Slippin’ Into Darkness? ISM Manufacturing PMI Crashes To Recessionary Levels As Bank Credit Growth Stalls (Fed Returning To Low Rate Policies)

Confounded Interest ^ | 04/10/2023 | Anthony B. Sanders

[Kaiser8408a]

I read over the weekend that the Biden Administration was planning to unleash its army of social influencers on us to hype Biden’s economic accomplishments before the Presidential election. I am not one of his preferred social influencers. In fact, the US economy is slippin’ into darkness under Biden.

An example is ISM Manufacturing PMI which has declined to a level typically seen in prior recessions.

And then we have US bank credit growth which just crashed to the slowest growth rate since 2014.

The Fed is returning to rate low-riding as the US economy slips into recession,

[Kaiser8408a]

Under Biden, the US IS slippin' into darkness.

[donozark]

Normally when confronted with this situation the Fed would lower interest rates. But their hands are tied due to high inflation. Even if off it's high of approx. 9% it is still 5-6%. Unacceptable.

Gas prices at the pump have risen sharply in the last 2 weeks. People pay attention to this stuff. Beef still $$ but pork has pulled back, as have eggs. Biden claims his plan is working. LOL!

[Huskrrrr]

The Fed’s duct tape and baling wire fixes of the economy are failing.

[FamiliarFace]

I’d say straight into darkness.

[faucetman]

Tom Petty

Straight Into Darkness

https://www.youtube.com/watch?v=RyPeUV9-po8

[ConservativeInPA]

the Biden Administration was planning to unleash its army of social influencers on us to hype Biden’s economic accomplishments

Faggots, lesbos and gender deniers are going to tell snowflakes addicted to social media how great the economy is. Zero rigor. Zero facts. There are now several generations that have only learned woke from groomer teachers.