The economic news headlines are too numerous even to post, but we’ll give you a few at the bottom of this gloomy post.
Just check out the latest earnings reports, news of employee cutbacks, executive shuffles/ removals, project delays/cancellations.
It looks as if the economy is coming to a screeching halt. All the political and Fed news is masking the on-the-ground realities, except for the “back pages” of the business papers, both online and hard copy.
Get ready for a possibly hard landing. Start saving, stop spending, stock up on useful items, seeds, non-perishables. Pray.
Just a few straws in the wind, headlines only:
Noble Energy cuts 2016 capital budget, dividend in half
Facebook Profit Tops $1 Billion – o.k. this is an outlier. There’s never 100% bad news!
Houston developer holds off on proposed downtown tower
‘Strong’ year for Umpqua Bank, despite slight quarterly miss
Well, get the picture? Don’t sell any of your longterm holdings, unless you need the money and the cap gain isn’t too bad.
A possibly good sign: when IFO becomes bearish, this is often a sign that the decline is over. She’s always late to the party!