Saturday, May 14, 2016

Some of the Corporatists Finally are Waking Up re: the Economic Collapse


Quotes from---
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

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