Thursday, October 8, 2015

U.S. trade deficit validates the Fed can’t and won’t raise rates

Has anyone noticed that only Wall Street talking heads and those trying to sucker you into the stock market are still using the world recovery after the Fed chose not to raise rates in September?  That is because an economy that has been artificially driven by tens of trillions of dollars in printed money since 2008 has never built a true foundation for recovery out of the Great Recession seven years later.  And following the atrocious jobs report that came out last Friday, new data on the increasing trade deficit has put America into a bind where they are far from being prepared when the next crash occurs.
America’s exports for August came in at the worst in over three years, and validate slowdowns which should show themselves very soon in Q3 corporate earnings.

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