The Phaserl


Yellen Warns of Danger, Economy Diving While MSM Lying, Middle East Boils

from USA Watchdog:

The ridiculous drum beat from the mainstream media (MSM) has been repeating this so called “recovery” since the 2008 meltdown.

I also keep repeating that there is no real recovery. There are a variety of data points you can look at, but the most recent include retail sales and factory orders have plunged while the trade deficit has spiked. It was announced that nearly 50 companies are closing 6,000 stores. The oil industry is shedding thousands of jobs, and 62% of Americans are living paycheck to paycheck. You think I am being too negative? Maybe someone should also tell Fed Head Janet Yellen to tone it down as well. This past week, she sounded the alarm on “quite high” stock prices and warned of “potential danger” in the bond market. Still, you get headlines like this one saying “Fear Not. This May-October Looks Better Than Others.” This is not only wishful thinking, but it is bad reporting to ignore major data points that say the economy is tanking and not recovering. To me, this is an outright lie by omission. I used to work in the MSM, and if I can get this, so can they because it is simply too big to miss.

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1 comment to Yellen Warns of Danger, Economy Diving While MSM Lying, Middle East Boils

  • Jerry

    Concerning those 6,000 store closing, sounds like a lot but it is not as large a number as it seems. Those 6,000 stores that are closing represents only about 3% of the total stores in the U.S. of which 1,784 of these stores are Radio Shack which has been struggling for many years. So it is not surprising. Also there are over 700 closings due to the mergers of Office Depot/OfficeMax and Dollar Tree/Family Dollar. Not unusual when you have mergers. Also I am sure at least a some stores are being added and some are being expanded or remodeled. And part of the reason for some of these store closings is because of increased Internet sales which will continue to grow.

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