
Powell Promises Pain, Markets Deliver – Ep 836
The Peter Schiff Show Podcast
00:00
The Service Sector Is the Worst in the World
The manufacturing p m i went down from 52 point two in july to 51 point three in august. That is the lowest it's been since may of 20 20. The expectation was for a rise to forty nine point two. Instead, the index collapsed all the way down to forty five. In fact, forty five is a lower p m i than any european nation that is reported p m i. I think it's lower than any nation in the world. How can the us. Economy be the strongest in the world, which is what president byden continues to claim, if we have the lowest p m i in the world?
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