Daily Archives: August 1, 2023

Rising stock markets overlook broad economic deterioration

The year-over-year leap in the Fed Funds Rate (inverted on the lower right in orange) is leading ISM new orders down (green line on the lower right). ISM new orders (lower left, in orange, since 2002) lead corporate revenues (green). … Continue reading

Posted in Main Page | Comments Off on Rising stock markets overlook broad economic deterioration