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Wednesday, January 14, 2015

Economic Reality - What Economy? - January 14, 2015

Gerald Celente said months ago that Christmas retail sales would be negative, The numbers came out today and he was spot on.

U.S. Retail Sales Down Sharply, Likely Cuts to Growth Forecasts Ahead - Bloomberg - Victoria Stilwell - January 14, 2015 - The optimism surrounding the outlook for U.S. consumers was taken down a notch as retail sales slumped in December by the most in almost a year, prompting some economists to lower spending and growth forecasts.                           The 0.9 percent decline in purchases followed a 0.4 percent advance in November that was smaller than previously estimated, Commerce Department figures showed today in Washington. Last month’s decrease extended beyond any single group as receipts fell in nine of 13 major retail categories.

Paul Craig Roberts spoke about it today in an interview on the Alex Jones Show. The interview is below. I also have put Gerald Celente's interview from this past weekend on King World News below.

Paul Craig Roberts interview on the Alex Jones Show on January 14, 2015:

Gerald Celente on King World News on January 11, 2015 - Link to Audio

The Grand Manipulations are getting ready to come to an end. The lies of the government have become to extreme. 4% and 5% growth in the GDP has clearly been a lie -- a manipulation.

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