Thread: The New “What did you do with your Z today” (with off topic replies) XXXX
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Old 04-25-2023, 10:43 AM   #10735 (permalink)
vtec to vvel
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Originally Posted by vtec to vvel View Post
https://www.cnn.com/2023/04/24/econo...ogs/index.html

"Layoffs loom in the US manufacturing sector as backlogs shrink."

Messing with in-house manufacturing (and thereby lessening in-house supply) WILL affect the economy in a VERY BAD way
https://www.cnn.com/2023/04/25/busin...ffs/index.html

"3M announces mass layoffs as manufacturing slows."

https://www.cnn.com/2023/04/25/busin...own/index.html

"UPS flashes a warning sign about the US economy."

The effects are almost immediate when they decide to mess with manufacturing. This is going to effect in-house AND global economy.

Really high rates -> less spending -> less supply -> less manufacturing = economic disaster

Feds, in this particular economic situation, NOW is the time to reduce rates, NOT during a recession.
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