Sun, 30 April 2017
Our FEATURE today focuses on the performance of the US economy and more specifically the first quarter ending March 31st. At the beginning of the year a consensus of economists and analysts seemed to agree that GDP growth in Q1 should be in the 3% range. Why did they miss by such a large margin? With consumer sentiment near historical highs and the US financial markets at record highs, why would consumer spending be so "tepid" ? Our research offers some unexpected observations which can be interpolated in projecting results for the remainder of the year. Other topics include: The Smoot-Hawley Act of 1930, the Nasdaq all-time high, Mortgage REITS soar, "Problems in a Gold Rush", the silver squeeze "full pants down day", another Clinton corpse and the Salem witch trials revisited.