Saturday, May 14, 2016
Some of the Corporatists Finally are Waking Up re: the Economic Collapse
Goldman Sachs: "We are witnessing a Stock Market exodus.";
Bank of America: "The U.S. may already be in a Recession.";
Wall Street Journal: "A Hedge Fund Exodus";
CNBC commentary: "This [the weak consumer] could be the 'Black Swan' for the economy.";
"We are in the midst of a deceleration in the economy, and the chain of dominoes leading to a recession has started to fall.";
"This is the foreshadowing of a recession.";
JP Morgan: "An economic crisis is inevitable.";
"The U.S. economy is steamrolling toward a Recession."
"Recession risk in the U.S. is rising rapidly.";
Bloomberg: "The Shipping News Says the World Economy is Toast.";
[The Baltic Dry Index is way down.]
"The clouds are gathering again over the global village we live in; they are getting darker every day.";
CitiGroup: "The global economy is on the brink of a Recession.";
"The global economy seems trapped in a death spiral...";
US Bank CEO: "I worry that the economic, political issues can impact people's incentive to consume and their optimism to go down. That's what worries me."
[Well, it's difficult to maintain an incentive to consume when: your wages are stagnant; or you have a part-time or temporary job; or you're unemployed; and the cost of living (especially groceries and rent) keeps going up. Hello.]
The above institutions/people have only scratched the surface relative to the Economic Crash that already has started, but at least it's a start. Now, if we can get the politicians to admit what's going on, maybe we'll get somewhere.
Not only my opinion. Be Well, and Best of Luck to Everyone