Mon, 4 May 2015
Today's FEATURE is a shocker. The Federal Reserve Bank's Zero Interest Rate Policy (ZIRP) promulgated since the real estate debt crisis in 2008 appears to have been a massive failure. Contrary to the Fed's projections of 3.0 to 3.5% GDP growth for 2015 new data shows that the economy is severely contracting. According to reliable sources Discretionary Consumer Spending, Wholesale Trade and New Manufacturing Orders are plummeting suggesting minimal GDP growth for 2015 and a possible recession. Other topics include: Venezuela's failed state, "The Post-America World", NORAD, Supreme Court and the Phoenix VA Hospital.