It Is Becoming Extremely Hard To Ignore The Facts, The Economy Is Collapsing - Episode 1346a
GM auto sales have crashed and the outlook looks dismal. US construction spending declines as the housing market implodes. Manufacturing is not improving.
Quarter of a trillion dollars in US savings have been wiped away. American income growth has slowed as the economy continues to stall. Trumps the funding of MyRA that Obama created to keep the bond buying ponzi scheme afloat.
The sanctions on Russia will most likely drive other countries closer together which will push fuel prices up.
Thank you for the update
My gut feeling tells me that the world politics are going to the wrong direction. I see a tumultuous future ahead.
Martin Armstrong reports the following.
Martin Armstrong— ECONOMIC CONFIDENCE MODEL
From an economic viewpoint, the economy turned down Wed. Sep. 30, 2015 on a global scale coinciding with our Cycle of War on the international model.
We should see the economy turn downward into a steeper recession moving into Tue. Oct. 24, 2017, which is the next turning point on the Economic Confidence Model followed thereafter by Tue. Jun. 12, 2018.
Caution is advisable for it appears we should see an overall recessionary trend emerge on a global scale this time.
The critical political target on our Pi Model will be Mon. Oct. 22, 2018, where typically important political events unfold. Overall, this economic decline should continue into the next low of the Economic Confidence Model which will be due on Sat. Jan. 18, 2020.
Thanks Dave for the update.
When the Canadian dollar went from par down to 0.7 USD used cars movement reversed to from Canada to the States. Now CAD just crawled above 0.8 I wonder when or if this trend wound change again and the used cars go north to Canada.
Dave, you rock! Thank you
Thanks for the report. Cars sales are in trouble.
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As always good information