Neubarth
At the Ballpark July 30th
STOCK MARKET CRASH? Not today, but soon.
GDP down over 6% annually.
Industrial production is down 13% in 12 months and still falling
Actual Unemployment near 18%
Retail Sales plummeting without restraint.
Car Sales plummeting and two of the Big 3 nearly dead..
New Housing Starts down to 20% of former levels.
Home sales (including repos counting as a sale) down by 50%
House values falling and falling and projected to keep falling and falling.
Business real estate falling and falling and falling and projected to fall even further than housing. This is hurting the banks.
Banks failing ever week.
Durable Orders. Most people simply are not buying anything beyond absolute necessities.
And to top this all off, we are looking as the greatest stock bubble we have ever seen in the world. That is right, on Price to Earnings valuation this is the greatest stock market bubble in history, just two years after the second greatest stock market bubble burst.
The average S&P500 P/E is Sixty. Unbelievable!
POP!
GDP down over 6% annually.
Industrial production is down 13% in 12 months and still falling
Actual Unemployment near 18%
Retail Sales plummeting without restraint.
Car Sales plummeting and two of the Big 3 nearly dead..
New Housing Starts down to 20% of former levels.
Home sales (including repos counting as a sale) down by 50%
House values falling and falling and projected to keep falling and falling.
Business real estate falling and falling and falling and projected to fall even further than housing. This is hurting the banks.
Banks failing ever week.
Durable Orders. Most people simply are not buying anything beyond absolute necessities.
And to top this all off, we are looking as the greatest stock bubble we have ever seen in the world. That is right, on Price to Earnings valuation this is the greatest stock market bubble in history, just two years after the second greatest stock market bubble burst.
The average S&P500 P/E is Sixty. Unbelievable!
POP!
