some facts:
#1
Posted 20 October 2016 - 10:44 AM
2014: US real GDP averaged 2.53%
2015: US real GDP averaged 1.88%
2016: So far US real GDP has averaged 1.1% continuing the trend of declining growth
2017: US real GDP projected to fall below 1.0%
US Monthly Payrolls:
2013: averaged 273K
2014: averaged 251K
2015: averaged 229K
2016: so far have averaged 178K!
chain store closings
Aeropostale: 113 store closings
American Eagle: 150 stores
Chicos: 120 stores
The Children's Place: 200 stores
Finish Line: 150
Hancock Fabrics: ALL of its 255 stores (which filed for bankruptcy)
Macy's: 100 stores
Men's Warehouse: 250 stores
Office Depot/Office Max: 400 stores
Sears & Kmar: 142 stores
Sports Authority: All of its 140 stores (which filed for bankruptcy)
Walgreens: 200 stores (between 2015 and 2017)
Walmart: 154 stores
Wolverine World Wide: 100 stores
restaurants
http://www.wsj.com/....get-burned-by..
what i am bringing out here is we have slipped into a recession in spite of what the politicians say!
dharma
#2
Posted 20 October 2016 - 11:26 AM
gotta wonder if this is the "new normal"? Mature economy struggling with heavy social/welfare costs and so far no great new innovation to spur growth
#3
Posted 20 October 2016 - 11:36 AM
The business cycle is about 8 yrs long... it's long in the tooth..gotta wonder if this is the "new normal"? Mature economy struggling with heavy social/welfare costs and so far no great new innovation to spur growth
growth is fading while inflationary pressures grow... totally normal at the end of the cycle... and very good news for gold!
#4
Posted 20 October 2016 - 11:45 AM
gotta wonder if this is the "new normal"? Mature economy struggling with heavy social/welfare costs and so far no great new innovation to spur growth
Struggling with trillion dollar wars of aggression
#5
Posted 20 October 2016 - 05:13 PM
Dharma, do you have a link for that information? Fascinating.
#6
Posted 21 October 2016 - 09:49 AM
so in spite of all the talk, we are in or heading into a recession!
dharma
#7
Posted 21 October 2016 - 08:37 PM
Yes those stats are saying it all , but they are kept by the media on the back page [or behind the curtain so to speak]
if politicians or the Fed could do anything about them ,they would,but they cant.
what they can control is the Stockmarket. so that is what they do , for the wealth effect.
Recessions are not allowed anymore neither are Bearmarkets.the talk about raising rates is a bunch of hogwash save a .25% every few years to save their credibility which is nonexistant.so if you are saying the market cant double from here ,be careful. traders are complaining over on FF.yes i think it is the new normal.small setbacks are allowed to relieve the preassure then a series of overnight gaps
mostly to the upside etc , etc.
How long can they keep it up , i have no idea,i think it will be resolved by a monetary reset or world war down the road. too many other things fit , where is the volume that was to come in after Labor day.the majority of traders are gone.its mostly robots,programs and hedgefunds [many had huge hiccups lately]
lets face it THINGS HAVE CHANGED. BTW this is not some forecast , just my take of the situation or my occasional rant. GLTA...