CD Media

OBiden Economy – Manufacturing Collapses, Inflation Continues To Burn Hot

Cartoon, “Wall Street bubbles – Always the same”. American financier J. P. Morgan is depicted as a bull, blowing soap bubbles for eager investors

Please Follow us on GabMindsTelegramRumbleGab TVGETTR

This is a disaster, and exactly what OBiden wants – the destruction of the American economy and a slide into hyperinflation, the territory of despots and banana republics.

Manufacturing in NY collapsed to levels unexpected.

Hyperinflation is raging as Biden wants to pour gas (money) on the fire with another ‘stimulus’.

PPI is costs to producers which will flow of course to consumer inflation.

Financial markets are higher today on news the Russian Federation may be removing armored vehicles from exercises in Belarus.

NY Empire State Manufacturing Index (Feb) printed at 3.1 vs 12.5 consensus estimate.

Producer Price Index (MoM) (Jan) printed at 1% vs 0.5% estimate.

Producer Price Index (YoY) (Jan) printed at 9.7% vs 9.1% estimate.

Producer Price Index ex Food & Energy (MoM) (Jan) printed at 0.8% vs 0.5% estimate.

Producer Price Index ex Food & Energy (YoY) (Jan) printed at 8.3% vs 7.9% estimate.

Redbook Index (YoY) (Feb 11) printed at 15.4%.

CDMedia is being targeted and obviously too effective! We need your support to put more reporters in the field! Help us here!       

Related posts

Turkey Faces Massive Currency Fire-Sale As Lira Plunges

CD Media Staff

Rising Interest Rates May Blow Up the Federal Budget

CD Media Staff

Trump Blocks US Chip Shipments To China’s Huawei

CD Media Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!