The New York Empire State Manufacturing Index (-0.7) is the first to reflect our projection for the decline in US manufacturing in 2022.
We had projected the US manufacturing life cycle below.
http://sg-stock.blogspot.com/2022/01/analyses-of-us-main-street-economic_9.html
2 comments:
with China start QE, how long period the QE takes? 2 years?
Well, the economic situation is very fluid. It depends on 2 factors: Pandemic & financial crisis.
Insofar, the US will be doing its QT until 2024 which includes hiking interest rates and FED asset sales. However, if a financial crisis happens in 2022 as we've projected, the US will rein in its QT and may even reverse it.
As for China, it will rein in its QE when it has stabilized its economy. China is targeting an average growth of 5-5.5% GDP growth for the next decade.
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