The US Economy Is Contracting As Business Is The Worst Since 2008 – Episode 903a


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Report date: 02.25.2016

Initial jobless claims appear to be at all time low, which does not make sense since there have been mass layoffs and the services industry is declining. Best Buy reports earning are down. More corporation are laying of employees. Durable good order declined and have remained flat. The subprime auto loan industry is about to pop. FDIC warns the credit risk is growing are warning a loss of provisions. The economy is contracting and business is worse than 2008.US is trying to stop US banks from buying Russian bonds.

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