ISM Prices Paid Crashes To Covid Shutdown Levels As Fed Tightens

Confounded Interest ^ | 12/01/2022 | Anthony B. Sanders

[Kaiser8408a]

Warning! Evidence of a US recession is appearing. And with a recession, prices will likely fall due to lack of demand.

Why might inflation be falling? Take a gander at ISM Prices Paid. They just fell to the lowest level since the infamous Covid economic shutdowns of 2020.

M2 Money growth YoY is the lowest in years, but The Fed’s balance sheet remains elevated. But apparently the Covid-related sugar rush has ended.

[Kaiser8408a]

A recession is coming and it will be a bad one. Too bad we have an 80 year old dementia'd pedo as President.

[eyeamok]

Don’t worry. we won’t run out of money, they will print all we need...

[cuban leaf]

Um, we’re in a recession. What you mean is that a depression is comming.

[Army Air Corps]

One who is owned by the PRC at that!

[Army Air Corps]

I guess I should buy a wheelbarrow so that I can carry enough cash to buy bread next year.

[SaxxonWoods]

This guy is great at “Warning!” us about what we already know.

The jury is still out on whether this will be a deep or long recession but this writer always assumes the worst-case scenario of everything.

[SaxxonWoods]

Wrong.

[dangus]

A reading below 50 is deflationary?

[entropy12]

Printing money is NOT FREE.
It requires paying interest on printed bonds.
Currently US treasury pays out Billion dollars every day of the year. Soon that cost will sky rocket due to jump in interest rates from near zero to 5% soon.

[entropy12]

Can’t be a recession when every restaurant and every store in my town in FLorida has HELP WANTED signs on door. Never seen anything like this in 62 years in this country.

[SaxxonWoods]

By the way folks, rental prices on new leases have declined for the first time since COVID hit, which is good news.

[SaxxonWoods]

We aren’t in a recession yet, losers just want us to be in one, and some want a depression. They won’t get that but they never give up on their hopes.

[SaveFerris]

I agree

People are seeing service jobs all over because nobody wants to deal with the thieves and the Karens of America

I finally blocked Zip Recruiter because it’s a worthless piece of spamming garbage.

Indeed hasn’t proven much better but the jobs are nearly all out of state.

Guess I’m stuck for awhile.

I do have early SSI.

[Robert DeLong]

What Is the ISM Manufacturing Index?

The ISM manufacturing index, also known as the purchasing managers' index (PMI), is a monthly indicator of U.S. economic activity based on a survey of purchasing managers at more than 300 manufacturing firms. It is considered to be a key indicator of the state of the U.S. economy.

Formally called the Manufacturing ISM Report on Business, the survey is conducted by the Institute for Supply Management (ISM).

SOURCE

[SaxxonWoods]

But eggs are expensive so we have to be in a depression!

[Vaduz]

Yes lay offs are picking up their pace nothing is improving.

[arthurus]

Prices are NOT inflation. They are not a good mirror of inflation. They trend up with inflation which is solely the increase in the money supply or the increase in the money supply over the increase in goods and services. Prices will go up and down while averaging upwards. Some prices will go down and stay down as people stop buying things regarded as unnecessary. The CPR is a manipulated false measure of inflation, adjusted periodically to get the CPR number down.