This week's economic reporting will be a bell-weather of how the summer will look economically.
Here is some info coming out this week:
Monday
Earnings: Urban Outfitters, Take Two Interactive, JA Solar
02:00 a.m.: Chicago Fed President Charles Evans on global outlook, Sweden
10:00 a.m.: NAHB survey
Tuesday
Earnings: Wal-Mart, Home Depot, TJX, Dick's Sporting Goods, Medtronic, Autodesk, Red Robin Gourmet Burgers, Vodafone, Analog Devices
08:30 a.m.: Housing starts
Wednesday
Earnings: Lowe's, Target, Staples, Target, Salesforce.com, Synopsys, American Eagle Outfitter, Rexnord, Eaton Vance, Hormel Foods, Burberry, L Brands, Sears Holdings
03:00 a.m.: Chicago Fed's Evans on economic growth, monetary policy, Munich
02:00 p.m.: FOMC minutes
Thursday
Earnings: Hewlett-Packard, Intuit, Williams-Sonoma, Gap, Trina Solar, Toro, The Buckle, Ross Stores, Aeropostale, Aruba Networks, Brocade
08:30 a.m.: Initial claims
10:00 a.m.: Existing home sales
01:30 p.m. Fed Vice Chairman Stanley Fischer on economic outlook at ECB forum
07:00 p.m.: San Francisco Fed President John Williams on impact of form
Friday
Earnings: Campbell Soup, Deere, Foot Locker, Ann, Mentor Graphics, Krispy Kreme
08:30 a.m.: CPI
09:45 a.m. Manufacturing PMI
01:00 p.m. Fed Chair Janet Yellen at the Greater Providence, Rhode Island Chamber of Commerce on economic outlook
Regardless, the Fed will continue to do it's magic to keep the dreaded "R" word at bay until all confidence in the system spreads to the sheeple. At that point I suspect we will see a "sheeple stampede" (Just think of the visual on that one) of people cashing in their 401K's, changing retirement plans from aggressive to conservative and day/week stock market traders slowly moving out of the market. It should be an interesting summer.
On another note: I have been talking to a lot of businessmen/Women over the past 2-3 weeks as I start a small company. On a 1:1 basis each businessman shared with me that they are "very worried about the economy"; however, when these individuals get in a room with other business people the mantra is that "all is good and great times are ahead." I call it the "group normalcy bias syndrome". Nobody wants to say in public that the emperor has no clothes on. It's like they are the only one (s) that see's the light - Wink, wink.
Individually these people share with me that they are downsizing in all aspects of their life, e.g. house size, outgoing expenditures, slowly getting out of the market, etcetera. I was asked on the side on more than one occasion, what I think they should do when it comes to being prepared for when the bottom falls out. A couple who are totally anti-gun, even whispered to me asking, "what kind of gun should I buy."
I don't know why they are asking me though? Years ago many of them thought that MrsMac and I were nuts. Now they are asking for my 2₵ worth. LOL. Funny shit huh?
Well it should be an interesting summer boys and girls. Gas is already up 22₵ a gallon over the past rolling 30 days. Our major cities are gearing up for riots. The political 2016 juggernaut is gaining speed. Our trusted places to go for news is falling apart under the weight of its corruption. Our President is starting to understand that he is irrelevant anymore. There is a serious war going on in SE Europe and the Middle East which is being under reported in the news. ISIS is here in NA and coming to a shopping mall near you soon. And, the backbone of our nations economy, the small - medium businessmen/Women; are starting to plan for the collapse. Yupper...It should be an interesting summer.
Oh and then there is Ron Paul...
It should be an interesting summer...
Edit: I can not copy & paste this Ron Paul 12 minute video over from YT. I wonder why. If you would like to go see it before it is taken down go to YT and the title: Ron Paul 4/2015
