Kansas Manufacturing Reverses Market

August 22, 2019
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Kansas Manufacturing Reverses Market
US Manufacturing charts

U.S. PMI came in this morning at 49.9 vs expectations of 50.5. The reading below zero suggests an economy that may be contracting.

The Kansas Fed manufacturing activity was reported at a reading of -2 vs -10 consensus. The market rallied shortly after this report after falling most of the morning.

“As I look at where the economy is, it’s not yet time, I’m not ready, to provide more accommodation to the economy without seeing an outlook that suggests the economy is getting weaker," said conference host and Kansas City Fed President Esther George, reported Bloomberg, rebuffing President Trump's call for lower short term rates.

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The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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