from King World News
The US economy is shutting down rapidly – expect widespread unemployment and much higher inflation.
THE U.S. ECONOMY IS SHUTTING DOWN RAPIDLY
February 26 (King World News) – Gregory Mannarino, writing for the Trends Journal: Business activity here in the U.S. and around the world has not just stalled, it is contracting.
This past Friday here in the U.S., the Business Flash PMI, by their own numbers, showed a sharp contraction in business activity. This most recent fall in business activity is following a drop in January of the Business Flash PMI to a nine-month low. Moreover, the S&P Global U.S. February flash services PMI came in at 49.7, vs an expected number of 53.0 (any reading below 50 indicates contraction).