US Manufacturing is Shutting Down. But It’s Not a Recession!

Biden says the economy is strong as hell and stagflation is a lie.  But the Empire State Manufacturing Survey is at a new low, -31.  This is at the level it was when the COVID shutdowns literally shut the business world down for a month.

And this is more than economic rumblings.  I know of manufacturing companies that are going to a four day work week and laying off the per diem employees to keep everyone else employed,.at least for now.  This should make for a really interesting presidential election year.  But I’ve stopped assuming that the American people will use logic when it comes to choosing leaders.

Well, prepare for a bumpy ride.  WE may all be counting the pennies in the days ahead and tightening our belts.  Hey buddy, can you spare a dime?

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War Pig
War Pig
3 years ago

Ye gads, you remember that song (and movie line)? I thought I was Methuselah.