CNN Reassures Investors: "Don't Panic... America's Economy Is Still In Good Shape"
Submitted by Mac Slavo via SHTFPlan.com,
Forget for a moment that U.S. stock markets have seen their worst start to a new year since the Great Depression or that some $2.5 trillion in wealth has been evaporated in less than two weeks.
CNN says it’s hardly the time to panic:
Time to panic? Hardly.
There are plenty of reasons to relax, especially if you are a U.S investor. Here are the top two:
1. America’s economy is still in good shape.
2. Staying in stocks pays off. Since World War II, investors who remained in stocks for at least 15 years made money
...
Right now, the U.S. economy is growing. It’s not rock star growth, but 2% to 2.5% a year is good, and the Fed is being very cautious.
More importantly, businesses are still hiring. Over 2.3 million jobs were added last year (the latest data on hiring comes out Friday and it’s widely expected to show more jobs added).
Pay no attention to the fact that last week not a single cargo ship was transporting raw materials in the South China Sea, the first time in history that it has happened. The economy is is great shape and this is not proof that global commerce has literally stopped.
Worry not that Walmart, Macy’s and scores of other retailers had an abysmal holiday season and are now set to lay off tens of thousands of workers. Unemployment, when calculated using models that were used during the Great Depression and that were defined out of existence by the government in 1994 show that some 23% of Americans are out of work. But we don’t calculate like that anymore, so we actually have an employment rate of about 95% in America right now.
And though the economy is officially growing at 2.5% per year based on the government’s trustworthy data, we should absolutely not look at the inflation numbers, which according to Shadow Stats are running about 4% per year. If we did, however, go totally fringe and consider inflation within the context of the economy we might notice that this purported growth is actually negative 2% if not worse.
In fact, we’re doing so well that just 45 million of America’s population of 320 million people are on food stamps right now. By all accounts, a really good sign of not just economic growth, but more jobs and an increase in personal incomes.
And with oil trading at under $30 per barrel, we can see nothing but blue skies going forward because, hey, we’re all paying a dollar less for gas now. We’re sure this will have no effect on the domestic real estate market in places like Texas and North Dakota. Nor will this collapse in oil prices cause debt burdened domestic oil companies to close up shop, potentially leading to a domino affect across the entirety of the U.S. economy. Nor will it have any impact on periphery businesses that service those companies, including all of those restaurants that saw below-minimum wage job growth explode last year.
You have absolutely nothing to worry about. The notion that an economic and financial catastrophe of historic proportions is playing out right before our eyes is the fantasy of internet conspiracy fanatics.
At this point, we encourage our readers to take no action to prepare for the coming calamity, because there is no coming calamity.
Carry on. Everything is awesome. It really is different this time.
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Translation: PANIC - a group of people have got us by the groin; they control and own everything and there's nothing you or anyone can do about it >>> => http://wp.me/p4OZ4v-2mp
funny, marketwatch said something similar. I think Ill mostly stay out of this rigged casino. Tell your nonsense to people who bought nasdaq anywhere near its high in '99. They just recently broke even, and are now back in the red. After 15 years...
The Fed tells the banks not to mark bad loans to market (must be an awful big nut, people) and we shouldn't panic.
So hows come equity managers always claim that equities are the best discounter of the future except when they tank forecasting a big assed economic downturn, then they're not?
RIDDLE ME THAT ....
Mr. Bojangles has it all under control
The Israeli Press has spoken. Now go buy some stocks, goys!
Good one.
It's CNN, so we know they are lying... Better contra-indicator than Gartman himself...
Re-education camp FOR YOU!!!
The greedy lying socialist jew media needs to be marched to "Der Showers".
If all else fails, you can always roll out the MSM pressitudes.
When I want to learn the truth, I read various blogs, compare and comtrast views and critically analyze the 'facts'.
When I am feeling lazy and stupid, and want to hear lies, I turn to CNN.
“There isn’t anything encouraging in this report,” said Thomas Simons, a money-market economist at Jefferies Group LLC in New York.
http://www.bloomberg.com/news/articles/2016-01-15/retail-sales-in-u-s-de...
"Robust!"
~ Soweto
Its all your fault, you cheap bastard :)
1.all the news outlets main job..never report important news/information.
2. if you must lie. for effect :get a attractive women to do it..
3. keep PC at all times..nothing like the jewish head of the fed said is allowed
or never report negative news for the protected classes: fill in here n-----,j--,h----,i-------..the last one could be aka wetback.
welcome to the greatest show on the earth.
"it's just a fantasy" - "ohhhh, oooo, ohh".
billy joel...
LOL cnn
This person thinks CNN is run by jews...er....Israel....er.......non muslims.....er....well something......
This person thinks that only "those" people will now by equity.....er.....or something......as a result of something....
This person is a VERY deep thinker...er....or something.
Not to diss your phrase - but I love 'Magic Negro' - fukin awesome
Someone is "peddling fiction"?
Yes, just do a search and look up the "expert advice" from right before the 2001 crash and the 2008 crash.
They all said "stay in for the long haul" and "corrections are normal" and then the 401K/IRA/Pension chips were raked off the green felt by Wall Street.
"Bear Stearns is fine!" Sure Cramer, sure CNN. Shills serving their masters.
You know it's a bare faced lie when CNN come out and say something as profound as that!
In truth there will be no real recovery what so ever!
The elite will soon run and hide in the bunkers paid for with citizens taxes, after engineering a full economic collapse as well as starting WW3, plus they will make sure that there are enough Jihadi's in the West to start a race war.
That should be enough to cover up the failed fiat ponzi scheme and take care of the 'excessive' population......
http://beforeitsnews.com/global-unrest/2016/01/the-lion-is-it-time-to-fi...
anti semitic flattery will get you nowhere
Antisemitism IS a trick!!!!! oh dear => http://wp.me/p4OZ4v-1Ow
WTF? So you are for Jews commiting genocide agianst the Palestinians?
Or your against people sucking Israels "proverbial" dick?
I'm a bit confused by your contradictory statement. "anti semitic flattery"
Now this guy...he wants to talk about jews....he wants to talk about Palestinine.....
If you don't agree with him he wil swear at you...
Another really deep thinker....at the depths he thinks at two things happen....crush pressure and you ear the name he uses.
Like the illegal indonesian kenyan alien muslim fugepacker sez: ..."peddling fiction.."
He who panics first, panics best...
yes. Also, better to be early than late
Please stop linking to your BLOG.
Fuck off trumpo the clown!
actually you need more asswipe
I don't know, his blog had this on it and it's definitely worth a watch.
https://www.youtube.com/watch?v=3KSJY0c8QWw
Yep,
The Workd Defeated The Wrong Enemy. First hour has some scenes difficult to view.
https://www.youtube.com/watch?v=bm34sj65MkA
2.5 trillion of "wealth" evaporated and a lot more of phony wealth will be erased in the comming years.
It is ironic how this phony wealth is actually making us poorer with lost productivity. How many slackers are on FB and Twitter when they should be working?
I had to go back and forth between ZH and CNN to figure out which parts were CNN being delusional and which parts were sarcasm added by ZH. Tells you something about the state of the world.
Good thing he married for money.
He'sgot one thing going for him anyway.
CNN "reassures" investors... uh huh.
Any investor watching CNN with any degree of trust probably deserves to be financially wiped out.
CNN has ZERO credibility.
No one cares what CNN says
Well, there's the comedy....
I watch CNN for Anthony Bourdain...
Anthony Bourdain is a fucking communist asshat.
I only watch CNN at airports -- where I have no choice.
You mean CNN took a break from sucking Trumps dick.
obama. what a pathetic excuse for leadership. yea go ahead and force negrotivity upon the greatest white culture ever known, who have lead the world in the advancement and refinement of humanity. The joos take over using their joo confetti as the weapon, force all the stuipd sheep to act like the shoeshine boys and bamb! Collapse. joos took the gold back to israel plus stole our nuke tech to make sure the goy do not retaliate. It's unfolding right before your very eyes.
Befriend a Muslim and learn the truth about Americas cancer.
OK, but I was talking about Trump. You might want to reread my post.
Exporting oil for the first time in 35 years and letting Iran sell again will probably make it all better.
Picture Caption time:
"Yup. Right up their asses and they didn't even flinch."
"What? Me worry?" Alfred E. Neuman
The scary part is that there are a shitload of people who are buying Reason #1 without question. I've tried to warn people, only to experience first hand what someone very recently reminded me of here on ZH, which is the Cassandra effect.
Fuck it. If you're dumb enough to have any cash in these 'markets' then I give exactly zero fucks what happens to you when you get wiped out.
Good luck.
That clown needs an ' Knuckle Sandwich' on rye bread. ;-)