Another Headline Head Fake - The Consumer Can't Save The U.S. Economy
![Another Headline Head Fake - The Consumer Can't Save The U.S. Economy Another Headline Head Fake - The Consumer Can't Save The U.S. Economy](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/15b7eec9d6b7c8336e8cd841de40d61f-641x375.jpg?itok=EQNqnV3N)
Submitted by David Stockman via Contra Corner blog,
Submitted by David Stockman via Contra Corner blog,
By the SRSrocco Report,
The Global Financial Market took a big hit in 2015 and most investors have no idea why. The U.S. and global financial system both sit on a foundation that continues to erode each year. While the disintegration of the global financial substructure has been going on for many years, last year was a BIG ONE.
After recent (and in some cases very dramatic) bearish conversions by the likes of JPM, BofA, Citi and UBS, the only bank that steadfastly held a bullish view on stocks during the recent market squeeze higher was Goldman Sachs.
Not any more.
On Thursday, Goldman strategist David Kostin appeared on CNBC, where he too join the bearish crowd and said that based on the threat of margin collapse ("35 out of 53 tech companies had margin declines") and record-high stock valuations this year, it's time to play defense in "a tough market."
The CIA has an extensive record of carrying out covert operations around the globe which are aimed at destabilizing governments that refuse to comply with U.S. interests. On Thursday Michel Temer became the acting president in Brazil after a soft coup saw President Rousseff suspended.
Submitted by Mac Slavo via SHTFPlan.com,
After countless reports about the potential for nuclear or radioactive weapons of mass destruction being smuggled into the United States, the State of Texas is has begun to take the threat seriously.
Via Houston Public Media: