The Central Bankers Have Become Desperate, They Are Asking People To... - Episode 1356a
German and other countries are following in the US footsteps, there latest program cash for clunkers. Retail sales have improved according the corporate media. These numbers are manipulated to make you believe the retail has rebounded. Remove autos and factor in the number of stores closures the stats are terrible.
CEO of Dick's says they are in panic mode because their prices are two high. The housing bubble 2.0 is here as the number of people borrowing with less than 10% increases. NY Fed Dudley now says that low inflation is ok and wants everyone to access their equity in their homes and go spend it in retail. This is one of the last desperate act of the central bank. The Fed also warns that debt is two high and people will not be able to sustain the debt level.
thank you Dave
Thanks Dave. Appreciate your work.
I work in the automotive industry (I'm a machine designer / mechanical engineer) and every quarter for the past 5-6 years I've been surprised to see auto sales climb consistently (the management reports it to us as well as other metrics of how well the company is doing each quarter). It makes me wonder who the heck is buying all these new cars!
I mean it's good for my job and industry and all but I can't help but worry because government manipulation of markets usually doesn't end very well for anyone. Especially the consumer. I've been waiting on the proverbial duct tape that they used to fix (and by "fix" I mean mask but do nothing to solve) the problems in 2008 to come unraveled and present a whole new world of problems even worse than we saw about a decade ago. It's gonna happen eventually and the longer they put it off the harder the reset is gonna be.
What happend to the video - Did Youtube (do no evil) take it down??
I have no problem watching the video. You may want to try again.
Thanks Dave, good report, it sounds like 2008 all over again.
1929 I would say...
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