Posted on 04/03/2023 8:44:10 AM PDT by Kaiser8408a
Not only did the ISM Manfacturimng Report on New Business Order fall to 44.3, but price PAID also fell as The Fed hikes rates (yellow line) and slowing M2 Money growth (green line).
Count Powellula. “I vant to suck the blood from your economy.”
(Excerpt) Read more at confoundedinterest.net ...
NOT GOOD. As I work for a bank that's considered a safe haven in times like these, we didn't see the influx of high wealth clients we expected. Reason: high wealth clients are leaving their money in Treasuries rather than move out of them or invest elsewhere.
There's a substantial amount of money that's in "hold and wait" positions.
It's like the brakes got slammed on the economy. Gee, I wonder why? (/sarcasm)
The Converting Dept that converts the roll to individual bags and boxes them up is allowing anyone to take days off right now because things are so slow. Same with the printing dept.
They also make the same bags with brand names on them and minus the Not for Sale text.
I think we will be lucky if it’s only a recession coming down the pike. Looks much more serious than just that.
That’s the plan right? Bankrupt all legal Americans?!?!
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