Thursday, October 4, 2018
MarketWatch: “Another Key Barometer of U.S. Economy Hits Postrecession High: ISM Service Index Soars”
The Institute for Supply Management’s survey of non-manufacturing firms climbed to a 21-year high of 61.6 last month from 58.5. It’s the highest mark of the current nine-year-old expansion and the second strongest reading in the history of an index whose roots stretch back to 1997.
Numbers over 50% are viewed as positive for the economy, and anything over 55% is considered exceptional.
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All 17 industries tracked by the ISM reported growth in September. Many companies saw an increase in new orders and they hired more workers. A gauge measuring employment rose to a record 62.4.
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The economy is going strong and appeared primed for a strong holiday season to finish out the year. The latest ISM survey shows little likelihood that growth will slow anytime soon, and the recent trade agreement with Canada is sure to further ease the worries of corporate America.
RED WAVE? Trump Rallygoers Say They're Voting in Midterms for First Time Ever
At the packed Trump rally in Johnson City, Tennessee on Monday, Infowars reporter Millie Weaver found a host of Trump supporters saying they're planning to vote in the midterms for the first time ever.
"I've never voted in my life," one man in his 30's said. "I'm a business owner, and been struggling for a long time, and it's really turned around in the last couple of years, the economy's great, I'd imagine Trump had something to do with that."
Another man said, "To be totally honest with you, I'm 35, but I guess technically I'm still a millennial even though, you know, I don't identify in that manner and I wasn't so politically active until Trump came along, so no I haven't voted before."
Another said he's voting for the first time because of all the establishment's "corruption" and "using our intelligence agencies" for "politically motivated" ends.
A middle-aged man told Weaver he's voting "to keep folks like Maxine Waters and the rest of the tribe out of power."
"All the crazy people!" his young daughter interjected.
Asked if they think there will be a "Blue Wave," one young man said, "I think the blue wave actually isn't going to happen because all of the moderate Democrats are going to flee because of the social wave that's going on."
He pointed to his friend who exclaimed, "I was a Democrat, Trump changed my mind!"
According to a report Tuesday in The Hill, a record...
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