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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
Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD)
Medicare is a social insurance program that serves more than 44 million enrollees (as of 2008). The program costs about $432 billion, or 3.2% of GDP, in 2007. Medicaid is a social welfare (or social protection) program that serves about 40 million people (as of 2007) and costs about $330 billion, or 2.4% of GDP, in 2007. Together, Medicare and Medicaid represent 21% of the FY 2007 U.S. federal government.
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:
This Week in Economics is real time forecasting and analysis of the previous week's economic activities.The longest running programme of its type on Internet Radio and the Blogtalkradio network.
Esta semana en la economía es la predicción en tiempo real y análisis de actividades.El económica de la semana anterior programa de más larga duración de su tipo en la radio por Internet y la red Blogtalkradio.
1. Swiss referendum - Articles - "Call to the Swiss" - published Friday; "the most prescient statement ever made" - publishing today, of Ferdinand Lips' 2005 prediction the SNB would be forced to buy back its gold at higher prices; and "He Doth Protest too much - the best of Thomas Jordan" (publishing tomorrow), of the incredible MSM and SNB propaganda battle against the initiative, which is clearly more likely to pass than not. 2. From the article, the "Three Death Trends," the impact of falling oil prices, collapsing currencies, and expanding currency wars 3. Pitiful U.S. economy, as characterized by negative reports in construction spending, durable goods orders, factory orders, and today's industrial production -Article - "Chasm of Destruction," regarding the largest ever gap between rigged financial markets and horrific economic data -2000 level valuations, sentiment and leverage, in both the U.S. and Europe, amidst worst economy of our lifetimes 4. MASSIVE Japan GDP miss, printing this morning at -1.6%, versus expectation of +2.2% AND MUCH MORE
-First Majestic holding back production, Silvercorp hinting at cutting production, IAG cutting staff, earnings beyond miserable as year-end reserve calculations, capex budgets, and production plans loom