REALIST NEWS - 2014 Q1 GDP Revision (Double Revision) -2.9 Percent
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Comments
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GDP is U.S. Government fake BS check it out, USA produces nothing but debt.
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April is 3rd quarter ie q3. Fiscal calendars start on October 1 and end September 30
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Lindsey Williams is not a joke, people should stop making fun of him. He is old and wise, to make fun of him is foolish. Pay heed to wise counsel people................
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Gross domestic project indeed.
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I've had someone on YT question me, "Why did you invest in a boring 50 dollar stock like Sanofi?" It's done just fine, I'm booking my next vacation. French Riviera. I like Lafarge, too, I am still in it. Double digit returns since '07. I like metals but never expect them to do much. I've been buying them since '83. I see metals flat this Summer but they could begin to increase in the Fall. Good luck, I sold a lot of mine a few months before the '11 peak. I never could time markets and I don't think anyone can. I love not having to go to a day job and my old work as a reg rep and research analyst has paid off. I do have to keep on top of the stuff, except when ... I am on vacation! My spouse is thrilled with the new car. We were able to donate the old one. Onwards and upwards, diversified and yeah, in the stock market, but with whole life insurance funds we play with. Uprated.
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I think you are right about precious metals going through the roof but not before there is one more mega slam down. I makes sense to me that when the stock market crashes, precious metal will also crash initially.
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What does any of this mean? GDP? Sorry, I am no good at any of this. Does it mean that the economy is good or bad? What does it mean about jobs? Thanks.
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Lindsey is a preacher and he can make a sermon about 1 paragraph. I sort of prefer you telling me what he said you can put it in a shorter time and you talk a lot. But I prefer that to someone like me who will tell you what he said in one sentence.
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We are not out of the recession that started in 2009 Just check how many people are working in US today there are fewer then in 2008. People have fell off the unemployment rolls and do not have a job yet. They don't count what you and I buy they only count what the people on welfare buy now. Has nothing to do with employment.
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In the words of Terry Tate " The pain train is coming."
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Every time you mention Lindsey Williams I have to question every thing else you say and or believe. The man is a horrible prognosticator. You would be better off asking a question and flipping a coin than listen to Lindsey Williams.
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GDP = Governmentally Dispensed Propaganda
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Guess what? -2.9% IS a fake statistic. With real inflation taken into account it's more like -10%. The reason they admit -2.9% is that it's so bad they can't hide it.
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