"Honestly, I do not think this economy can withstand the ravages of what it has experienced since 2021."

'Four more years' is not the message being heard from the regional Fed surveys this week as the Philly, Dallas, and Richmond business surveys all slumped deeper into contraction...

Source: Bloomberg

Actual CapEx is weak, New Orders are plunging, and the number of employees is tumbling...

Source: Bloomberg

Overall, respondents’ expectations regarding future business activity reflected waning optimism in August.

The consumer is hurting...

Politics came up a lot...

And finally, one respondent decided a limerick was the appropriate response...

One opines that interest rates a bit too high.
Many borrowers in pain and let out a sigh.
We plead with grace
Bring rates to a place
Where capital formation does not result in a cry!

Get back to work, Mr.Powell!