ECONOMICS

Despite the plunge in 'hard' data in September, the Manufacturing PMI rose to six-month highs (but still sub-50). However, more notably,  the Services PMI tumbled to 50.1 (barely in expansion), its lowest level since January.

Source: Bloomberg

ISM Services – for once – agreed with PMI Services, sliding to 53.6…

Source: Bloomberg

…with new orders plunging and employment tumbling and prices sticky…

Source: Bloomberg

As (more…)

Authored by Michael Maharrey via SchiffGold.com,

We keep hearing about a “soft landing.” According to government officials, central bankers, and mainstream financial media pundits, the US economy has dodged a recession.

So why are recession warning signs still flashing?

Most major financial institutions and high-profile economists have abandoned or significantly downgraded their recession projections. Those that still still forecast an economic downturn predict it (more…)

Just when the Fed thought that the White House had instructed Biden's Department of Labor to go easy on the fabricated data, and after several months of declining job openings and easing payrolls in line with an economy that is gradually slowing if not outright falling into a recession, moments ago the BLS absolutely shocked and stunned markets, strategists and economists when the DOL decided to come up with the biggest data fabrication in years, and reported that in August job openings (more…)