Philadelphia Fed’s Business Outlook Plunges To -19.40% YoY, Lowest Since 2012 (It’s NOT Always Sunny In Philadelphia)

Confounded Interest ^ | 11/17/2022 | Anthony B. Sanders

[Kaiser8408a]

Call out The Birds Of War! Aka, The Federal Reserve.

The Philadelphia Fed’s Business Outlook plunged to -19.40% YoY, the worst since 2012. Notice how the Philly Phed Plunge is related to M2 Money growth YoY.

Birds of war!

[Kaiser8408a]

The recession is already here.

[SaxxonWoods]

Good. There is no free lunch when you take on inflation. It requires pain and we have barely gotten started. The good news is that we have started.

[ConservativeInPA]

There is no free lunch when you take on inflation

Let’s get on with it. There will be pain and it is unavoidable. The Fed dribbling 75 basis point cuts just prolongs the pain. Get it over with. Cut deep and fast. Congress needs to do their part too. They need to cut the federal budget, spending and government employment. Businesses are already doing their part. There is zero reason why lazy ass, unproductive government employees, who ARE the source of inflation, should not also feel the pain.