Manufacturing Contracts, Goldman’s Capex Tracker Dips, and Business Inventory Nears Contraction Levels, Echoing Troubling Precedents

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The convergence of contracting manufacturing, a downward trend in Goldman’s Capex tracker, and business inventory nearing contraction levels raises ominous parallels with past economic downturns. This alarming pattern, witnessed during the Dot Com bubble, the Financial Crisis, and the Pandemic, underscores potential challenges ahead for the economy.