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Democratic vs. Republican: Economy on the Front Line
Pinnacle Digest writes: 3 months without retail sales growth is very rare in the United States. In respect to core retail sales, which exclude auto and gasoline sales, 3 months with no growth signifies the onset of a recession. Although this is where the US economy finds itself, Paul Ebeling and his team at Live Trading News do not believe we are headed for a recession, at least not yet.
As the data continues to worsen there is a likelihood of more negative sentiment and recession forecasts from market analysts and financial pundits. Our team at Pinnacle has discussed many headwinds facing the US economy, which could derail the lacklustre recovery, most notably rising interest rates. Ebeling believes a recession is unlikely to occur, due to two major factors.
1. Recessionary 'jitters' as he likes to call them will be met with aggressive stimulus measures by the Federal Reserve.
2. From a historical standpoint when economists give up, growth tends to surprise and deliver stronger numbers. It's easy to impress when growth numbers are already at historic lows.
The US bond market is also telling us there is 0 risk appetite in the markets. 10-yr US Treasury yields have fallen below 1.5%; a year ago they sat at almost 3%. As they near a bottom, money will be forced into other assets.
View Treasury Yields here.
Ebeling discusses how Romney is fighting back against Obama's recent attacks and why this Presidential race may be the most important in United States history.
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Re: Democratic vs. Republican: Economy on the Fron ...
I hope the American people are not fooled by all the mud slinging. This is basically "tweddledum and Tweedaldee" with a whole lot of emotion signifying nothing. It is the International Bankers behind the scenes who own BOTH camps and there really is no choice at all, either candidate will do the bidding of the bankers, and the corporations who finance their campaigns will get their payoffs in lobbied legislation. The system is so corrupt it is a waste of time for any average working Joe to even bother making a choice. We should all have learned by now that government can not give its citizens anything they do not first take away from someone else.
The sociopaths who are attracted to government could care less about the individual, they are only interested in POWER and the perks that come with it.
thinker70