Tuesday , July 16 2019
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NT Manufacturing, Home builder index, Earnings

Summary:
Last months spike up that was hailed as a turn around now looks like an aberration: NY Manufacturing Falls The Most on Record The New York Empire State Manufacturing Index plummeted 26.4 points from the previous month to -8.6 in June, missing market expectations of +10. That was the largest monthly decline on record, due to drop in both new orders and employment, while shipments increased at a slower pace. The Trump tax cuts gave a one time boost to earnings, and now the tariffs are working against earnings:

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Last months spike up that was hailed as a turn around now looks like an aberration:

NT Manufacturing, Home builder index, Earnings

NY Manufacturing Falls The Most on Record

The New York Empire State Manufacturing Index plummeted 26.4 points from the previous month to -8.6 in June, missing market expectations of +10. That was the largest monthly decline on record, due to drop in both new orders and employment, while shipments increased at a slower pace.

NT Manufacturing, Home builder index, Earnings
The Trump tax cuts gave a one time boost to earnings, and now the tariffs are working against earnings:

NT Manufacturing, Home builder index, Earnings

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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