John Rubino returns… Lots of signs that the economy is rolling over and the recent big jobs report was deceptive. Falling commodity prices, especially oil down into the 80s today. Supply of housing is exploding. Homebuilder confidence plungest to Great Recession levels. New energy bill has resulted in Ford raising EV prices by even more. NY Fed manufacturing survey just had its second-biggest drop ever, now into contraction.
Sign up (on the right side) for the free weekly newsletter.