Sun, 16 April 2017
Our FEATURE today focuses on data just released by the US Dept of Commerce for the first quarter of 2017. The statistics are both a surprise and are in contrast with the perception that the US economy was growing at a positive and accelerated rate. For example, retail sales have been negative for the past 2 months, Consumer prices have dropped for 2 months, bank loans have slowed markedly and the GDP is barely positive after initial forecasts of 3% in January. Consumer confidence however is at a 10 year high which presents a total disconnect from the stats which we offer our our conclusions. Other topics include: How will the market react to this data?, Trump's dollar, the gold anomaly, Curtains for global financial regulation, Why Richard Cordray can't be fired at the CFPB, Why Apple is rotten at its' core, Obama's mendacity, California's wasted water, the Noko missile failure, MOAB and Lois Lerner's comeuppance.
Direct download: TMB-17-04-16-Q1-Economy-Takes-Dip-Is-Change-Coming.mp3
Category:News & Politics -- posted at: 11:29am PDT