Monday, June 17, 2019

Bump the scary chart index?

This is New York only, but that is a big drop. It has been a while since this chart had any real green shoots.  New York is less important today than 2007, except as a boat anchor. But the side effects are large, Cuomo is going to be protective again, NYC might see some budget pain. The theme in the survey was 'contraction confirmed'

I am going to leave this as a potential bump of the scary chart index, a New York thing for now. But it is clear that MMT is increasing priced into the future, and manufacturing is a bit of the scaredy pooh.

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