I don’t think the recession ever ended
Well, the re-election of The First Dictator is over. Next year will be the year of the last gasp of this economy. Save your money. You will need it.
Unfortunately, the realization that we did not change the political situation in Washington (in fact, we made it worse) will now be reflected in the future statistics.
I don’t know about anyone else, but people in my industry are scared ****less about the implications of Obamacare and cannot stop talking about it.
Annualized computer sales are down 10%.
That’s a reflection on the state of business in this country.
Don’t let the stats out of the Bureau of Lies and Stories, and all the other bureaus and agencies controlled by the current regime of communists, fool you.
The U.S. has been in economic decline for the last 4 years. The only question is how phony the numbers are and how long the decline will continue. Terms like recession, recovery and discouraged workers and only confuse the issue. The real situation is the middle class is being destroyed and our country is being destroyed.
Your vote = Recession
Also, the Future Capital Expenditures Index is below zero for the first time since Sept. 08.
Importantly, large inventories imply durable goods deflation.
While this might imply a good time to buy durable goods if you can afford them, at the same time there is a flood right now of Sandy-damaged durable goods.
A car on sale is not such a good deal if it has been reconditioned after a flood.