manufacturing recession

Way Beyond The ‘12%’

By |2019-08-22T19:09:38-04:00August 22nd, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It’s becoming fashionable again to dismiss manufacturing. In 2015, we heard repeatedly how it represented only 12% of overall economic output. Any minor problems affecting such a small slice would surely be nothing much for the other seven-eights of the economy to overcome. There was no way Yellen’s rate hikes and the booming recovery they [...]

The Correlations Behind The Rate Cut(s)

By |2019-07-31T12:23:14-04:00July 31st, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In every likelihood, the Federal Reserve today is going to join other central banks around the world who have already cut rates. It is the synchronized signal completing the turn from globally synchronized growth into a globally synchronized downturn. To most people in the United States, at least, this is a puzzling shift.   The [...]

Nastier Number Four: A Broader Industrial Base On The Wrong Side

By |2019-07-16T16:20:04-04:00July 16th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

There’s always weakness even in the most booming of economies. Even in the real booms, not the 2017 hysteria kind, not all cylinders will be firing. What makes them real, however, is when the vast majority are. The concept behind globally synchronized growth was a valid one, it just never came out in practice. The [...]

Manufacturing Cross-Currents

By |2019-06-26T12:49:37-04:00June 26th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

ACT Research, the leading publisher of commercial vehicle industry data in North America, reported last week that freight rates in for-hire trucking had declined in May. It was the fourth month in row when prices had been pressured. More and more, there is a downturn growing in the transportation sector. Commenting on freight rates, Tim [...]

US IP: May Was A Good Month And It Was Still ‘Manufacturing Recession’

By |2019-06-14T19:00:11-04:00June 14th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Whether or not a full-scale recession shows up in the US is an open question. There’s less of one in US industry. The “manufacturing recession” we last saw of Euro$ #3 is becoming clearer as a repeat property in Euro$ #4. According to the Federal Reserve, May was a relatively good month for industry – [...]

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