Factory orders came in okay, joining a pretty good ISM (manufacturing) the other day while ISM (services) eased in May.
Could we be seeing a phase change, where old fashioned things like manufacturing and mining come back into play and newfangled things like all the ways this economy has been servicing itself take a step back? All under the pressure of a weakening US dollar?
Here is what some services people are saying. Some cracks beginning to appear in the Good Ship Lollypop’s hull.
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