Article

2022-08-16 Economy

Not a Recession: New York State Manufacturing Index Falls Into a Major Contraction, The Worst Collapse Since 9/11

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Posted by DarthVader 2022-08-16 00:00|| || Front Page|| [4 views ] Top

#1 Across this country. Major consumer cutback on expenditures. Many reasons. Fear of winter fuel costs for homes or transportation. Video toll rolls popping up. Back to school and so on. Increased taxes on everything. Soon you will prepay your death taxes.

Posted by Dale 2022-08-16 03:50|| 2022-08-16 03:50|| Front Page Top

#2 I am a bit surprised by all of this. The Fed has only raised short-term interest rates to (gasp!) 2 1/2 percent; and the long-term mortgage rate is hovering around 5 percent. These are very, very low rates by comparison to any era except the immediately preceding few years.

Posted by Tom 2022-08-16 11:25|| 2022-08-16 11:25|| Front Page Top

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