Posted on 05/02/2022 7:41:29 AM PDT by Browns Ultra Fan
What happens when the massive Fed stimulus is gone? Its Already Gone … or going.
A measure of U.S. manufacturing activity unexpectedly dropped in April to the lowest level since 2020 as growth in orders, production and employment softened.
The Institute for Supply Management’s gauge of factory activity fell to 55.4 last month from 57.1, according to data released Monday. The Manufacturing Prices index remained elevated.
As the 10-year Treasury yield tries to breech the 3% barrier.
(Excerpt) Read more at confoundedinterest.net ...
In a sane system 10 year treasury yields would be 2-3% over inflation.
“unexpectedly dropped”
Well who would ever have seen an economic contraction coming?
Gee, print $8 trillion, throw it out the door, keep people in most of the industrialized world locked in their homes for two years and put a dementia riddled old fool in charge to wreck the energy industry and somehow things didn’t turn out as expected.
It’s nice to know the grownups are back in charge.
Economic contraction causes deflation. The Democrats think they can score political points if inflation seems to be moderating before the election. They think the average voter won’t notice that the economy is collapsing beneath them.
Try depression coming not recession. We will tip from hyper inflation to deflation. Good luck to the Fed on those rate increases. Soon they will have to go back to zero.
All according to plan. Burn it down so they can claim the building was faulty and needs a brand new socialist one to replace it.
That’s true, a recession doesn’t affect everyone like buying food and gas does. With the supply side caused inflation I’m not sure will deflate prices in those areas.
Nope, new term, Inflationary Depression.
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