From: ScottW48@hotmail.com   
      
   On Saturday, September 9, 2023 at 8:27:16 AM UTC-7, mINE109 wrote:   
   > On 9/9/23 10:07 AM, ScottW wrote:    
   > > The ISM Manufacturing New Orders Index came in at a reading of 46.8    
   > > for August 2023. This is a level that signals weakness for new    
   > > industrial orders.    
   > >    
   > > However, the bigger story is that August marked the 12th consecutive    
   > > month of contraction for the ISM Manufacturing New Orders Index.    
   > > There have only been three instances in the 75 years (since 1948)    
   > > that this index has been reported where we've witnessed a full year    
   > > or longer of readings below 50. The only two other instances were in    
   > > 1981-1982 (18 months) and 2008-2009 (14 months).    
   > >    
   > > Furthermore, every instance where the ISM Manufacturing New Orders    
   > > Index came in below 50 for at least a nine-month stretch has resulted    
   > > in the U.S. economy falling into a recession. Based strictly on    
   > > historical precedent, this index is telling investors that a U.S.    
   > > recession is coming.   
   > Thanks, Fed! Reuters: Manufacturing, which accounts for 11.1% of the    
   > economy, has been hammered by 525 basis points worth of interest rate    
   > increases from the Fed since March 2022.    
   >    
   > This measure will improve if the Fed foregoes its next hike.   
      
   Dems spend and the Fed should have done nothing on the resulting inflation.   
   You're a  genius.   
      
   ScottW   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)