LGMS BERHAD
KLSE (MYR): LGMS (0249)
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Last Price
1.34
Today's Change
-0.01 (0.74%)
Day's Change
1.33 - 1.36
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84,300
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wallstreetrookie
9,784 posts
Posted by wallstreetrookie > 2022-08-02 06:54 | Report Abuse
Considering all the worries about how the U.S. might be on the cusp of recession, that is remarkable. The manufacturing index has regularly dropped below 50 even when there wasn’t a recession. It spent the last five months of 2019 below 50, for example, and five months from the end of 2015 through the start of 2016 there as well.
For its part, the ISM says that index readings below 48.7 over a period indicate that gross domestic product is declining. Yet even though the Commerce Department reported last week that GDP contracted again in the second quarter after contracting in the first, the manufacturing index is in growth territory. It is a reflection of what a strange state the economy is in right now, and of the odd juncture that U.S. factories are at
Heard on the Street | WSJ