Shipping index jumped 7pts
Employment index jumped 12.2pts
Prices paid index jumped 20.2pts
Prices received index jumped 7.8pts
Future employment index jumped 5.6pts
Future general activity index dropped 11.8 pts
New orders index dropped one 1pt
Current general activity index only dropped by 4.8 pts (less than expected)
"Listen to the fake media, make reasonable decisions based on that information, get negatively hit by the reality 2x4"
In this negative feedback loop. The more the fake media screams about a coming recession that isn't there, the less likely that recession is too occur.
Higher wages as businesses are forced to rapidly hire people to meet unexpected demand.
Loss sales as inventories are too low to meet demand.
Lower profit margins as their costs increase and they are unable to pass along the costs to consumers because many companies didn't listen to fake media.
Loss of gains in the stock market as investors who listened to the fake media are on the wrong side of the trade.
Loss of votes to those politicians pushing the recession narrative.
There are many other negatives.