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U.S. Economy Slows to ‘Near Standstill’ as Omicron, Supply Chain Delays, and Inflation Surge
breitbart ^
| 1/24/22
Posted on 01/24/2022 6:55:16 PM PST by Pollard
Economic growth in the United States slowed sharply in the first weeks of the year due to supply chain disruptions, high prices, and labor shortages linked to the surge in Covid-19 infections, according to data from a purchasing managers survey released Monday.
The U.S. IHS Markit flash composite purchasing managers index, one of the first comprehensive looks at economic growth this year, fell to 50.8 in January from 57.0 in December, severely undershooting expectations and signaling almost no growth in the economy. Economists had forecast a reading of 56.7.
“Soaring virus cases have brought the U.S. economy to a near standstill at the start of the year, with businesses disrupted by worsening supply-chain delays and staff shortages, with new restrictions to control the spread of Omicron adding to firms’ headwinds,” said Chris Williamson, chief business economist at IHS Markit.
The flash composite measures economic activity in both the services and manufacturing sides of the economy. Readings above 50 indicate growth.
(Excerpt) Read more at breitbart.com ...
TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: bideneconomy; economy; inflation; oodaloop; prepper; preppers; shtf; stagflation; stockmarket; supply; supplychain
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1
posted on
01/24/2022 6:55:16 PM PST
by
Pollard
To: Pollard
2
posted on
01/24/2022 6:55:32 PM PST
by
Pollard
(PureBlood -- https://youtube.com/watch?v=VXm0fkDituE)
To: Pollard
All Part of Their Plan™
3
posted on
01/24/2022 6:56:08 PM PST
by
Jane Long
(What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
To: Pollard
You would think God is working to destroy america, but no it’s just Biden and obama fing up big time.
To: Pollard
“0micron” is just an excuse.
5
posted on
01/24/2022 6:57:35 PM PST
by
TigersEye
(Ashli Babbitt was murdered)
To: Pollard; metmom; Jane Long; Diana in Wisconsin
6
posted on
01/24/2022 6:57:39 PM PST
by
Pollard
(PureBlood -- https://youtube.com/watch?v=VXm0fkDituE)
To: Pollard
Market down 7.2% so far this year.
7
posted on
01/24/2022 6:59:44 PM PST
by
ealgeone
To: Pollard
Government versus us.
Again.
8
posted on
01/24/2022 7:00:23 PM PST
by
BenLurkin
(The above is not a statement of fact. It is either opinion, or satire. Or both.)
To: Jane Long
YEP BY DESIGN
joe is the fall guy
9
posted on
01/24/2022 7:01:24 PM PST
by
joshua c
(Dump the LEFT. Cable tv, Big tech, national name brands)
To: Pollard
It is "Unexpected" socialist policies and fascist mandates causes economic turmoil to these "experts".
Truly a case of educated beyond their intelligence.
10
posted on
01/24/2022 7:03:20 PM PST
by
frogjerk
(I will not do business with fascists)
To: Pollard
And then there’s people like me who are p!ssed off about the stolen election, and as a result I refuse to buy any luxuries. Only necessities for the next 3 years. I won’t help the biden economy.
11
posted on
01/24/2022 7:03:26 PM PST
by
EvilCapitalist
(Merry Christmas Illhan!)
To: joshua c
Was just thinking, earlier....of all of the stooges they could’ve propped up...why diaper ByeDan?
I guess they needed someone completely clueless to what Their Plan™ is, while they roll it out. :-(
12
posted on
01/24/2022 7:04:01 PM PST
by
Jane Long
(What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
To: Pollard; All
Market tanking, too!
I hope this HURTS and HURTS REALLY BAD going into November this coming mid-term year.
Me and mine can weather this; I want the IDIOTS that VOTED for this guy to HURT. If I could stick a shiv into the mix, I would!
Gold is ending at $1839.+ after hitting $1842 today - and that’s been a ‘BAD’ day for precious metals so far. ;)
13
posted on
01/24/2022 7:05:30 PM PST
by
Diana in Wisconsin
(I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
To: Pollard
Trying to think of any additional items to top off the supplies with....while we still can.
14
posted on
01/24/2022 7:06:51 PM PST
by
Jane Long
(What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
To: Diana in Wisconsin
Yep....hope libs are screaming over their 401s, today.
They seem to be making pitiful excuses for everything else, so far.
15
posted on
01/24/2022 7:08:26 PM PST
by
Jane Long
(What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
To: Pollard
That’s what happens to an economy whose leadership applies second world solutions.
Venezuela here we come.
16
posted on
01/24/2022 7:09:14 PM PST
by
glorgau
To: EvilCapitalist; All; metmom; Tilted Irish Kilt
“Only necessities for the next 3 years. I won’t help the biden economy.”
AMEN to THAT! We should ALL do that. And whatever you can grow yourself, raise & butcher/hunt/fish yourself and barter for yourself should also be the rule.
17
posted on
01/24/2022 7:11:04 PM PST
by
Diana in Wisconsin
(I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
To: EvilCapitalist
After moving to Missouri, I noticed that every time a dem if president, everything seems to slow down. They protest by opting out. Kinda cool.
18
posted on
01/24/2022 7:13:44 PM PST
by
Pollard
(PureBlood -- https://youtube.com/watch?v=VXm0fkDituE)
To: Pollard
Labor participation is at the lowest level since Carter. Hard to have a roaring economy when you are taking money from those who are producing and giving it to those who are not.
19
posted on
01/24/2022 7:16:41 PM PST
by
Nateman
(Xi Jinping is the most diabolical enemy America has ever had. 🍊)
To: Nateman
Producers aren’t paying up for labor so the are choosing empty shelves over price increases.
20
posted on
01/24/2022 7:18:59 PM PST
by
central_va
(I won't be reconstructed and I do not give a damn...)
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