ISM manufacturing index and ISM services index strong and higher than expected. Factory orders higher than expected, and motor vehicle sales better than expected. And it looks like the virus resurgence has levelled off and is starting to abate.
I hope we can keep the momentum going.
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The last time it peaked it was under the presumption that Obama would tank the economy. They all lost their shirts on that bet.
I like the underlying logic, though. We are going to need to run the dollar printing machine 24/7 to pay for all this stimulus and at some point the world is just going to say fuck you. While that’s been wrong in the past, these are a different class of numbers.
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I kid, of course.
Cheers and enjoy the good news.
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will rejoice, not as much as China and the globalists.