The Recovery is OverSubmitted by Smaulgld.com on Wed, 09/11/2013 - 07:13
The media is touting the recent job reports as “good economic data”. Louis disagrees and claims worse is to come, citing Syrian situation is problematic whether there are bombs dropped or not, pending Obama care, rising interest rates without a taper, rising oil prices and declining exports. Louis says the economy is not in a recovery and what is ahead of us is worse and claims the “recovery” is over and predicts a stock market crash in the next couple of months.
Today's mortgage applications were down significantly.
Will have full blown written analysis on the state of the economy later today.