....."The primary indicator that “something bizarre and unfamiliar was occurring,” according to Levy, was that “the swollen federal deficit fully accounted for domestic profits.” The bracing reality, said Levy, was that “the private economy was unable to generate profits; the federal deficit carried the entire load.”
above is from LEVYFORECAST.COM please visit site to get info on his elite service.
I have read NOWHERE else the quote above about profits...if LEVY is correct, does that not put different face on current conditions? this is why my blog is popular I think among other reasons, I have spent many years cultivating sources and contacts and pay for countless subscriptions for elite data that helps me arrive at my opinions. and how all these things can effect economy and or market action is another unknown and again you can never feel 100% about anything.
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2 comments:
Now you are starting to get it. Pay attention to Jim Chanos. Debt is many times greater than revenue at multiple S&P companies. If you want to do the world a great service, start publishing those ratios instead of sexy charts.
It's in the mundane stuff where all the secrets lie.
Morgan
"starting to get it"? been getting it for 15 years. DOn't discount charts, they have NO emotion, help tell the story.
It's complicated to some degree, so I use a multi prong approach...thx for input and reading.
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