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29/11/15
12:34
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Originally posted by champ2003
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This is the thing. The US is definitely in decline. The reason that housing sales increased is because people probably realise that they sell now while they can afford it before interest rates rise lol if interest rates rise at all???
The slowdown effects from China and European countries are yet to filter through but that will occur within the next month when caos will hit.
US economic indicators are pointing down but they are still in denial (for now).
It's all about the dodgy inaccurate jobs report for the US at the moment but that will soon turn out to be a useless indicator in showing how strong the US economy is.
Consumer spending is down in the US. Now if all of those people are really employed with good jobs then why is consumer spending down???
The US is about to have the biggest squeeze it's had in decades.
Be prepared.
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A strong economy is unable to pay or to reduce their overall debts.
A quater of 2.1% GDP is accounted by property growths. China property is only accounted 15% property to 7% GDP. Which economy is stronger.
Republicans are finding out soon about the state of US financial health. I'm hoping this is a main pivot point.