Gloomy December: Manufacturing Orders From China Are Down 40 Percent As Companies Brace For A Brutal Holiday Season

 by Michael

We continue to get more evidence that the U.S. economy is really slowing down.  As you will see below, the amount of stuff that we are ordering from manufacturers in China is plunging dramatically.

  I have never seen a dip of this magnitude before, and I think that it is a really bad sign for 2023.  Based on all of the economic numbers that have been released in recent weeks, I anticipate that economic conditions in 2023 and beyond will be worse than anything that we have experienced since the Great Recession. 

So I would encourage you to enjoy the next few weeks while you still can, because once 2023 arrives we will want to brace ourselves for an extremely harsh economic environment. (Read More…)

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