We Can Pretend All We Want, The US Is In A Recession & Heading For The Big One - Episode 1311a
Retail sales continue to decline, when compared to wages we can see as wages are dropping so are sales. GE is in trouble, they do not have enough to meet their pension obligation.
Caterpillar posts a positive sales after 54 months of declining sales, this was accomplished by China ordering equipment most likely a one off order. SocGen says interest rate to slow to contain the asset bubbles. Citi explains why the credit impulse going negative is very dangerous for the world economy.
The last two times this happened the US entered a recession and it is happening now. The US is in a recession the Fed, corporate media and US Government just don't want to admit it.
They don't want to admit it because they can then come in and scoop up the foreclosers that they sold to unsuspecting people.
"its the ccciiirrrrclllee of strife."
LOL
Round and round it goes!
Thanks for steeming this @x22report ! Long time listener. Keep up the great work!
If Us economy is bad, than why FED presidents like Dudley talk positively, oh right they lie :). Retail sales, Autos, Housing all in trouble, but US stocks are at all time-high. Give me a break. Great video.
My local mall is just depressing. It is literally 70% empty store fronts. Not counting the one anchor store that went out last year and was replaced by a Gym and a hair stylist school. So I don't count that as retail........or the one Halloween store that is only open 3 weeks a year. Its really scary and sad. We don't even have mall walkers.
Times are changing. I will miss the mall but time to move on.
Thanks Dave, for all the work you do to keep us informed.
Thanks Dave. Upvoted and resteemed.
The country is going to HELL and I don't like it!
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Thank you Dave, we have been listening to you since # 735, we have learned so much from lisening to you every night, it is heart breaking what happend to America, Europe and the Rest of the world. It is horrible for every body out there. My grandson was born today.( by the way his name is going to be David). I dont know what his future holds, Im worried. Pray to God to guide us.
upvoted!