Industrial production in America continues to slowly rise, in spite of the lockdowns and the corporate business news narrative. However, inflation is nowhere to be seen; in fact, deflation is a thing right now.
Financial markets are higher this morning on vaccine hope and expectations of divided government, so Wall Street can go back to sleeping with the enemy in Beijing.
We at CDMedia see the possibility of a correction as the election challenges continue and the public becomes more aware of the massive election fraud committed on Nov 3rd and the strong prospect of a Trump second term.
This is the role of independent media, to tell the truth that the corporate media is keeping hidden, hence creative destruction.
NY Empire State Manufacturing Index (Dec) printed at 4.9 vs 6.0 consensus estimate.
Import Price Index (MoM) (Nov) printed at 0.1% vs 0.3% estimate.
Import Price Index (YoY) (Nov) printed at the estimate of -1.0%.
Export Price Index (MoM) (Nov) printed at 0.6% vs 0.3% estimate.
Export Price Index (YoY) (Nov) printed at -1.1%.
Industrial Production (MoM) (Nov) printed at 0.4% vs 0.3% estimate.
Capacity Utilization (Nov) printed at 73.3% vs 72.9% estimate.
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