Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Find Slight Losses Again
By: Chris Mullen, Gold Seeker Report

Gold: Will Goyal Make It Royal?
By: Stewart Thomson

Jack Chan Unwraps Trend Reversal and Long Consolidation
By: Jack Chan

Abraplata Resource Corp. (TSX-V: ABRA): Further Drilling Expands Known Mineralization, On the Path to Delivering a Construction Ready Project in Argentina
By: Nicholas LePan, GoldSeek.com

Chairman for People and Arrogant Eurocrat
By: Arkadiusz Sieron

Gold Resource Corporation Commences Isabella Pearl Gold Project Construction, Mineral County, Nevada
By: Gold Resource Corporation

Northern Vertex Announces Moss Mine Continues To Exceed Feasibility Expectations During Ramp Up To Commercial Production
By: Northern Vertex Mining Corp.

Own A “Bit Of Gold” As We Are Moving Ever Closer To A Trump Trade War
By: GoldCore

Take the Long-Term View in a Late-Cycle Market
By: Frank Holmes

Failed States, Part 1: Hopeless European Millennials And The Populist Takeover
By: John Rubino

 
Search

GoldSeek Web

 
Corporate America has been in recession since 2014


By: Steve Saville, The Speculative Investor

 -- Published: Friday, 23 September 2016 | Print  | Disqus 

The following three charts tell an interesting story.

The first chart shows that the real output of the US manufacturing sector has essentially flat-lined since Q4-2014.

The next chart shows that Total US Business Sales has been down on a year-over-year basis during every month subsequent to December-2014.

The third chart shows that US corporate profits peaked in Q4-2014 and in the latest completed quarter (Q2-2016) were almost 10% below their peak.

The story is that there has been a business recession in the US since the end of 2014. The business recession hasn’t yet transformed into a full-blown economic recession, but it will possibly do so within the next three months and it will probably do so by mid-2017.

The US business recession hasn’t been caused by the relatively strong US$. We know this firstly because a strong currency logically cannot be the cause of persistent economic weakness and secondly because the following chart shows that Net US Exports have improved slightly since the end of 2014.

Economic weakness outside the US has almost certainly played a part in the US slowdown, but the biggest part has been played by the Fed. Monetary policy has simultaneously caused stock prices to remain high and underlying businesses to languish, with the most obvious evidence being the favouring of debt-funded stock buybacks over capital investment.


| Digg This Article
 -- Published: Friday, 23 September 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus


Regular financial market forecasts and analyses are provided at our web site. We aren’t offering a free trial subscription at this time, but free samples of our work (excerpts from our regular commentaries) can be viewed here.

E-mail: Steve Saville



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.