Rev 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
“…the manipulation of money and goods is soon to be revealed as the main method of control imposed upon society by the Antichrist.”
-Jim Bakker in “Prosperity and the Coming Apocalypse”
Production declined and new orders plummeted in June marking the first decrease in US manufacturing in three years. The news comes on the heels of other countries like China having downturns in manufacturing.
“This is not good,” Dan Greenhouse, Chief Economic Strategist at BTIG told the BBC. “It is…a terribly weak number.”
The index of manufacturing activity fell to 49.7 in June, falling from 53.5 in May. Any rating below 50 indicates contraction in the manufacturing market. It’s the lowest reading since July 2009 a month after the “Great Recession” officially ended.
Stocks fell after the release of the report and continued to be down after the midday report.
Americans have decreased spending which drives 70 percent of manufacturing totals. With European economies in recession, US exports have taken a dive.
Economists are not predicting another recession because there needs to be a sustained rating below 43 to indicate a recession.
