Connect with us

Hi, what are you looking for?

Major Trade Flow – Investing and Stock NewsMajor Trade Flow – Investing and Stock News


BIDEN ECONOMY: Now Manufacturing and Service Industries Report Sluggish Demand

While top US economists argue over whether the Biden economy is in a recession or not, more bad news shows the economy is in a free fall. 

We reported moments ago on the group in Boston who has the job of determining whether the US is in a recession or not.

Far-Left Group in Boston Making Official Edict on Biden Recession May Wait Till After 2022 Election

News coming from manufacturers and service providers shows more evidence that Biden’s economy is falling.

US business activity contracted in July for the first time in more than two years as manufacturers and service providers signaled sluggish demand that only adds to heightened recession anxieties.

The S&P Global flash composite purchasing managers output index slid 4.8 points to 47.5, the weakest reading since May 2020, the group reported Friday. Outside of the early months of the pandemic, the July figure is the weakest in data back to 2009. Readings below 50 indicate contraction. The new orders gauge expanded modestly after contracting the previous month.

The determination of whether the US is in a recession should be easy for the top economists to determine.  Biden’s economy is not Trump’s economy.  It’s the opposite. 





The post BIDEN ECONOMY: Now Manufacturing and Service Industries Report Sluggish Demand appeared first on The Gateway Pundit.

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like


Guest post by Leo Hohmann For safety reasons the structure has been completely demolished.’ – Georgia Bureau of Investigation The Elbert County Georgia Sheriff’s Office...


2022 Election Biden Is Very Unpopular. It May Not Tell Us Much About The Midterms. By Nate Silver Jul. 15, 2022, at 6:00 AM...

Editor's Pick

Humans have a natural avoidance of pain. And it’s no different in trading. Most traders fear losses more than they enjoy their wins. After...


(Guest post by Leo Hohmann printed with permission ) New insight on Klaus Schwab’s ‘You will own nothing and be happy’: How AI and...