11 Charts That Show the US ECONOMY is TANKING!
But look at all the high spending in Quarter 4 of 2014. What were people spending money for? Not anything to do with retail sales, as in the end of 2014 (and the start of 2015) retail sales tanked:
.
GDP Plunges to Less Than Half From Last Quarter
Retail Sales December 2014 and January 2015
February’s Chicago PMI crashes to 45.8 (missing expectations of 57.5) – its lowest since July 2009, indicating contraction in the manufacturing sector in the Midwest. Any reading over 50.0 indicates expansion, while readings under 50.0 indicate contraction.
Caterpillar sales have long been the world’s industrial bellweather has – suffered over 2 years of declining sales:
This is the biggest drop Since Nov 2012- 0% of Small Business Owners
Expect a Better Economy
Breakdown:
- 13% of employers think it is a good time to expand
- Employers anticipating job creation falls to 14%
- Percentage of firms expecting a better economy falls to 0%
- Firms anticipating higher selling prices falls to 3%
Read the rest of the story at GramsGold.com
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