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Production Falls, Prices Up, Trade Balance Worsens…Welcome To OBiden’s New Normal…Despite Trillions In Stimmy Candy

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With well over $8 trillion in Federal spending being worked through Congress this year, the ‘stimulus’ sugar high is already beginning to wear off, after a few good months of low-information voter optimism.

The age-old socialist pattern of ‘take from the rich (and destroy small business) and spread the wealth (to people who don’t work) simply doesn’t work long term. Margaret Thatcher was of course right — eventually you run out of other people’s money.

Yesterday’s economic numbers showed a massive drop in American production as almost all analysts now agree inflation is coming.

Today saw the month’s trade imbalance numbers increase negatively for America yet again.

There is something our readers need to realize — OBiden is not about economics. He is not about a better future. He is not about fixing anything, or making your life, or your family’s life better.

He is about destroying the greatest economy ever known to mind. He is doing the bidding of his communist Chinese masters in their prosecution of ‘unrestricted warfare’.

Once you fully embrace that fact, everything that is happening makes complete sense.

Financial markets are falling on inflation fears this morning.

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Goods and Services Trade Balance (Mar) printed at -$74.4B vs -$74.5B estimate.

Goods Trade Balance (Mar) printed at -$91.6B.

Markit Manufacturing PMI (Apr) printed yesterday at 60.5 vs 60.6 consensus estimate.

ISM Manufacturing Employment Index (Apr) printed yesterday at 55.1 vs 61.5 estimate.

ISM Manufacturing PMI (Apr) printed yesterday at 60.7 vs 65 estimate.

ISM Manufacturing Prices Paid (Apr) printed yesterday at 89.6 vs 86.1 estimate.

ISM Manufacturing New Orders Index (Apr) printed yesterday at 64.3 vs 66.6 estimate.

Construction Spending (MoM) (Apr) printed yesterday at 0.2% vs 2% estimate.

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6 comments

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Sam-I-Am May 4, 2021 at 4:23 pm

Under PRESIDENT Trump our border was secure and we were energy independent. Then came along pedo Joe Biden and the DemocRATS. Just look at the horrible state of the nation now. after only 4 months.

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JOHN T. FOX May 4, 2021 at 6:43 pm

THE BIDEN GREAT DEPRESSION AND HYPERINFLATION HAS ALREADY BEGUN! THINK THE GERMAN WEIMIER REPUBLIC WHERE AN OLD GRAY HEADED MAN WAS PUSHING A WHEELBARROW OF $1,000,000 MARK BILLS JUST TO GET A GALLON OF MILK! THINK VENEZUELA WHERE THAT GALLON OF MILK THAT YOUR GOING TO PAY MILLIONS FOR IS NOT AVAILABLE TO BE BOUGHT! ADD TO THAT 20-40% UNEMPLOYMENT! CRIME, RIOTS, AND A WORTHLESS CURRENCY IS AMERICAS FUTURE!

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bill May 5, 2021 at 12:45 am

Kick God to the curb, reap the consequences.

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Amused_Traveler May 5, 2021 at 12:50 am

Much as I hate this illegitimate “administration” much of this damage was done in Trumps watch. He could have fired Fauci and Birx and brought Constitutional cases against governors shutting down their states citizens

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trackside May 5, 2021 at 11:54 am

So we added 700000 + jobs. That tells me they were crap jobs.

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Marcy Casterline May 10, 2021 at 1:07 pm

In your first paragraph, you insult average Americans by calling the stimmy sugar high of “low information” voters optimism. Optimism? No. I call BS on you. The sugar high came not from optimism, but from pessimism. They spent the money, probably the most money in one place they’d ever have, before they went back to their below subsistence level paying, hopeless jobs, where, if as Jerome Powell has said, if you ask for more than $9 bucks an hour, your job goes overseas. No, spending that money for a much needed brief respite from abject poverty was pure pessimism.

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