Whose factories? USA’s or Asia’s? A layoff in China affect us how?
yep
A lot of the “found” money from oil and gas royalties is drying up.
Horse Hockey!
There is no way on God’s earth, there ever will be a recession with a Black Democrat in the White House.
Could also be seasonal. When you look back at the first quarter of the last six years, it has always been rough territory for the economy. I think you will find that it is not a recession in its strictest terms but a continued lackluster expansion.
Lackluster though it was, our oil and gas industries kept the nation’s economy afloat during Obama’s disastrous terms. What growth there was, was based on energy exploration, recovery and transportation.
When these began to falter, with Obama dealing the fatal blow by boosting Iran’s oil company in his treasonous nuclear deal, there was no other part of the economy to take the place of the energy sector. Banks, real estate, manufacturing and transportation are all affected by the downturn in energy.It will get much worse before it gets better, hopefully with help from a new president at the helm of this sinking ship.
Watch the rail traffic. RR shipping is way down.
Demand is really weak. Despite low energy prices, ie lower overhead, transportation stocks are leading the way down.
If interested in a discussion about economic warfare and cybersecurity/cyberterrorism, be sure to listen to this interview with Kevin Freeman...
http://usatransnationalreport.org/2016/02/06/usa-transnational-report-february-6-2016-guest-kevin-d-freeman/
Interview with Kevin D. Freeman begins at 25:30 -
Kevin D. Freeman is a NY Times bestselling author and considered one of the world’s leading experts on the issues of Economic Warfare and Financial Terrorism. His research has been presented in critical DoD studies and he has been asked to brief or present to the FBI, DIA, ONA, SEC, Naval War College, HASC, Naval Postgraduate School, DARPA, IARPA, and a host of government agencies tasked with protecting America.
We discuss economic warfare, cyberattacks, Russia, China, Syrian hackers, market volatility, and yesterday’s announcement that the Chinese will be buying the Chicago Stock Exchange.
Sorry, a recession is impossible. According to the press, Obama just “took a victory lap” to celebrate how great the economy is.
665,000 more jobs lost, which Obama says is great news.
They have inflated the way they calculate the GDP first in 2013 by 3 percent and then this year by another .5 percent. So if it isn’t over 3.5 ITS NEGATIVE GDP. The last to quarters have been under 3.5 = RECESSION.