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Collapse: Single Largest US Economy Driver About to Collapse
Graham Summers * Phoenix Capital Research The markets continue their dead cat bounce while the economic data worsens. First quarter US GDP was revised down from an annual rate of 2.4% to 1.8%. The drop was due to lower personal consumption expenditures than initially forecast. This is the crux of the US’s current economic woes: consumer-spending accounts for roughly 70% of our GDP.
Next Major Crash Is Here Gold Is The Major Indicator MAJOR PLAYER ABOUT TO FALL Cities Cant Sell Their Muni Bonds The World Is Suddenly On Brink of Severe Cash Crunch More Money Printing On The Way?
Investment Watch So, good ol’ Uncle Ben comes out and states that QE is going to be tapered… but later. Result? All hell breaks loose and PM/Markets get hammered. Bond market jumps… causing BILLIONS in losses immediately and debt servicing costs to jump.
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