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Report date: 12.11.2015
America’s faith in the economy has plummeted. Retail sales are the worse yet, with unemployment at 5% sales during this holiday season is at 2%, much lower than previous years. Business to sales ratio declines and enters the recession area. Mortgage application declines on new home purchases. BLS reports manufacturing will lose close to 1 million manufacturing jobs in the next 10 years. Bill Holter says the market decline is a test for the FED raising rates. This entire scenario is not looking good and everyone needs to prepare themselves.
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