Devil’s Tower? ISM New Orders Slump To 45.2 In December As ISM Prices Paid Slumps To 39.4 (Stimulus Is Already Gone, Recession In Sight)

Confounded Interest ^ | 01/04/2023 | Anthony B. Sanders

[Kaiser8408a]

Devil’s Tower? ISM New Orders Slump To 45.2 In December As ISM Prices Paid Slumps To 39.4 (Stimulus Is Already Gone, Recession In Sight) confoundedinterest17 #bubble, #inflation, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Banking, CMBS, CRE, ECB, Economy, Fed, GDP, Gold, Housing, Inflation, Jobs, Mortgage, Natural Gas, Oil, Powell, Silver, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve January 4, 2023 1 Minute To paraphrase The Eagles, US monetary stimulus is already gone.

And with it, ISM Manufacturing Report for December is showing weakness. New orders (orange line) is down to 45.2 (below 50 is contraction) and the prices paid is down to 39.4 (white line). All this is happening as The Fed raises its target rate (yellow line) and removes monetary stimulus (green line).

This gives us “The Devil’s Tower” looking economic spike after massive Covid-related monetary stimulus and Federal government repeated stimulus.

Biden is probably hoping for MORE stimulus, like in Close Encounters of the Wrong Kind.

[Kaiser8408a]

NOW you can see why Democrats and Biden want McCarthy. He will join Democrats in spending the US into obvilion.

[struggle]

>NOW you can see why Democrats and Biden want McCarthy. He will join Democrats in spending the US into obvilion.

Yeah, they’ll bully him into capitulation every single time. We need a SotH that will send well-spoken yet aggressive conservatives onto the news stations and tell people they’re being lied to and their money is being stolen. Repeat this until they really start feeling the recession and they’ll know which party was against this, otherwise, we seem complicit.

Party time is over.

[Dogbert41]

My projected power bill in January is $158 more than January 22. If I kept track of what we paid for food and gas….

This isn’t a stinking recession, it’s called a DEPRESSION.

[mikey_hates_everything]

...or a pile of mashed potatoes.

[eyeamok]

Don’t worry, everything will be just fine, they can just print more money if we run out...

[Brian Griffin]

ISM [trademarked] - Institute for Supply Management

https://en.wikipedia.org/wiki/Institute_for_Supply_Management

[Brian Griffin]

Most employed adults are informed that their money was stolen at least once every week or two.

They just don’t know how wastefully their stolen money was squandered.