I think we’re on the cusp of at the least another 2008 crash, but I worry it’s going to be much worse.
Seems MSM ect is refusing to focus on the actual state of the economy.
I don’t worry much about stock trading. I admit mainly because it’s somewhat out of my interest. I pay attention to what Joe Q Public is doing, and more importantly Not doing with his extra funds. That in my opinion will give a more accurate read of the state of the economy. Mr Joe Q Public has drastically cut back on spending. So much so that xmas sales were horrid, stores are closing all over the country. MSM blames online sales, which I find interesting since Amazon just was forced to close a multi million dollar brand new major hub in my area due to lack of sales. So obviously online sales were not the culprit.
Joe Q Public isn’t doing much spending, most certainly “luxury” spending at the very least. He’s spending, but it’s on much higher food costs, higher utility costs, and higher cost of living across the board. His focus is more on needs than wants & our economy is geared so that it needs his focus on wants in order to keep going.
Statistics: Posted by Mollypup — Wed Mar 29, 2017 3:53 am