After an unexpected rise in US durable goods orders (in May) and pending home sales (in May), the Dallas Fed’s Manufacturing Survey (in June) plunged to its lowest since May 2020.Source: BloombergThe survey was expected to rise modestly from -7.3 to -6.5, but plunged to -17.7. New Orders crashed into negative territory and employment weakened significantly. The comments from survey respondents are perhaps most enlightening of the reality facing many businesses in America: foreign dependence, cost inflation, over-regulation, and Biden energy policies… ◾As a country, we are not looking at the future and establishing relationships with emerging countries like we...