General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUS Manufacturing Pull back speeds up
https://www.cnn.com/2019/10/01/investing/dow-stock-market-today/index.html"The ISM manufacturing index dropped to 47.8 in September, compared with the Refinitiv consensus forecast of 50.1. A level above 50 marks growth. It was the lowest reading since June 2009, which was the last month of the recession, according to the Institute of Supply Management."
2nd month in a row manufacturing in the US has shrunk, this index reading the lowest since the Bush Great Recession.
1 more sign of a recession to add to the pile of other signs. Trade war is taking its toll.
Bernardo de La Paz
(49,005 posts)Johnny2X2X
(19,066 posts)The nature of the markets is pretty complex. Bad news after bad news can pile up, but the roles of the fed, politicians in charge, and a lot of the investment analysts are to prop the market up. So you're going to have a lot of people talking and propping it up long after they all know a recession is assured. I don't think we're too that point yet, but it seems every week we see more indicators.
This indicator is another very reliable recession predictor, and it predicts recessions in the near term, so it could be close now.
Newest Reality
(12,712 posts)We will have so much losing that we will get tired of losing. The impact takes time, but it looks like it could snowball down the mountain. The Trump Recession is underway.
That's all I have seen out of Benedict Manson's MisAdministration. Take away, lose, destroy, pillage, etc. I wonder how much he and his cronies are cashing in on it all. Oligarchs do that and tin pot dictators dictate.
CrispyQ
(36,478 posts)Johnny2X2X
(19,066 posts)Don't even have to look nationally, take a look around locally. The Bush great Recession and housing crisis devastated housing values, in my town a hand full of real estate/property management companies bought hundreds of houses at auction and now are renting them at inflated prices. They've probably been selling them back to families in the last year because they know they're about to be worth half of what they are now.
Hoyt
(54,770 posts)Boxerfan
(2,533 posts)Clunky at best.