Slow boat from China
NAB Morning Call
00:00
Inflation Continues to Bounce High, Is It?
The housing index fell below 50. So it's in in contraction. Infact, the n a h b, the housing association, chief economists, described it as a housing recession that's been bought on by fed and persistently elevated construction cost. The new new york empire state manufacturing index, that was expected to have a reader around five, came ina minus 31 point three. A forty two point drop. That can't be right, can it? I mean, and this is a massive under ship. Some analysts arer attaching to an even bigger fall than we had in the first month of the pandamic march 20 20. It's althought, you know, it has
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