"The smaller fall in the first quarter of 2013 was mainly thanks to a stabilization of inventories and household demand, which, unlike in the previous three months, did not weigh down the overall result.
But retail sales data, a proxy for consumer demand, fell more than expected in April, pointing to continued weakness of private consumption at the start of the second quarter.
Economists said that was to be expected given record high unemployment of 12.2 percent."
..Morning. Here's the problem, as I see it. We now have global ZIRP and QE. But even that is not working. There are no neighbors to pass the hot potato to...The EU puts penalties on solar panels..today the Chinese put penalties on European wine. The debt has very nearly tripled from $6 trillion to $17 trillion in 5-6 years..what we have going is a brick tied to the gas pedal of both the monetary and fiscal engines.
..So what happens now? The moon is in the 7th house, and all signs say that the Fed is realizing that they must taper their policies in the near future...what happens if that occurs? Well, either we can then have a stable economy with higher interest rates, or we cannot. There is no try, as Yoda himself would say...
..Stay vigilant...traders seem to have made up their minds. They have their ear to the rails and are listening for the train..
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