# Crisis time

By [cs36m8](https://paragraph.com/@cs36m8) · 2022-07-23

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美国PMI所有主要成分低于50荣枯线，两年多来首次。芝加哥PMI变化已经到了衰退水平。在此水平，只有80/90年代中期因降息而避开衰退。 PMI BELOW 50, 1ST in >2yrs. Chicago PMI change already at recession level. Only mid 80/90 was recession avoided when PMI at such levels ‘cos rate cuts.

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*Originally published on [cs36m8](https://paragraph.com/@cs36m8/crisis-time)*