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This guy gets it.
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The response was not good but it could have been worse. A lot worse. That's a scary thought to me.
the dismantling of the early warning surveillance system coupled with his behavior during the first half of 2020 put the US behind the 8 ball (and more so the maga following). we’ve all seen the power his words can wield is certain situationsOverlander wrote: ↑Wed Nov 29, 2023 1:43 pm That is seriously discounting the fact that the response would have been more proactive.
You know, like the leader of the free world not treating a highly transmissible disease as a personal affront to King Cheeto
Moral of the story is? Less than 52% of voters elected a guy "way past retirement age" who possibly (probably?) has daily bouts where he doesn't remember he's the President and we have ourselves the "greatest President ever".
Jamie "I'm a More Negative Person Than Gutter" Dimon called.Shirley wrote: ↑Thu Nov 30, 2023 10:01 am If you're rooting against a recession and for a "soft landing", this is good news. Of course, nothing is certain, but if you're looking for signs that a soft-landing is more likely than a recession, that the Fed is less likely to increase rates again or hold them "higher for longer", &/or that the Fed might actually cut rates in the nearer future, this is a good sign.
Increased manufacturing implies there will be increased supplies of goods, and increased supplies of goods implies decreasing inflation.
Any reading of the index above 50 indicates improving conditions, while readings below 50 indicate a deteriorating economic climate.
Chicago PMI for November was the best report relative to expectations (55.8 vs 46.0) since September 2020 and the 5th best versus expectations since 1998.
Holy shit!!! Chicago #PMI went to the moon!
I don't know what the markets think of this over the short term, but THIS IS AMAZING!!!!!
What Is the Purchasing Managers' Index (PMI)?
The Purchasing Managers' Index (PMI) is an index of the prevailing direction of economic trends in the manufacturing and service sectors. It consists of a diffusion index that summarizes whether market conditions are expanding, staying the same, or contracting as viewed by purchasing managers. The purpose of the PMI is to provide information about current and future business conditions to company decision-makers, analysts, and investors.
KEY TAKEAWAYS
The Purchasing Managers Index is a measure of the prevailing direction of economic trends in manufacturing.
The PMI is based on a monthly survey of supply chain managers across 19 industries, covering both upstream and downstream activity.
The value and movements in the PMI and its components can provide useful insight to business decision makers, market analysts, and investors, and is a leading indicator of overall economic activity in the U.S.
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