{"id":48783,"date":"2019-10-02T15:38:16","date_gmt":"2019-10-02T20:38:16","guid":{"rendered":"https:\/\/olduvai.ca\/?p=48783"},"modified":"2019-10-02T15:38:31","modified_gmt":"2019-10-02T20:38:31","slug":"a-u-s-economic-slowdown-has-been-confirmed-and-we-are-being-warned-that-more-damage-is-ahead","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=48783","title":{"rendered":"A U.S. Economic Slowdown Has Been Confirmed, And We Are Being Warned That \u201cMore Damage\u201d Is Ahead"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/a-u-s-economic-slowdown-has-been-confirmed-and-we-are-being-warned-that-more-damage-is-ahead\">A U.S. Economic Slowdown Has Been Confirmed, And We Are Being Warned That \u201cMore Damage\u201d Is Ahead<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">We just witnessed the worst month for U.S. manufacturers in more than 10 years, and nobody seems optimistic that things are going to get much better any time soon.&nbsp; In fact, one expert is warning that \u201cmore damage\u201d is coming if the trade war is not resolved, and unfortunately it does not appear that a resolution will be possible for the foreseeable future.&nbsp; As I have been detailing&nbsp;<a href=\"http:\/\/theeconomiccollapseblog.com\/\">for months<\/a>, the entire global economy has been steadily slowing down, but some shocking new numbers that we just got indicate that our economic problems are really starting to accelerate.&nbsp; So hold on to your hats, because it looks like things are about to get really crazy.&nbsp; According to&nbsp;<a href=\"https:\/\/www.cnbc.com\/2019\/10\/01\/us-manufacturing-economy-contracts-to-worst-level-in-a-decade.html\" target=\"_blank\" rel=\"noreferrer noopener\">CNBC<\/a>, September was the worst month for U.S. factories&nbsp;<strong>in more than a decade<\/strong>\u2026<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>The U.S. manufacturing purchasing managers\u2019 index from the Institute for Supply Management came in at&nbsp;<strong>47.8%<\/strong>&nbsp;in September,&nbsp;<strong>the lowest since June 2009<\/strong>, marking the second consecutive month of contraction.&nbsp;<strong>Any figure below 50% signals a contraction<\/strong>.<\/p><p>The new export orders index was&nbsp;<strong>only 41%<\/strong>, the lowest level&nbsp;<strong>since March 2009<\/strong>, down from the August reading of 43.3%, ISM data showed.<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Those numbers are absolutely abysmal, and they were far worse than analysts were expecting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since December 2009, I have published more than 2,000 articles on&nbsp;<a href=\"http:\/\/theeconomiccollapseblog.com\/\"><em>The Economic Collapse Blog<\/em><\/a>, and in all that time we have&nbsp;<strong>never<\/strong>&nbsp;seen manufacturing numbers this bad.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/2019\/10\/01\/us-manufacturing-economy-contracts-to-worst-level-in-a-decade.html\" target=\"_blank\">to Peter Boockvar<\/a>, the chief investment officer at Bleakley Advisory Group, we have \u201cnow tariffed our way into\u00a0<strong>a manufacturing recession<\/strong>\u00a0in the U.S. and globally\u201d.\u00a0 So those that have been waiting for a \u201cmanufacturing recession\u201d to arrive can now stop waiting.\u00a0 It is here, and it is going to be very painful.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A U.S. Economic Slowdown Has Been Confirmed, And We Are Being Warned That \u201cMore Damage\u201d Is Ahead We just witnessed the worst month for U.S. manufacturers in more than 10 years, and nobody seems optimistic that things are going to get much better any time soon.&nbsp; In fact, one expert is warning that \u201cmore damage\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[4901,7452],"class_list":["post-48783","post","type-post","status-publish","format-standard","hentry","category-economics","tag-michael-snyder","tag-the-economic-collapse-blog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48783"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48783\/revisions"}],"predecessor-version":[{"id":48784,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48783\/revisions\/48784"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}