Wall St. For Main St., Released on 3/18/19
Jason talks about the how President Trump is lying about how well the US economy is doing based on a really poor Atlanta Fed Q1 2019 GDP number. Construction spend also declined 6% according to the most recent data released. All signs are pointing to serious trouble for U.S. economic activity. There is zero data that supports economic activity is strong or even sustainable, only words.
What is troubling about the numbers that are now coming out is how quickly things have eroded. . . .from good to great to good to plain awful.
1) Atlanta Fed Slashes GDP Growth Prediction to Near Zero www.newsmax.com/finance/econo…
2) GDP Crash: Atlanta Fed Sees Q1 GDP Tumbling To Just 0.2% www.zerohedge.com/news/2019-0…
There has also been a surprise rally in China’s stock markets (~20% as of this live stream show) so far in 2019.
Retail investors, mid-caps stand out in China’s stock rally www.reuters.com/article/us-ch…
Jason also talks about a common listener question if this mess can actually be fixed?