Stocks Plunge, Manufacturing Falls Again And More Layoffs – But Everything Is “Fine”???

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New Tariffs, Stocks Plunge, Manufacturing Falls Again And More Layoffs – But Everything Is “Fine”?

At this point, stock prices are completely and totally disconnected from economic reality.  As stocks hit record high after record high in July, bad economic news just kept pouring in.

Of course August certainly just started off with a bang.  On Thursday, we learned that a key measure of U.S. manufacturing activity has fallen to the lowest level since September 2009…

The IHS Markit Manufacturing Purchasing Managers’ Index fell to 50.4 in July, down from 50.6 in June, driven by a weaker demand. The firm also noted managers’ signaled slower hiring.

via theeconomiccollapseblog New Tariffs, Stocks Plunge, Manufacturing Falls Again And More Layoffs – But Everything Is “Fine”?

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