In a recent interview with X33 spotlight, wealth analyst Lior Gantz offered some insight into the Federal Reserve's actions as of late. Cutting interest rates when the economy is supposedly "booming" is an odd move, and Gantz says President Donald Trump could be behind these actions in an effort to unofficially abolish the Fed.
As if the American consumer and U.S.-based businesses haven't taken the tariffs on the chin already, many business groups are warning that more tariffs will only make the problems in the economy much more noticeable. With 78% of Americans living paycheck to paycheck, the consumer cannot really afford more pricing increases.
Whenever a tragic act of violence makes national headlines, the calls to give up more of our freedoms and liberties in exchange for the promise of increased security become deafening. But if we take another step toward becoming an authoritarian society every time something horrible happens, eventually we won’t have any of the basic liberties and freedoms that previous generations of Americans fought so hard to secure for us.
Railroad CEO James Foote says that the behavior of this economy is the "most puzzling" he's seen in his 40-year career in the railroad industry. “The present economic backdrop is one of the most puzzling I have experienced in my career,” Foote told Wall Street analysts on a conference call Tuesday evening.
The global automotive collapse continues, denting the narrative of the "strong consumer", as countries again posted poor YOY comps despite the industry starting to show signs of shakiness during mid-2018. The China/U.S. trade war and global economies that have slipped into recession have played a role in one of the largest global slowdowns in the automotive sector to date. And that trend is now accelerating in the EU.
Martin Katusa was interviewed by Future Money Trends, and he's been the one man who’s been dead-on when it comes to gold predictions! Katusa is the top name in the resource sector and not a deal goes public without crossing his desk, although most never see a check from him because he’s known as the most disciplined speculator in the venture markets.