PMI reports show downtrend; Empire State anomaly corrected, manufacturing in recession for two years.

Empire Fed Manufacturing index drops to 0.2, biggest fall since May 2023. I predicted this last month when it went ridiculously high for one period. A couple of things on PMI reports: First, don’t take any new print to mean anything significant. It’s a jagged sawtooth because they don’t do backward revisions. Just follow the …

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New investigation reveals Biden’s public remarks had to be corrected by the White House over 100 times.

An in-depth analysis of White House transcripts uncovers a startling trend: corrections to President Biden’s statements have occurred a whopping 148 times since the year started. This review by the Daily Caller underscores concerns about accuracy and consistency in Biden’s public communications. Key Points: 148 corrections made to Biden’s public remarks since January 1, 2024. …

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