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.
(30 votes)
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Just learning to cook.
How's about lye bread instead? ;)
lol :-D
Anarchist Cookbook ??
prudent planning
How would a trader function in that scenario?
Hey don't worry, the Fed just gave the all clear - nothing has to be priced in.
I am going to cuddle up tonight with a warm blanket and a few silver Eagles.
...........................................................
"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."
What it leads to is what it always has. The Bigs scooping up the best assets of the smalls for pennies on the dollar. How do you think they got to be big? Besides doing deals with the worst of the worst Middle East gangsters whom they embrace like kin folk.
"The fundamentals of our economy are strong." John McCain, February 2008.
"When it becomes serious, you have to lie." Jean-Claude Junker, May 2011.
"It's hardly the time to panic." Heather Long (CNN), January 2016.
CNN has tons of credibility.
I was watching the stock-roaches on CNBS all day Friday, and I heard the phrase:
"There's no need to panic"
about a dozen times.
Don't panic is the international, panic inducing, incantation.
Stay the course Canary. No need to panic. It's a much needed correction that will correct itself.
The riskier junk bond funds will collapse, but it will be contained there. There will be no contagion. And we will witness the dawning of a new golden age. Hurray! God bless America. Hang in there kitten, it's almost Friday.
He who PANICs FIRST, PANICS best, CNN forgot to mention that!
Tepper (King Jew) sold out two months ago at the top.
Panic early, beat the rush!
https://www.youtube.com/watch?v=6pKRP1DmRAU
So buy stocks this Tuesday and hold until January 21, 2031 ??? Ok. Got it. Thanks CNN.
Cartoon News Network
Life is good when~
You got your nickers all in a twist before between Ireland and England so -' what's a car bomb?
I really hope that British parliament, takes the time, to really contemplate what Scottland did last year.
The upside is very limited, pertaining to staying in the E.U. or using an common currency.
David Cameron is extremely niave.[ his handlers know that]
In Ireland we have the Magic Negro drinking Guinness, A glorified MacD named after him. Trump has a 5 star resort - Doonbeg. You do realise that Scotland and Cameron have nothing to do with Ireland? I really don't want to revisit our twat exchange. BTW a car bomb is Guinness, Jamesons and Baileys
I said " British Parliament". Nothing has changed, and you know it.
I'm really more about the drink reference. Slante
That's your problem?
I'll see ya during my morning walk.
Any more pronouncements from your dumb nigger pet!
Who is that fairy in the picture at the bottom of the article?
A really tired drunk.
Wow.
So now Im supposed to work another 15 years in hopes that my IRA's get back what they lost just this year? Didn't we hear this same shit almost 10 years ago when the markets collapsed and many banks went belly up. Lets see, 15 years would make me 83. LOL Guess I'll have to keep working overtime as long as its being offered. Building my saving account when the banks are paying me .075% doesn't add much like it did a few years ago when a nice saving account was paying 5% and more.
Wow. How'd you rate .075%?.. You must be one of them 1%ers.
God, what a world we live in. Pretty soon, that .075% is going to look really good when they pull the NIRP trigger.
Mr. Bojangles: (hic) hey homie ha, (hic) lez hav a few mo steele reserve (hic) up in da whitefolk house (hic) like when i made da white cop (hic) kiss up to prof gates ya'll haha (hic) ya'll. i even make comey the fake irish worship at the mlk (hic) haha!
Martin Luther will save us for at least another day.
Bush's fault, didn't you know?
The cnn folks are channelling ben the bean bernanke. I recall this same meme back then a long time ago in a far a way land.
Ha, ha, ha, ha, ha! Yes. Everything is beautiful! Everything is great! Another pint?
Panic?.....there's no panic....just calmly sell every fuckin thing that's not nailed down...
Last folks to have their heads chopped off or laid off before the government leadership topples is the press and the propagandists. Just ask Goebbels and Baghdad Bob (Muhammad Saeed al-Sahhaf). Even Fox is starting to teeter.
Can I take that to the bank?
Cue ROTC Kevin Bacon
So the shit hit the fan plan guy is saying the shit is going to hit the fan. So plan.
No. He is saying that the shit has already hit the fan.
Hopefully you have already have a plan, man.
How well can you tread the shit headed your way?
Sell stocks and move to cash and gold asap !! This market is going down !!
I thought number of people on Food Stamps were significantly higher?
Well it must be in good shape, otherwise they wouldn't be taking every oportunity on TV to tell you everyting is Honky Donkey and there is nothing to worry about.
POTUS: Party of the Uber Stein. For those who are consecrated by the King.
If CNN says to not panic, that means we should all panic.
This article has nothing to do with CNN.
If your not holding stock in certificates you might want to panic... Your stock isn't in your name, or they probably haven't even purchased them yet, you might be holding electrical shares... You might be naked...