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Is Wall Street due for a downturn?
The advance estimate of the 2nd quarter 2014 U.S. GDP growth estimate came in at the barely breathing rate of 0.1%. Is a market downturn next? Are you safe and protected? What assets could win, if the stock market heads south?
Join #1 stock picker Natalie Pace to discuss this and more.
Well, I feel like I'm Rush Limbaugh (yeah, like I have his audience or money) in saying that because I know I've heard him say more than once that the narrative those in the media and those in the Democratic Party would like for us to believe is that everything about the economy and the country is the new normal and that's not going to change.
Well lo and behold, the NYT comes out with an article or a column that says that basically because GDP growth has been a consistent 2% or so almost every quarter, that's to be celebrated because it's consistent and the new normal we might say. It even pushes a message that it's good for the economy and good for the country.
I'll counter that with however many of 27 points I can get to or feel are vital to bring up that are huge red flags for our economy according to Michael Snyder.
Also, I'll cover at the top of the show a rebuttal from a coalition of 15 scientists, climatologists, and other experts that rips apart the claims of Obama's latest National Climate Assessment.
That's today at 4:30 Eastern and archived for your later listening pleasure.
The First Quarter GDP numbers were a bust. Reduced even further in the first revision, we are being told there's nothing to worry about.
You better be worried. This economy has hit the wall. Corporate earnings are not just s slowing in growth, but are declining.
We are being told it's because of the Winter. It's not. Winter just happened to occur at the same time the earnings tanked.
THE EXCEPTIONAL ONE, KEN MCCLENTON, NIGHTLY DELVES INTO THE CHALLENGES FACED BY CONSERVATIVE AMERICANS WITHIN SOCIETY'S CULTURAL INSTITUTIONS--INDIVIDUAL AND FAMILY, EDUCATION, ECONOMICS, GOVERNMENT AND FAITH--WITH A UNIQUE URBAN TWIST.
MONDAYS THROUGH THURSDAYS AT 9:00 PM EST.
CHRIS CASEY, CFA
IS A TRUE STAND OUT IN THE WORLD OF FINANCE AND INVESTMENT.
HIS DEDICATION TO THE AUSTRIAN SCHOOL OF ECONOMICS HAS PROVEN QUITE PROFITABLE FOR THOSE THAT DESIGN AN INVESTMENT PROTFOLIO THAT TAKES INTO CONSIDERATION THE OVERREACHING INTRUSION OF GOVERNMENT INTO OUR EVERYDAY LIVES.
THE US FIRST QUARTER GROSS DOMESTIC PRODUCT HAS BEEN REVISED FROM POSITIVE 0.1% TO
NEGATIVE 1.1% TO,
WHAT SHALL WE BLAME THIS NEGATIVE GROWTH IN OUR ECONOMY?
THE CLIMATE CHANGE SPECIALISTS BLAME THE COLDEST WINTER
IN THIRTY YEARS.
THE EXCEPTIONAL ONE THINKS THERE IS MORE THAN A LOW PRESSURE SYSTEM IMPACTING OUR ECONOMY.
JOINS TO DISCUSS GDP,
THE OBAMONY AND
THE STOCK MARKET.
ACNATION RADIO NETWORK [www.acnation.com].
John Rubino writes, "Ah, the Italians. They’re good for at least one entry in the 'Why We’re Ungovernable' series each year, and their latest is the best yet: Italy has announced it will start including estimated revenues from prostitution and illegal drug sales in official gross domestic product (GDP) figures.The country’s National Institute of Statistics says starting next year, the GDP result will also include estimates on the value of the black market in cigarettes and alcohol. The move has been driven by new European Union rules requiring nations to include all activities that produce income in their national accounts, regardless of their legality."
We also discuss what happened with the UK and EU elections. They represent a tectonic shift that's coming to America soon. Forget austerity, more money printing and Quantitative Easing and pass the credit card please. We just don't want to feel the pain.
We will look at various issues, from Ukraine to GDP revisions to Senator Reid calling Obama Care critics "liars".
Check out my book:
CUBANOS IN WISCONSIN BY SILVIO CANTO JR
A Discussion of Libertarian Politics in Delaware and Across the Nation, with a Little Bit of Music Thrown In, Just for Fun.
Eric Holder Resigns
My Western Holiday
by Antique Curtains
We Go Down Fighting
by The Suicide Denial
Podsafe music courtesy of Music Alley
Gold Price Manipulation
Atlas Shrugged Part 3
Coursera - Surveillance Law
Libertarian Party of Delaware
Steve Newton for 22nd District
Donate to the LPD
John Rubino says that no US GDP report is complete without an explanation from the Consumer Metrics Institute of how Washington is fooling us. The latest one is even scarier than usual:
Wall Street has been on a rollercoaster again this year, and "new money" isn't coming in. There is still a lot of dough on the sidelines, earning 0% interest, wondering what to do. One banking executive says it this way, "The economy is an economic mess because we print money. There are no investments to compete with stocks as there is no interest rate. The stock market goes up for the same reason a dictator gets 95pct of the vote: no alternative.”
According to Howard Silverblatt, the senior index analyst at S&P Dow Jones Indices, the fundamentals of publicly traded companies are good, it's just the perception of the marketplace that is not so good. "Fund and money managers have stayed in the market, with the joke being that they are too scared to be out of it," Howard wrote in a note in July.
Meanwhile, the Middle East is still in crisis, oil prices are at all-time highs and the 1st quarter GDP growth in the U.S. was a shocking contraction of 2.1%.
So, is this the calm before the storm or the rally? Did you know that September, when fund managers and American investors return from vacation, is historically the worst performing month of the year? Will this year be a true to form? Are you protected? Will you be able to pick up some bargains before the Santa Rally?
Santa Monica Beach, CA Retreat Oct. 11-13, 2014
The ABCs of Money on Amazon (print edition)