It's not all bad and it's no all good. Sure, life in a comic book would be easier w/ clearly labeled good-guys and bad but real life is mixed. It means we got serious mistakes in government and at the same time a hard-working powerful American people. Reality: what we know right now is that we're not in a recession. Yeah, the econ's slowing but slower growth is still well, growth.
The word "contraction" means "get smaller". The econ's not contracting.
Yet.
And what is that which consumers have to spend? I, for one, am almost completely tapped out, and the only hope I have is to have my heirs collect on the various insurance policies I had the foresight to enroll in years ago.
Unless all those assets get seized too.
Happy Monday morning all! So last week ended the contraction in stock prices but where are we going now? These futures traders say up and these others say down. Humph. Donno 'bout y'all but I'm setting up for 'measured steps' back in...
In the meantime gold'n'silver remain stable/up while metals futures are said to be going +0.58% atm.
No doubt about it, things will be interesting today, just look at what our bean-counter coworkers have got:
8:30 AM PCE Prices
8:30 AM Personal Income
8:30 AM Personal Spending
8:30 AM Personal Spending
8:30 AM Core PCE Prices
10:00 AM Construction Spending
10:00 AM ISM Index
All this and Iowa too --what's not to like?
People will only spend when they are confident that there is more where that came from. Scanning the economic disaster that the central planners have wrought world-wide, no one outside the recipients of central banks’ helicopter money can imagine themselves with comfortable cash flow. We are in for another down leg in the Pelosi-Reid-Bush-Obama Greater Depression. It is going to get much worse - to the point of bloodshed in some places - before it gets better.
Hillary just said in an interview that Obama never gets credit for saving the economy. Why could that be?
Question.Spend What?With the fantastic Obama economy and the pressures of food and healthcare prices.What else is left.Especially if your on the Virg of retirement.
The stock markets crash so often nothing is dependable anymore.Placing money in a savings account is a joke since you earn NO interest on. Your money.Your better off leaving your money out of the bank.
Buying durable goods made and imported from foreign countries helps out economy how?
Will consumers spend in 2016? Only if they can transfer their credit card balances to a new card and then max it out.
Spend? Nope!
Living expenses exclusively - food, utilities, taxes.
These are my only “bills”.
I’ll be starting my spring garden seedlings in a couple of weeks. A vegetable garden takes a real bite out of food costs.
How much of the GDP was healthcare?
Spend what?
Fat chance! Only money I have is for supplies dedicated to the zombie apocalypse.