How that Bidenomics going. Not so good is it. The Biden economic clock winding down.

https://www.zerohedge.com/markets/bidenomics-blowback-survey-based-sentiment-collapses-hope-evaporates

Bidenomics Blowback - Survey-Based Sentiment Collapses As 'Hope' Evaporates


Under the hood was even more problematic:

New orders fell at a faster pace; signaling contraction

Employment fell at a slower pace; signaling contraction

Inventories fell at a faster pace; signaling contraction

Supplier deliveries fell and a faster pace; signaling contraction

Production fell at a faster pace; signaling contraction

Order backlogs fell at a slower pace; signaling contraction

Worse still, Prices paid rose again!

So, in summary: slower growth, declining production, shrinking orders, falling employment... and accelerating inflation - is it any wonder that 'soft survey' data is collapsing - not exactly election-winning headlines.




Biden's foreign policy is just as bad--- a bad joke.

FJB MEGA 2024

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