US economy flirts with stagflation while Starbucks wonders where the customers went
“The ISM Services prices paid index jumped to 69.9, signaling rising costs, while services employment fell to 46.4, indicating contraction in jobs.” https://www.reuters.com/world/us/us-services-activity-flatlined-july-ism-data-shows-2025-08-05/ “U.S. factory orders dropped 4.8% in July, matching forecasts but showing weakening manufacturing demand.” https://www.reuters.com/markets/us/us-factory-orders-drop-july-2025-08-04/ “Goldman Sachs reported a net downward revision of 258,000 jobs over May and June 2025, the largest …
