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    Really Bad Economic Numbers This Morning For Biden Regime

    January 14, 2022
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    Economic numbers released this morning show Biden administration's policies pushing the United States economy into full-blown stagnation, meaning high inflation and a slowing economy, the worst of all worlds.

    The is a Jimmy Carter level misery index scenario on steroids.

    With recent consumer and producer inflation breaking all-time records, the significant drop in manufacturing and retail sales in December shown in the morning data heralds a new era in American daily life, and not in a good way.

    Of course, the is what the Chinese-bought Biden presidency* wanted all along, and they are getting their money's worth.

    Financial markets are off slightly on the data.

    Export Price Index (MoM) (Dec) printed at -1.8% vs 1.1% consensus estimate.

    Export Price Index (YoY) (Dec) printed at 14.7% vs 18.1% estimate.

    Import Price Index (MoM) (Dec) printed at -0.2% vs 0.3% estimate.

    Import Price Index (YoY) (Dec) printed at 10.4% vs 12.8% estimate.

    Retail Sales (MoM) (Dec) printed at -1,9% vs 0.0 estimate.

    Retail Sales Coantrol Group (Dec) printed at -3.1% vs 0.1% estimate.

    Retail Sales ex-Autos (MoM) (Dec) printed at -2.3% vs 0.2% estimate.

    Capacity Utilization (Dec) printed at 76.5 % vs 77% estimate.

    Industrial Production (MoM) (Dec) printed at -0.1% vs 0.4% estimate.

    Business Inventories (Nov) printed at 1.3% vs 1.0% estimate.

    Michigan Consumer Sentiment Index (Jan) PREL printed at 68.6 vs 70.0 estimate.

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    CDM Staff

    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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