Post-pandemic supply chain disruptions are becoming a thing of the past
Check out the state of one of the drivers that exacerbated the inflation created by the Federal Reserve. As implied by our recent check-ups on the decelerating ISM and other manufacturing surveys, the Richmond manufacturing index shows that supply chain issues were so 2021. Here’s a compelling view from the always handy Daily Shot.
The Fed is fighting the last war and it is fighting that war because it know how it created its Frankenstein monster and it is going to make damn sure it kills it. Unfortunately, its only killing instrument is a blunt and brute force that will impair (at best) or croak the economy in 2023.
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