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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

2008-06-30 US Economic Releases

Posted by WARREN MOSLER on June 30th, 2008


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Chicago Purchasing Manager (Jun)

Survey 48.0
Actual 49.6
Prior 49.1
Revised n/a

Better than expected.

Still on the soft side.

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NAPM-Milwaukee (Jun)

Survey 46.1
Actual 39.0
Prior 45.0
Revised n/a

Worse than expected.

GDP muddling through with the fiscal package supporting domestic demand as price pressures continue to escalate.


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