Yes. This reads like a bizarre self parody. Phoenix is on board with the fake, rent seeking, money printing, pseudo capitalist pretend free market economy. Possibly the best contraindicator I’ve seen on this site.–readers comment

******************************************************

Sales are up? Earnings are flat to negative on a lot companies. They’re some very smart people out there forecasting a sub 1% GDP 4Q2019. I do believe they will be proven right. Did Kudlow write this article?

*************************************************

I was in Pacific View Mall the other day and it was empty of shoppers except for Sears, that had a going out of business sale. 50% off everything. No Returns.

Forever21 was closing its store in the same mall and its fixtures were for sale after the holidays.

This is in Ventura, California, an upbeat community in Southern California. I hear malls are losing tenants all across America. How can that possibly indicate growth of anything but Amazon? Certainly not our GDP.

*********************************************************

Complete and utter bullshit.

Try -2%

http://www.shadowstats.com/alternate_data/gross-domestic-product-charts

In the USA over the same period the rise of homelessness. People shitting in the streets. Youtube videos exploding on living in your van

Posted by Richard640 @ 4:50 on December 24, 2019

A ZH reader writes:

We are still immigrating low IQ savages and the wrong people are breeding.

I’m in the Philippines regularly and over the last 20 years it is incredible what I have witnessed.

Roads formerly mud now paved with reinforced concrete. Nipa huts with grass roofs replaced with concrete block construction and metal roofs. Construction cranes and high rises everywhere you look.

In the USA over the same period the rise of homelessness. People shitting in the streets. Youtube videos exploding on living in your van, your car, MGTOW (Men Going Their Own Way), boys cutting their dicks off and declaring themselves women, it is hard to believe what is going on.

California has spent billions on trains and roads that not only aren’t finished, but are not even planning to be finished. These count as increases to GDP and so do all the military weapons we are producing and shipping to ISIS, Al Qaeda, and other enemies of our nation.

Trump has cut the regulatory burden and I give him credit for that. Without that the spigot of fiat money would have us in an inflation the likes we haven’t seen since the 70’s. But the sickness of the republic is so overwhelming I just don’t see how you can be this cavalier about growth. We are still immigrating low IQ savages and the wrong people are breeding. The white women are off the reservation: fat, ugly, and stupid malicious feminist twats marching in pussy hats and screaming at the sky.

It’s way beyond year on year pump-priming by the Federal Reserve. It is historic collapse of Empire.

Phoenix Capital has been buying space on Zero Hedge-in the upper right hand corner–for the past 10 years

Posted by Richard640 @ 4:29 on December 24, 2019

and touted gold as a safe haven against the coming “collapse”—for the past few months they have switched to bullish articles—there have been a number of high profile bear to bull conversions lately]

Forget What Economists Claim, REAL GDP Growth is North of 3%.

Forget everything the mainstream media and economists are telling you about a recession… the U.S. economy is ROARING. To see this, however, you need to look outside the official data, which is so heavily gimmicked that it borders on fiction.

Instead, take a look at corporate sales.

While there are literally dozens of ways through which companies can boost their earnings, sales are all but impossible to fake. Either money came in the door or not. As such they’re a great read on the economy, particularly the power of the U.S. consumer which makes up 70% of GDP.

With that in mind, consider that the average Year over Year sales growth for a basket of economically sensitive companies shows growth is near 5%…not 2% or 3%… 5%.

Interestingly, the slowest was in Wal-Mart, while the highest sales growth was in consumer discretionary items like Amazon and Coke. Typically, we see sales growth rise dramatically at Wal-Mart when the economy slows as more and more consumers become price sensitive.

With that in mind, the above table suggests, that despite all the negative claims by the media, the American consumer is going strong: he and she are shopping for higher priced, discretionary items.

Now take a look at this table comparing Quarter over Quarter sales growth for the last three quarters for those same companies.

Looking at this, it appears the U.S. economy did indeed slow in the first half of 2019 but is now rapidly rebounding. Quarter over Quarter we are seeing growth above 3%.

Who are you going to believe… an economist with a spreadsheet and a bunch of fake formulas… or real companies that generate real sales based on consumer buying things?

So once again, the Trump administration has succeeded in generating higher economic growth. And by the look of things with corporate sales today, we’re about to experience another economic boom, NOT a bust… which suggests President Trump winning a second term in a landslide.

Indeed, we’ve discovered a unique play on stocks… a single investment… that has already returned 1,300%. And we believe it’s poised to more than TRIPLE in the next 24 months as President Trump secures a second term in a landslide win.

Gold Train

Posted by Maya @ 2:39 on December 24, 2019

rrflasher-copy

“Speed Shot” of Nickel Plate steam
https://railpictures.net/photo/712408/

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and touted gold as a safe haven against the coming “collapse”—for the past few months they have switched to bullish articles—there have been a number of high profile bear to bull conversions lately]

Forget What Economists Claim, REAL GDP Growth is North of 3%.