Post by
Northforce13 on Aug 15, 2024 3:48pm
Strong data...
"Strong economic data out again today in the U.S. I had mentioned the U.S. economy and labor are doing ok, hanging in, not too bad etc etc. Today's data for retail sales and jobless claims again support this narrative"
https://www.zerohedge.com/personal-finance/us-retail-sales-beat-thanks-yet-another-massive-downward-revision
The "strong data", when compared to logic and continual subsequent lower revisions, "support this narrative" many government agencies are playing with the numbers for political purposes, producing good looking headline numbers (later revised downwards) to brainwash people into thinking everything is going better than it actually is and the current administration is doing a good job.
Comment by
Frankie10 on Aug 15, 2024 10:30pm
Yes, it is house of cards. Derivates market could very well be over $1 quadrillion notional value - I will let you all google the number of zeros... the whole system is a debt based system. It's a confidence game. Hence my prior post to North. Be good old timer.
Comment by
DZtrader on Aug 15, 2024 10:51pm
OLD TIMER..................OLD TIMER..............dude, I could only bare that if it came from like a nine year old. It'll let you know when I become an old timer..............most of you will be long dead. You can call me anything, but don't call me old...............my young wife might object! OMG, DZ