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A gauge of U.S. manufacturing showed the lowest reading in more than 10 years in September as exports dived amid the escalated trade war.The U.S. manufacturing Purchasing Managers’ Index from the Institute for Supply Management came in at 47.8% in September, the lowest since June 2009, marking the second consecutive month of contraction. Any figure below 50% signals a contraction.The new export orders index was only 41%, the lowest level since March 2009, down from the August reading of 43.3%, ISM data showed.“We have now tariffed our way into a manufacturing recession in the U.S. and globally,†said Peter Boockvar, chief investment officer at Bleakley Advisory Group.
what has changed from 2016 to 2017 when it started going down ?
The midterm elections and the house of reps becoming infested with rats.
Did anything pass into law that made this happen? I figure the President could just veto that if he came across it
Trump is blaming the Fed. And the Dow dropped over 343 points, blaming this survey news.It's not good, no matter how you slice it.
The market will be back up tomorrow. Don't fall into the trap.
Maybe. But that's not the point. Point is that Trump's supposedly great economy is showing cracks. If this allegedly great economy, which was always Trump's big selling point, falls apart, it's going to have a significant impact upon his 2020 chances. Trump can blame everyone and anyone he wants -- he always does -- but if the toilet flushes, the blame will be laid at his feet.