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Deepening Stagflationary Contraction

…Wednesday’s ISM services report assumes even greater importance. The Bonddad Blog “ISM manufacturing confirms regional Feds’ reports: prices up, production improves slightly, employment contracting,” Angry Bear by New Deal democrat…

March industrial production

…*are.* And what yesterday’s release showed us, for the about the sixth month in a row, is that the coincident economy is stagnant (but not contracting!), with the big exception…