Contraction
15 mins read
When contraction is called expansion – Japanese government style – William Mitchell – Modern Monetary Theory – Beragampengetahuan
Well my holiday is over. Not that I had one! This morning we submitted the manuscript to the publisher for the Second Edition of our Macroeconomics text, which will come out later this year. Finishing a massive project like that always is non-linear – the last few months have been hideous – checking everything and […]
Manufacturing PMI Inches Higher, But Still Signals Industry Contraction, Cements Case For Interest Rates On Hold – SPDR S&P 500 (ARCA:SPY) – Beragampengetahuan
The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) saw a modest uptick to 47.6 in August, beating market expectations of 47. While this marks an improvement from the previous month’s nearly three-year low of 46.4, it still signifies the 10th consecutive month of contraction in manufacturing activity as the gauge remained below […]