, but would be great, is Putin’s fault?
12) overturning Roe will damage the economy
13) CTRL/H inflation/stagflation
14) CTRL/H stagflation/recession
15) CTRL/H recession/New Great Depression
Note: blame the Republicans is taken for granted for being 1a), etc.
Easily condensed to:
Elect a Democrat, Expect a Disaster.