A sign of economic contraction

Walmart will be closing 154 locations in the United States: http://www.businessinsider.com/list-of-walmart-stores-closing-2016-1 And this is part of 296 closing worldwide.

In other news the chairman of the Federal Reserve said the economy is making solid gains back in November, before the most lackluster December in several years: http://www.channelnewsasia.com/news/business/fed-s-yellen-says-growth/2239474.html

Following up on the other news the “spillover into the US economy” Yellen mentioned has seen consumer spending and industrial production continue to decline: http://www.wsj.com/articles/u-s-retail-sales-fell-0-1-in-december-1452864829

‘The United States of America, right now, has the strongest, most durable economy in the world.” President Obama, final State of the Union address.

One of the better analysis available paints a picture of both stock and bond bubbles bursting before President Obama leaves office. http://www.telegraph.co.uk/finance/comment/12103415/Storm-clouds-gather-again-as-Obama-prepares-to-leave.html

I’d like to know the future to make the right moves now, but the only thing I can think of to advise is purchase physical precious metals and keep them on hand.

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2 Responses to A sign of economic contraction

  1. B says:

    Sell everything you don’t “need” now. Then when the hyper deflation happens preceding the real hard knocks of hyperinflation you’ll be sitting in catbird seat. Metals should only be keep on hand for ability to throw shiny objects at the Jack boots and officials for distract as you accomplish your mission. Bulk up on skills and health, that should be enough to weather almost any storm

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  2. rthtgnbs says:

    Looks like Walmart is consolidating to weather the storm themselves. World trading numbers are way down, which means cheap energy from oil should be an economic shot in the arm for the world economy. That it doesn’t seem to be doing so is either interesting or troubling depending on who you ask: http://donsurber.blogspot.ca/2016/01/world-trade-stopped.html?spref=tw&m=1

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