Against the backdrop of a weak economy, the stock market rises to all time highs over the last 11 months. The supposed “recovery” is a mirage / cover up and Jim Chanos sees lots of overpriced stocks that he can sell short.
Wall Streets current view of the global economy is not so good. Almost every statistic around the world is slowing down, including the statistics in the United States.
However the mainstream media still portrays the U.S. as “recovering” and “growing” which is a flat out lie. The perception that America is doing well, must be push to the Americans by government controlled mainstream media because it is an election year.
While stupid stock and financial analyst tells the public that Apple stock is going to $800-$1650 like this stupid idiot “Erick Jackson”. Did he pulls this $1650 number out of his ass?
What about when the recession hits in 2013-2014, can Apple stock fight the trend?
One thing you can’t fight against is the little demand for goods in the U.S. The lack of demand for goods is overwhelming.
No matter, how advertisers manipulate and coerce people to try spending money, it just isn’t happening because well there is a real unemployment rate of roughly 21% in America…that is slightly over 60,000,000 people out of work and over 46 million people on food stamps.
Wow, let me just say that this book by Robert A. Wiedemer and Cindy S. Spitzer will hit you hard with a dose of reality about the state of the U.S and world economy as it stands today. The book goes over details on the problem and how to protect yourself for many categories of your wealth.
August of this year the U.S stock markets are experiencing some of lowest volumes ever since 2006, now we all know what happened the following years after 2006. Oct.2007 – April.2009…a major stock market crash that took all index to new lows.
All you have to do is look at a 5 year chart. If the Federal Reserve doesn’t continue Quantitative Easing in September, the markets are bound to take a dive, this is roughly 1 month away…can the markets hang on for a whole month at the current levels or push higher.