https://twitter.com/LWDoyleUSA/status/1489983268275597324 https://twitter.com/LWDoyleUSA/status/1489985801396142085 https://twitter.com/LWDoyleUSA/status/1489992435224563714 h/t NotStarvingActress
by confoundedinterest17 Well, Omicron is hitting hard. Not the virus itself, but governments’ reaction to the virus. The NY Empire Manufacturing Index has tanked into negative territory. New orders are down 5%. On the energy front, West Texas Intermediate Crude Oil …
by Martin Armstrong As Biden said, the current crisis will end at the state level. Well, luckily Governor Ron DeSantis is continuing to support his promise to improve the economy with dealings that will benefit the nation. DeSantis previously announced …
by Chris Black The problem with American manufacturing is that you can earn the same $17-20 per hour pay you get stamping parts, stocking shelves at Target or Home Depot. You can even make $17 an hour flipping burgers at …
by laflammaster https://www.newyorkfed.org/survey/empire/empiresurvey_overview.html#tabs-1 Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six …
A group of 19 Senate Republicans helped greenlight outsourcing of American manufacturing jobs with the passage of the so-called bipartisan infrastructure bill that provides giant carve-outs for industries to bypass “Buy American” rules. On Tuesday, 19 Senate Republicans joined Senate …
🚨 BREAKING NEWS 🚨 Senate passes a tech manufacturing bill to counter China. Numerous senators / house members purchased semi-conductor stock BEFOREHAND. For example, Nancy Wyden bought $AAPL, $AMAT, $AVGO, $KLAC & $NVDA BEFORE the legislation. Link: https://t.co/kICdJpIP2u pic.twitter.com/JakvSrHWpU — …
With the Biden administration transitioning all of their official documents to explicitly include VP Kamala Harris, stubborn facts that got in the way of the preferred media narrative are a step closer to being ‘corrected.’ Traditionally, the US governments are …
As the America First policies of President Donald J. Trump crumble in front of our eyes, in just under just two months of Democrat Joe Biden’s administration, we are seeing a disaster happen in American manufacturing as Joe Biden pays …
US manufacturing flat in March, capping weak Q1 American manufacturing was flat in March, which was good news after sharp declines in the prior two months that combined for a dismal first quarter, the Federal Reserve reported Tuesday. That weak …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter There are now 486 EV manufacturers in China, triple from two years ago. Most will disappear. New vehicle sales in China plunged 14% in the first quarter from a year earlier, according to the China Association of Automobile …
Globally, manufacturing dropping, retail dropping, auto sales dropping, housing dropping, revenues/guidance dropping. It's all going lower and accelerating. Trade deals and Brexit are a sham. There is no economic miracle. Reality about to hit big time. — Puff Dragon (@PuffDragon11) …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But the US shirt is getting dirtier. Germany’s manufacturing data “makes for uncomfortable reading.” Much of the glowing press coverage today was focused on the uptick in manufacturing data coming out of China, as reported by …
via Zerohedge: Following February’s very mixed picture (Services soared, Manufacturing tumbled), PMIs were expected to revert modestly in March (especially following this morning’s collapse in German PMI). However, just like Germany, US Services and Manufacturing PMIs dropped notably more than …
by WARREN MOSLER Decelerating global trade hitting home: U.S. manufacturing sector slowing as economy loses steam (Reuters) The Fed said manufacturing production dropped 0.4 percent last month. January was revised up to show output falling 0.5 percent instead of slumping …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The four account for 58% of global manufacturing value added. And the big exporters are getting hit. The global slowdown in manufacturing progressed another notch in February. Among the top four manufacturing giants in the world, …
‘There’s No Money Right Now’: China’s Building Boom Runs Into a Great Wall of Debt A building splurge in this impoverished pocket of rural China ended in half-finished projects and a trail of angry investors from some of the country’s …
by Dessert42 Every piece of news media is propaganda. No one can escape the subjectivity of a journalist!
by visualcapitalist View the high resolution version of today’s graphic by clicking here. Over the last decade, the prospect of mass automation has seemingly shifted from a vague possibility to an inescapable reality. While it’s still incredibly difficult to estimate the ultimate …
via CNBC: The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 48.3 in January, compared to 49.7 in December. Analysts polled by Reuters had expected the Caixin PMI to be 49.5 last month. It was the second-consecutive month of …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Central-Bank Stimulus Fail: The longer it drags on, the worse it gets? Manufacturing in the powerhouses Germany, Japan, and China took a hit – all of them complaining about exports. But US manufacturing continues to expand, …
The biggest publics works projects in the history of the world is going on right now. It has nothing to do with the Fed or the U.S. at all. It’s China. They went from a tightly controlled system to verbally …
by howmuch President Trump wants Apple to move all its manufacturing to the U.S., repeatedly warning that he will slap tariffs on Apple products in an escalating trade fight with China. He might be onto something because the economy is generating …
via scmp: Authorities in Guangdong, nation’s manufacturing powerhouse, told all future purchasing managers’ indexes will be produced by National Bureau of Statistics Ruling comes ahead of what is likely to be tough start to 2019 for China’s economy as trade war …
Apple could be looking to kick its China habit. Apple’s (AAPL) suppliers are reportedly considering shifting iPhone production out of China if tariffs reach 25%. According to Bloomberg, Apple and its suppliers plan to stick with their existing production process …
The economy if you go by the statistical numbers is doing better than it ever did before. But we know that this is not the true information on how the economy is doing. The economy has been manipulated for a …
by Spencer P Morrison, NEE A customer can have a car painted any color he wants as long as it’s black. ~Henry Ford In 1908 the American industrialist and culture hero Henry Ford released the Model T. What made the Model T so …
Boeing, the second biggest beneficiary of United States Defense Department government contracts, is outsourcing manufacturing and about 3,000 jobs to India. This week, Boeing announced that it would be building their second largest manufacturing facility in Bengaluru, India — not …
She read Mark Judge book and Started all this. h/t gebahie
by sundance When China announced the One-Road/One-Belt initiative (now banned from discussion in Beijing); in combination with a looming trade confrontation with President Trump; CTH pointed out that sketchy pandas’ bamboo economy was very vulnerable because it was deep, but narrow – simply …