(Not So Sweet Home) Chicago PMI Falls To 36.9, Manufacturing Index Slumps To -10.71 As Federal Spending Slows

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Sweet home Chicago … NOT!

The Biden/Harris economic “miracle” was simply massive Federal spending (and borrowing) combined with hiring Federal workers. This can be seen in the following chart of Chicago Fed manufacturing index compared with Federal spending. Great times in the first months of 2021, but as Federal spending slowed, so did the manufacturing index. Last seen at -10.71 in December 2024.

Joe Biden, sold his soul for family wealth at the crossroads in Delaware.


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Published by confoundedinterest17

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