Just a refinement of obama's horrible economy....
-For the first time since April 2020, US Manufacturers new orders fell in April. The 0.6% MoM drop was triple the expected 0.2% MoM drop.
-New conflict in ME
-Rising violent crime
-CPI at 4.2%, going to 7%+ this month...
-Disappointing jobs reports, led by hospitality (part-time jobs).
-Fed engaging in huge reverse repo's last few days...
-Dropping labor force participation rate
-Decline in personal income m/m
“This is the least responsible macroeconomic policy we’ve had in the last 40 years. The primary risk to the United States economy is overheating — and inflation… Policymakers need to accept economic reality. The moment has come to move past emergency policies.”
— Larry Summers, Director, National Economic Council
-For the first time since April 2020, US Manufacturers new orders fell in April. The 0.6% MoM drop was triple the expected 0.2% MoM drop.
-New conflict in ME
-Rising violent crime
-CPI at 4.2%, going to 7%+ this month...
-Disappointing jobs reports, led by hospitality (part-time jobs).
-Fed engaging in huge reverse repo's last few days...
-Dropping labor force participation rate
-Decline in personal income m/m
“This is the least responsible macroeconomic policy we’ve had in the last 40 years. The primary risk to the United States economy is overheating — and inflation… Policymakers need to accept economic reality. The moment has come to move past emergency policies.”
— Larry Summers, Director, National Economic Council
