An Economics Update – 10.19.15

The case of Wal-Mart Stores, Inc. A horrendously ugly picture, the worst stock decline in 27 years. The retail sector in general is hitting the skids. Red flags are going up everywhere. They are STILL talking about an economic recovery! The propaganda machine never lets up. The views of Rick Ackerman. (Interview available through subscriber e-mails). He thinks an imminent melt-down is a ‘sure thing’. The fate of highly-leveraged balance sheets. Many Fed assets have no value. Consumers continue to lack purchasing power. Bill Bonner roasting Martin Wolf (Financial Times journalist). Government recruitment (always the ‘leftovers’).Why do the participating countries want the TPP so badly? Corporate earnings and their relationship to the stock market (nil). Why the U.S. government is insolvent.