Slowdown! US PMI Composite Index Slumps To 44.6 As M2 Money Growth Slows (Fed Tightening Starting To Hurt)

The US Composite PMI was released this morning and it printed at 44.6.

Not surprising given that M2 Money growth has slowed as The Fed removes its monetary punch bowl.

M2 stimulus is foul-tasting for the middle class and low-wage workers thanks to inflation.

To quote Marty Stuart and Travis Tritt, “This one’s going to hurt you for a long, long time.”