The June ISM: Another Stagflating Report ...

07/01/08 10:16AM EDT
No change in new orders; No change in the absolute level of 50 versus the May report. Prices paid inflated another +5.2% month over month however. Slowing growth as inflation accelerates = Stagflation.

You don't need a PhD in Economics from Yale to figure this out.
KM
© 2020 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.