It doesn't take much intelligence to see that the next quarter's GDP for the USA will again not be great. Negative 2.9% last quarter and the American ego shrugs it off as an aberration...but it's not.
Why is it surprising that with so many Americans leaving the workforce and corporate profits declining that their country is now less productive, less fruitful? I'm expecting an even lower GDP figure for this quarter, which really will put a cat amongst the pigeons.
IMO, end of September's GDP figure is likely to be the catalyst for a major correction in Equities. Also, inflation is rearing its ugly head.
Meanwhile, the smart money will increasingly make its way into precious metal and other defensive stocks. Last night's correction in the POG was just that - a correction. Onward and upward from here.
Trading to it.
It doesn't take much intelligence to see that the next quarter's...
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