Wednesday May 21, 2014
Please take a look at these photos of unsold cars around the world.
Have any readers seen similar stories to this? IF so let me know
The housing bust of 2008 was the result of unsold houses piling up. That then leaked into a lack of demand for cars. Now we have
too many cars
too much student debt
too many people simply not working
Deflation is not over yet if that is the case.
Lackluster earnings won't support stock prices.
Credit Suisse admits to aiding US citizens in evading taxes.
Worker Productivity Turns Negative.
WSJ Today
Page C1
WMT reports fifth consecutive quarter of declining sales. TGT down 5% in sales from a year earlier.
CAT dropped 3.6% yesterday, global sales down.
Connect the dots here and we have an over taxed plurality desperatly trying to hold on to their money, a less productive work force producing fewer profits.
How long can stock prices stay this high?
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