Do you want a $5.50 (U.S.) cup of coffee with your 'recession' or stagflation? (part 2)
Above chart shows the Purchasing Managers Index (PMI) in its 5th month of a declining U.S. manufacturing sector and the Coffee futures Price (bar chart), which is now on a forever Climate Change incline.
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Currents news headlines for both the PMI and Coffee price:
- US manufacturing PMI sends warning signals on economic conditions - S&P Global
- US manufacturing mired in weakness; construction spending falls - Reuters
- Economic activity in the manufacturing sector contracted in August for the fifth consecutive month and the 21st time in the last 22 months - PR Newswire
- Coffee prices settle higher as dry conditions persist in Brazil - Barchart
- Coffee increased to a near 13-year high of 261.30 USd/Lbs - Trading economics
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I've also increased the cup of coffee from $4.50 to $5.50 (USD).
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