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More alarming reports of business going dark all over the economy.

Eurodollar University

00:00

Introduction

The Chicago Fed put out its own PMI for non manufacturing. The number was down more than 30 points from May and minus 52.2 according to the Chicago Fed's number for services. That's the second lowest in history, only a fraction better than April 2020 when the entire country was locked down. Steve van meter: I think this is relevant because it was a even van meter Disney water park PMI.

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