News Review – US manufacturing falls in April, total Q1 output plunges from 2018
by Jim W. Dean, VT Editor … with Press TV, Tehran
[ Editor’s Note: This was a change of pace Press TV show, my first on a Treasury report. But none of us are strangers to what has been going on with the economy, so no huge preparation was required.
We are in the longest economic expansion without a major downturn, and smart money knows the hammer will fall some day. One would think Trump would be pushing for international stability, but many see him doing just the opposite.
Low unemployment and a good stock market is a wave that he has surfed until now, but other presidents have tasted the bitter fruit of not just a downturn, but a crash.
Many think that’s why the Deep State keeps a number of mini-wars going that can be ramped up if needed to turn a recession around. Roosevelt got the gold star for that, and it saved him politically.
But you will get no bet from me as to how long the bubble will last. I am generally in defense mode all the time anyway, having seen enough of them to keep debt low, if not zero, and live within one’s means … JD ]
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– First aired … May 15, 2019 –