Despite the services economy starting to turn down towards manufacturing's inevitable recessionary prints, there remains a hope-strewn crowd of status-quo face-savers desperately clinging to the linear-thinking "but manufacturing is only 12% of economic output and thus is no longer a good bellwether for the overall economy" narrative. Here is why they are wrong not to worry...

On the left below, we see the mainstream media's perspective on why a collapse in manufacturing "doesn't matter" and you should buy moar stocks.

On the right below, we see why it does... especially since the "doesn't matter" narrative is used only to justify buying moar stocks...