PMI -- May, 2021

Holy mackerel: The Chicago PMI came in at 75.2 vs 68 estimate. Wow, incredible. 

Link here.

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That $6 Trillion Budget

Yesterday, I rhetorically asked:

One now wonders, with Biden's proposed $6 trillion budget, if the US economy could literally dwarf/drown the EU? My hunch: European leaders are watching "this stuff" closely.

someone reported if it's passed, Biden's $6 trillion budget would be the largest annual budget since WWII; does that mean in today's dollars, the US budget during WWII was bigger?

Right on cue, twitter provided the answer this morning.

See this link.