Chicago PMI Plunges to 37.9, Stagflation Looms  Remember the good times back in November 2023 when the Chicago PMI was at its highest point in two years?  Well, things have taken a turn for the worse since then.  The PMI has been on a downward spiral for five consecutive months.  April's data just came out, and it's not what we ...

US GDP Plunges in Q1, Raises Stagflation Fears  If the Biden administration wanted the Federal Reserve to consider lowering interest rates and implementing monetary easing before the election, they would need to see signs of significant economic decline in the US right about now.  That's why it's not surprising that the Biden Bureau of Ec...