The American economy is skating along on thin ice, the cracks are forming.
For the first time ever, the interest on the debt breached the $500B mark (annual basis). GDP growth is anemic. Retail businesses are failing. Loan demand is collapsing.
Real Median Household Income growth is in a 9-year stall-out. Total Household Debt levels, according to the NY Federal Reserve, are up within an eyelash of the 2008 record.
We are spinning in circles, chasing our tail….
It appears that the Atlanta Fed and NY Fed GDP trackers have decided to flip. May 5, 2017 11:25 AM
Just one week after its initial forecast, the Atlanta Fed has lobbed off a whopping 17% from its initial GDP estimate of 4.3%, and moments ago revised its Q2 GDP tracker to 3.6% due to declines in real consumer spending growth and real private fixed investment. ZeroHedge, May 9, 2017
Final data for wholesale inventories and sales data in March show a modestly better than expected rise in inventories (+0.2% vs -0.1% MoM) and worse than expected sales which showed no growth in March – the weakest print since July 2016. ZeroHedge, May 9, 2017
America needs a dynamic new plan, one that re-targets liquidity infusions for maximum impact – direct to U.S. citizens.
America needs a citizen-driven, free market economy. We need massive debt elimination at ground level.
We need an economic plan that promotes reduced dependence on government.
We need freedom in healthcare. “If you like your ObamaCare, you can keep your ObamaCare.” For all others, will receive direct access to liquidity for personalized allocation of healthcare resources.
American families need economic liberty, and here is America’s powerful, dynamic plan:
The Leviticus 25 Plan 2018 – $75,000 per U.S. citizen