America's post-Covid factory boom is running out of steam

[mahatmakanejeeves]

Last edited Wed Jul 31, 2024, 09:22 AM - Edit history (1)

America’s post-Covid factory boom is running out of steam

4 min read
29 Jul 2024, 11:38 AM IST
Bob Tita , The Wall Street Journal
https://x.com/bob_tita
[e-mail]

Companies are laying off employees and cutting production to counter falling orders and rising inventories.

More U.S. manufacturers are rethinking their plans as they brace for an extended slump in demand.

Higher interest rates, rising operating costs, a strengthening U.S. dollar and lower selling prices for commodities are dampening activity at factories across the country. Executives for the makers of long-lasting items such as cars, crop-harvesting combines and washing machines are projecting challenging business conditions for the remainder of the year.

{snip}

[Klarkashton]

1. WSJ wants this so badly right now.

Summertime before an election is always slow.

[JT45242]

2. Wsj with doom and gloom predictions...shocking

They have predicting a recession for like 3 straight years post covid.
If they keep pushing it hard enough it might happen and their billionaire benefactors can bring on fascism as intended.

So sick of wsj acting like it can predict the economy.

[TheFarseer]

3. Demand for farm machinery-

Is down so much, they had to move some factories to Mexico. If you don’t see how that makes sense, you’re not alone. Wonder if some of the other companies have similar stories.

[Biophilic]

4. And, of course, none of this could have anything to do with the election.

[msongs]

5. rising inventories means prices are too high nt

[BComplex]

6. WSJ is now just another Murdoch rag. They have to slant things way to the right.

What might happen to their propaganda if they actually reported the news? Truth would ruin everything for them!

[progree]

7. Both archive copies at archive.is have comments hiding all but the first 2 paragraphs

Last edited Mon Jul 29, 2024, 06:14 PM - Edit history (1)

e.g. one copy is at https://archive.is/nVFdb
I tried both copies