Greenspan: The Weak Demand Feels Like A Depression
I have been suggesting for quite some time now that the underlying demand in this country is far weaker than is represented by the “seasonally adjusted, annualized rate” statistical vomit that the Government and industry marketing associations throw in our face on a daily basis.
In fact, I suggested in late November that the crashing price of oil was likely the “black swan” that no one saw coming (link) – not one single Wall Street analyst was forecasting a decline in the price of oil. I further surmised that the crashing price of oil was primarily a result of extraordinarily weak demand not just globally but specifically and especially here in the U.S. Subsequent reports for December and January retail sales showing almost 1%declines in each month further validated my analysis.
Retail sales are rarely negative. A negative nominal retail sales number means unit sales declined. The even more negative inflation-adjusted “real” retail sales would indicate a serious decline in unit volume sales. It means the average consumer is basically “dead.” In this article on Seeking Alpha I go into further detail which shows how and why I know that the U.S. economy is on the verge of a “cliff dive:” U.S. economy/cliff’s edge link.
READ THE REST HERE: Greenspan/Economy
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).