The Expansion Paradox: Why a 52.6 PMI Is the Most Dangerous Number of 2026

Greg Rusnell

Published on: 06/02/2026

The Manufacturing PMI is at 52.6, but input costs are at a three-year high. Greg Rusnell explores why the 2026 "Expansion Rebound" is a trap for the un-governed and how PBM reform is a blueprint for Capital Liberation.