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February Is A Disastrous Month For US Economy – The Money Is Drying Up, Sales Are Tanking Everywhere, People Are Cutting Back To NOTHING As Gas Prices Near Tipping Point And Expected To Climb Until May. What Would Happen When Austerity Begins March 1st?

February 28th, 2013

I’m telling you we’ll be lucky to make it through the end of the first quarter without a major MAJOR crash…

I’m getting reports in from many business owners experiencing the same thing..
Proof:
Wal-Mart Situation “Getting Worse” New Leaks Reveal
Retail Rally In Jeopardy as Gas Prices Climb Higher
Drivers aren’t the only group growing concerned as gas prices tick upwards. Most retailers and consumer discretionary businesses consider $4 gasoline the tipping point, where consumers begin to pull back on their discretionary spending.
Gas prices expected to climb until May

4%: Americans Haven’t Spent This Much Of Their Paycheck On Gas In 30 Years

Paid over $4.00 a gallon this weekend.  This high this early in the year brings the gas price back on the macro radar screen.

http://www.businessinsider.com/gas-expenditures-as–income-at-30-year-high-2013-2

2% Payroll Tax Cut Expiration Is a Bigger Deal Than You Think: Sozzi
more employers cut workers’ hours to sidestep Obamacare


40 percent of the population close to the edge of ruin

Byron Wien: I’m ‘Suspicious’ of This Rally

 

 

Biderman’sDaily Edge: U.S. Entered Recession in January Yet Fed Fix Keeps Stocks Pumped – Stock Insider Selling is now 50 to 1 and Bailing

 

 

 

Austerity USA begins March 1st: 600,000 food stamp recipients will be cut from the program, Millions on unemployment will see their checks cut by 11%, 700,000 jobs are expected to be lost, and 70,000 children kicked out of head start

600,000 food stamp recipients will be cut from program
Massive educational cuts
Millions on unemployment will see their checks cut by 11%
12 billion in Medicare cuts
Federal funds to state governments will be cut

700,000 jobs are expected to be lost
While 70,000 children kicked out of head start

 

 

- TrInItY




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February 28th, 2013 |