SORT BY Relevancy
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
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:
Last year the world kind of forgot about Europe. After ECB head Mario Draghi vowed to “do whatever it takes” to get the Continent growing, the markets calmed down, money got cheap and plentiful and functionally-bankrupt countries like Greece, Italy and Spain stopped making scary headlines. To the casual observer it began to look like the euro project might actually succeed.
Then the mirage evaporated. Five years into a recovery that should, if it followed the normal script, be in danger of overheating, the major eurozone countries are actually slipping back into recession. Germany and Italy clocked in with -0.2% GDP growth in the second quarter, while France was exactly zero. For countries that continue to pile new debt on top of already unsustainable mountains of old debt, zero growth isn’t stasis, it’s death. And the media is starting to catch on. The following headlines appeared in the DollarCollapse.com breaking news links list in just the past two days: