ISM Services Index Hits Lowest Point in Four Years
242 sats \ 6 comments \ @TomK 3 Jul econ
The ISM Services Index has plunged to its lowest level in four years, raising concerns about the economic outlook. Key metrics have fallen short of expectations, with new orders at 47.3 (expected 53.6), employment at 46.1 (expected 49.0), and prices paid at 56.3 (expected 56.7).
Build Back Better seems to hit a wall. Maybe they should start government spending programs...
write
preview
related posts
42 sats \ 5 replies \ @Undisciplined 3 Jul
I don't foresee the establishment trying to help Biden out at this point.
reply
42 sats \ 4 replies \ @TomK OP 3 Jul
Maybe Kamala will start the real engine soon
reply
42 sats \ 3 replies \ @Undisciplined 3 Jul
I don't think they're going to try to help her either. It sounds like there's a fullblown civil war behind the scenes right now, with at least three factions trying to fill the power vacuum.
reply
42 sats \ 2 replies \ @TomK OP 3 Jul
If You see it that way (like I do, too) You might think of the possibility of strong movements of independence out of the societal centers
reply
42 sats \ 1 reply \ @Undisciplined 3 Jul
We've been having many very encouraging decentralization wins in recent years. Outside of the looming collapses in the progressive coastal states, things are looking up in America.
reply
42 sats \ 0 replies \ @TomK OP 3 Jul
I hope so
reply