The ISM Purchasing Managers Index in May continued it’s downward trend it came in at 48.5. The previous month was 48.7 for April, and the average prediction by economists was 49.5. This is the third month of decline; anything below 50 is contraction in Manufacturing. Source TradingEconomics.com also the supreme leader Trump has brought in 50% Tariffs on Steel and aluminium imports. we find his behaviour rather erratic, given that he has gone back on what he agreed with China. Given the drop-off in port activity and the slowing of the USA economy over the last three months, we can only gauge that Trump’s popularity will drop off a cliff along with employment figures. Is he speaking the same language as everybody else? It is important for him to stop banging on about Trade Tariffs and get the USA economy back on track, i.e. expansion, not contraction. Protectionism is not working, and the economy is slowing; we feel it will accelerate into a free fall. Most of the successful companies in the world and economies rely on Global Trade and Cooperation. Stop drinking your herbal teas and hippy idilism, have a shot of expresseo, get off the hard drugs and take your medication.

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