It is quite normal for the GDP to be at it's very strongest during the months of July and August, because the agricultural and industrial sectors are helped out by the usual peak in seasonal commerce, etc.
To say that it is only losing a 1% decline, and is therefore a sign the economy is “roaring” back, when it traditionally should be 5% above it's usual positive average this time of year is completely a juvenile fantasy.
This kind of Lemming/herd mentality is helping me recover my previous losses and I will take everything I can get, but before November, I will head for solid cover and pull everything out of the American markets.
I was driving around a mall area tonight, which I don't usually do.
I was ASTOUNDED at the number of empty commercial spaces and closed restaurants...and this is an area with VERY high traffic.
The coming commercial real estate collapse would be enough to tank the economy by itself. Combine that with many other factors...it is sickening that Obammie the Commie and his boot-lickers in the MSM can “report” that the worst of the recession is over and the economy is rebounding.
It really is treasonous at this point, not to inform the American public (and other nations) exactly the trouble we face.
“I will head for solid cover and pull everything out of the American markets.”
Is there a safe haven?