Wisconsin native. "The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC "Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton "The only objective of Liberty is Life" --G K Chesterton "A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
The Purchasing Managers' Index for June took a steep slide to ~47, meaning that manufacturing in the US is contracting.
This coincides with accelerating inventory reduction causing a deflation of prices, a reduction in purchases, and a reduction in backlog.
Altogether, not promising.
No comments:
Post a Comment