Bidenomics! US Factory Orders Decline YoY For First Time Since Oct 2020 As Fed Retreats (Economy Is Slip, Slidin’ Away!) – Confounded Interest – Anthony B. Sanders

The closer we get to the 2024 Presidential election, the more the economy is slip slidin’ away.

As Powell and The Gang raise interest rates, the more the economy is … slip slidin’ away. US Manufacturers New Orders YoY in May declined -1.0% for the first time since Covid.

But as M2 Money growth slows, its getting late in the election cycle.

Too soon?