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Posted on 12/15/2022 7:24:47 AM PST by Kaiser8408a
The numbers coming out today are not good. November numbers were 1) US Industrial Production was down -0.2% MoM, 2) manufacturing production is down -0.6%, 3) retail sales advanced down -0.6% (most in 11 months) and …
The Empire State Manufacturing outlook was down -11.2% and the Philadelphia Fed (or Phed) business outlook was down -13.8% in November.
And with all this bad news, global equity markets are dropping like a paralyzed falcon.
But at least Biden traded a dangerous international arms dealer for WBNA star Brittney Griner. Possilby the worst trade in history after the Chicago Cubs traded future Hall of Famer Lou Brock for sore-arm pitcher Ernie Broglio. Griner is Ernie Broglio.
(Excerpt) Read more at confoundedinterest.net ...
Well at least the alleged inflation is under control... Or was that INflamation? I have a strong dislike for these 🤡
Less manufacturing is probably seen as good news by the liberati. They equate it will pollution and male chauvinism.
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I'm certain they think like that, because they force policies on us that reduce economic activity. However, these policies are on a collision course with their love of massively extravagant government spending.
I still don’t understand why it’s so high.
Jpowell will have to bring the pain. The labor market is too strong for lower inflation as of now. Consumers keep on having the ability to pay for stuff. Higher gas prices correspond with presidential job approval as well.
Trouble is...its on a credit card....eventually has to be paid off.
Steve Cortez on Bannon War Room was all over this
Big percentage of small businesses cannot pay the rent and are closing down.
Not good news.
Don’t forget—social security COLA increases are about to hit in January.
Any unionized workers will be striking for higher wages.
Government benefits such as food stamps are having major increases.
The inflation genie is amazingly difficult to get back in the bottle in the “modern” economy.
Dow is down over 700 points now. ‘Relief rally’ over and done with?
Manufacturing down, industrial production down. Democrat cities (Los Angeles, etc) are prepared to resume mask mandates and possibly shutdowns of restaurants, etc, just like in 2020.
Fed will continue rate hikes. Powell warns of “pain” ahead in 2023.
Recession, come on down!
Dow is down over 700 points now. ‘Relief rally’ over and done with?
Manufacturing down, industrial production down. Democrat cities (Los Angeles, etc) are prepared to resume mask mandates and possibly shutdowns of restaurants, etc, just like in 2020.
Fed will continue rate hikes. Powell warns of “pain” ahead in 2023.
Recession, come on down!
“Jpowell will have to bring the pain. The labor market is too strong for lower inflation as of now.”
This is the key, wage inflation must slow. People get it when the stock market is overamped, but they don’t get that the labor market can be overamped as well.
The price of many things has declined, and the one that affect inflation the most (oil) has declined a lot. Wages are the last domino, one the acceleration of wages slows, we will start making progress in working through our inflation problem.
The T-Bill curve (and the Zero-Coupon) curve is telling us just how this is going and how the timing looks for an interest rate peak. Everything going better than I expected so far. It’s starting to look like a garden variety recession that last too long. The recession has yet to begin but we are getting closer. We are in the de-acceleration area now, the preliminary to the real action.
Housing prices might hang around longer. Drops in prices often help to fight inflation. The people with 4 or 5 homes and doing the arbnb thing will suffer, and then those spots will be bought up by the hedgies, and already wealthy people with cash. Good luck kids trying to get a home in the future.
got out 6 months ago and sitting on the sideline, I sleep much better
Everything is down today. Oil, gold, and equities. Big 100 point loss of the S and P. Was betting on this being the bottom for oil, but perhaps the recession is going to be more severe than first thought.
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