Home Investing and Finance New orders are on the lowest because the pandemic. ISM in China,...

New orders are on the lowest because the pandemic. ISM in China, US and EU have dipped… Yeah, it doesn’t look bullish on the market – Funding Watch



Stagflation Nation: America’s High Inflation and Slowing Economic Growth

Much of this week has been spent talking about the “r” word. A more precise description of where things stand is the “s” word: stagflation.

Global Recession Spreads, European Factory Activity Contracts in July, Japanese Factory Activity Also Drops

In addition to the contraction in South Korean manufacturing announced last night, European manufacturing and factory activity is also contracting with less output, higher buildup of inventory and fewer orders for finished goods.  The global recession is being measured fast and furious.

Every economic outcome is connected to a purposeful decision by the leaders of western industrialized nations to follow the Build Back Better climate change agenda.  Higher energy costs, an outcome of the collective policy to stop new production of coal, oil and gas, which has transferred into higher food prices, farm prices, gasoline prices, heating and cooling prices as well as electricity rates, is forcing consumers to stop purchasing non-essential products.

The sale of durable goods collapsed in the first half of this year; however, no policymakers or bankers wanted to admit it and they kept saying there was an excess of demand.  Now, with fewer customers for durable goods in the market, global manufacturing and factory outputs are dropping fast.  Eventually the central planners are going to have to admit their pretended demand does not exist.

While there is a natural lag in the activity, the rate of factory contraction will be proportionate to rate of the drop in demand.  Meaning we have only just begun to see the manufacturing decline that lags a few months behind consumer activity.

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