We Can Pretend All We Want, The US Is In A Recession & Heading For The Big One

Sharing is Caring!

Retail sales continue to decline, when compared to wages we can see as wages are dropping so are sales. GE is in trouble, they do not have enough to meet their pension obligation. Caterpillar posts a positive sales after 54 months of declining sales, this was accomplished by China ordering equipment most likely a one off order. SocGen says interest rate to slow to contain the asset bubbles. Citi explains why the credit impulse going negative is very dangerous for the world economy. The last two times this happened the US entered a recession and it is happening now. The US is in a recession the Fed, corporate media and US Government just don’t want to admit it.

READ  Recession Risk: Major Collateral Shortage Threatens Financial System
READ  Why Are Hordes Of Wealthy People Hitting The Escape Button And Heading To Montana?

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.