And lo, the Eye of Sauron cast its baleful gaze upon manufacturing, and manufacturing did wither. CNN Business: The Dow fell nearly 350 points Monday, as stocks finished sharply lower after a key economic report showed that American factory activity fell for a second month in a row in September. The ISM manufacturing index…
Category: Manufacturing
Two states vital to Trump's reelection are shedding manufacturing jobs
If Donald Trump sets his mind to something, you can pretty much guarantee it’s going to go the other way. (Please, please, please, Melania — can you convince him to focus more on his health?) Pennsylvania and Wisconsin — states that Trump narrowly won in 2016 on his way to an Electoral College victory/popular vote…
Key manufacturing index signals contraction for the first time since 2009
In the latest indication that Donald Trump’s casino-killing magic has at last gone global, the U.S. manufacturing PMI recently shrunk to its lowest level since September 2009. You’ll recall that Trump has been laser-focused on reviving U.S. manufacturing — just as he was once laser-focused on selling steaks through a mail-order catalog. In other words, he’s…
American Manufacturing Sector Is Already in a Recession.
Did you know that the manufacturing sector of the U.S. economy was already in a recession? Manufacturing fell at a 2.2% rate in the second quarter after a 1.9% drop in the first three months of the year. This is not the dreaded Media trying to rattle Americans. It’s those Trump disloyalists — according to the orange…
Trucking activity has dropped off big-league, possibly signaling an economic slowdown
Trucking and shipping are the lifeblood of our economy, just as lard and cheap Christmas fudge are the lifeblood of Donald J. Trump. When any of these slow or clot up, the patient is about to faint. Well, look out, and grab onto your doubloons. As the Fed considers whether to begin cutting rates or…