Independent thinking for complex markets and current events
Authored by Mike Shedlock via mishtalk, The ISM report for August reads like mild stagflation. ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® Please consider the August 2025 Manufacturing ISM® Report On Business® by Susan Spence, Chair of the Institute for Supply Management®. “In August, U.S. manufacturing activity contracted at a slightly …
Everyone is pouring on the coal and running things as fast and hot as they can. by David Haggith The captains of industry are giving it all they’ve got, and inflation is heating up. So much for recession. US manufacturing activity just soared to its highest since 2022 upon strong sales, but is this a boom …
Another wave of closures and layoffs has hit workers and companies tied to commercial transportation, manufacturing, lumber production, distribution and logistics across the U.S. Over the past several weeks, there have been 4,137 job cuts announced, according to media reports and Worker Adjustment and Retraining Notification (WARN) Act notices. The companies facing layoffs include: Republic …
Source: https://t.co/P7adyN24PF — Jostein Hauge (@haugejostein) July 18, 2025
If anyone tells you that manufacturing in the U.S. is doing well, please show them this chart. 👇🏼 pic.twitter.com/3DPnB9DFiH — Kalani o Māui (@MauiBoyMacro) May 27, 2025
When is Trump going to understand these manufacturing plants aren’t ever coming back to the US? — QE Infinity (@StealthQE4) May 23, 2025 Link:https://t.co/BNK0ymdyFf — QE Infinity (@StealthQE4) May 23, 2025 *CUSTOMS DUTY REVENUE FOR MAY SO FAR HITS $22.3 BILLION RECORD — zerohedge (@zerohedge) May 23, 2025
Leading indicators suggest inflation is set to rebound: The index of prices paid by New York manufacturers jumped to 51 points in April, the highest since August 2022. At the same time, the Philadelphia manufacturing prices paid index rose to 51 points, the highest since July 2022. All while the Dallas and Kansas manufacturing prices …
The latest GDP data just dropped from the U.S., China, Europe, and Mexico… And at first glance?It doesn’t look disastrous.But under the surface — there’s a payback wave building.U.S. GDP shrank.China’s manufacturing is rolling over.Mexico barely avoided technical… — Jeffrey P. Snider (@JeffSnider_EDU) May 1, 2025
Logitech International manufactures most of its products outside the U.S., one of its largest markets, and plans to reduce reliance on China by shifting production to other countries. The company aims to cut the share of China-made goods shipped to the U.S. from 40% to just 10%. Logitech has been diversifying production since 2018, with …
In an ominous harbinger for the ISM manufacturing release later this week, the new order components of the regional Fed PMIs have collapsed deep into recessionary territory. pic.twitter.com/kjt4jiFGYQ — Peter Berezin (@PeterBerezinBCA) April 28, 2025 I speak with many CEOs who prefer not to have their names or companies mentioned, fearing how it could be …
Worst Dallas Fed manufacturing survey since 2020: New orders collapse.Prices paid soars. There’s a term for this. It’s called ‘margin compression’, and it’s deflationary for asset prices. pic.twitter.com/5HmmYd57T2 — Kalani o Māui (@MauiBoyMacro) April 28, 2025 Dallas Fed Manufacturing Index down to -35.80 (forecast-17, previous-16.30). 👇🏼 pic.twitter.com/isnBK90Tw2 — Kalani o Māui (@MauiBoyMacro) April 28, 2025 …
🇺🇸 Richmond Fed Manufacturing Index 6-month outlook for new orders -26. An all-time record low! Chart: @zerohedge pic.twitter.com/wmKOQNUzGZ — Alex Joosten (@joosteninvestor) April 23, 2025 Goldman Sachs, $GS, says to brace for a bigger stock drawdown, wider credit spreads and recession — unusual_whales (@unusual_whales) April 23, 2025 JPMORGAN: MIGRATION CONCERNS HURTING U.S. TOURISM This is …
A comparison of all five regional manufacturing indexes. 👇🏼 They are all collapsing. pic.twitter.com/cLaYdkJ8qC — Kalani o Māui (@MauiBoyMacro) April 15, 2025
by Mike Shedlock The share of manufacturing employment keeps declining. What role did NAFTA play? Contrary to popular myth, neither NAFTA nor China entering the WTO impacted long-term trends in manufacturing employment in place since 1953. Services vs Manufacturing Automation Irony Commerce Secretary Howard Lutnick said on CBS News that an “army of millions and …
Can Trump really bring U.S. manufacturing back? His bold use of tariffs is already sparking trillion-dollar investments – but rebuilding industry at home comes with massive costs and tradeoffs. We’re already seeing the short-term pain – here’s what comes next… By Peter Reagan One of Donald Trump’s big campaign promises had to do with bringing back …
HYUNDAI WILL USE BD ROBOTS AT NEW GEORGIA MANUFACTURING PLANT. HYUNDAI OWNS 90% OF BOSTON DYNAMICS. Video is interesting, it's the future of manufacturing.pic.twitter.com/C0DQDsG4Wh — Citizen Free Press (@CitizenFreePres) March 27, 2025
The European Union has just made a major move in trade policy that could reshape the auto industry in the U.S. They’ve slashed the tax on American-made cars from 12.5% to a mere 2.5%, effectively matching the U.S. tariff on European-made vehicles. This is a game changer, especially for automakers like Honda, who will now …
by Michael Is it just a coincidence that a large number of talking heads in the corporate media have all suddenly decided to start blaming Donald Trump for causing a “recession”? During the four years of the Biden administration those same voices insisted that there was no “recession” on the horizon even though homelessness was setting …
A high quits rate means employees are confident quitting because they believe finding a new, better-paying job will be easy. 2/ — Eric Basmajian (@EPBResearch) January 22, 2025 At EPB Research, we focus on the quits rate in construction and manufacturing — the two key swing factors in the labor market.https://t.co/unsbPbt8Za 4/ pic.twitter.com/b2ANDBYBlL — Eric …
ISM Manufacturing bringing the "stag" and the "flation" for Chair Powell… Stagflation: https://t.co/3yUmTD5B9w — Sold At The Top (@soldatthetop) January 3, 2025 ISM Manf. for Dec. came in at 49.3 (
NVIDIA has reportedly started to focus upon “custom chip” manufacturing, as the firm recruits several Taiwanese engineers to tap into the segment. NVIDIA Is Said To Implement ASIC Manufacturing With The New Taiwan R&D Center, Promoting Local Talent There’s always news around NVIDIA working upon the development of customized chips (ASICs), mainly since several tech …
Political Instability Rising populism signals widespread dissatisfaction with EU leadership. Countries like Hungary and Poland challenge Brussels, creating fractures within the bloc. The EU’s unity is an illusion, with deep divides on energy, immigration, and spending. pic.twitter.com/oNFScZtwpM — GoldSilver HQ (@GoldSilverHQ) December 18, 2024 Social Unrest Widening inequality is fueling protests and strikes across France, …
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 …
BREAKING: US ISM Services PMI index tumbled to 52.1 in November, well BELOW expected 55.7. At the same time, ISM prices paid jumped to 58.2, above expected 57.0. New orders and employment fell to 53.7 and 51.5 below expected 56.6 and 53.0 Are stagflation fears coming back? BREAKING: US ISM Services PMI index tumbled to …
Germany is not in a recession, German business model based on cheap energy from Russia, growing exports to China and cheap subcontractors in Eastern Europe is imploding. Grotesque overregulation, green paranoia and ideological amateurs in key government positions do the rest. https://twitter.com/MichaelAArouet/status/1854439365608423836 Europe's Manufacturing "Powerhouse" in shambles pic.twitter.com/SYtIymSVcX — The Macro Guy (@SagarSinghSetia) November 7, …
Lost in the payroll mess, the ISM (manu) dropped to fifteen-month low not far off it. Worst part of it is how employment has dropped off during the summer, more evidence aligning with payrolls, hiring, layoffs, nominal incomes, etc. Firms have been cutting back production, trimming hours, reducing headcounts, and backlogs are still declining at …
https://x.com/TruNorthAdvice/status/1852330810516406334
by confoundedinterest17 Perhaps Harris/Walz should adopt the Imperial March from Star Wars as their theme song. Between Biden/Harris uncontrolled immigration disaster helping to destroy New York City, Harris’ statement that she won’t do anything differntly from Biden/Harris is alarming. The NY Empire survey crashed from +11.5 to -11.9 – the lowest since May. That is the biggest MoM drop …
September @KansasCityFed Manufacturing Index down to -8 vs. -5 est. & -3 prior … new orders slipped to -14 (-12 prior); workweek declined to -15 (-10 prior); production fell to -18 (+6 prior) … employment fell to -11 (-7 prior), taking out improvement in August pic.twitter.com/x0q2QUV1Y3 — Liz Ann Sonders (@LizAnnSonders) September 26, 2024 "There …
“I’m just notifying John Deere right now, if you do that we’re putting a 200 percent tariff on everything you want to sell in the United States,” former President Donald Trump vowed during a roundtable discussion held in Smithton, Pennsylvania, on Monday.