Posted on 08/16/2023 11:25:00 AM PDT by Kaiser8408a
Well, its now August 2023 and US Industrial Production for July increased … to 2007 levels. This comes after the massive spending out of Washington DC and massive Federal Rerserve stimulus.
Is that all there is??
As I said a couple of days ago, the Obama/Biden economic model is a Soviet/Chinese Communist Party (CCP) style of COMMAND economics, not free market DEMAND economics.
As if dimwitted Mean Joe Biden has a clue.
(Excerpt) Read more at confoundedinterest.net ...
It’s true.
I’m in the manufacturing sector and after two years of “can you get me that, now?!!!” inventory is either full or demand is down, most likely a combination.
Doesn’t bother me a bit.....”going fishing”......sometimes not listening to CNC machine noise is refreshing for the soul.
Soon we'll have 1930 levels!
My chocolate ration just increased from 25 grams to 20 grams.
bkmk
Money for nothin’
Stores overstocked during the pandemic and stopped buying in order to draw down their inventories.
New orders fell, so manufacturers stopped producing, shippers stopped shipping, distributors stopped distributing...
Now industrial production is at the level from 15 years ago, which means workers are at 2007 levels, too, or are layoffs looming in the manufacturing sectors?
-PJ
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