There’s no GOOD news!

Well, certainly there is SOME good news, but the point here is that there is plenty of bad news.  Regardless of how either political party tries to spin it, America (and the rest of the world) is in a serious economic crisis.  An article from Charisma News shows some of the dismal economic indicators.  I am listing some of them here, but you can review the complete article at Charisma News for more details.

•  218% increase in job cuts.

• US factory orders dropped for 14th month straight

• Restaurant Performance Index fell to lowest level since 2008

• Class 8 truck orders fell by almost 50% over previous year

• Rail traffic significantly slower

• Corporate profits declining through 2015

• Several large Euro banks in serious danger

• Credit Suisse cutting 4,000 jobs

• Royal Dutch Shell cutting 10,000 jobs

• Caterpillar closing 5 plants

• Yahoo eliminating 15% of entire workforce

• Johnson & Johnson cutting 3,000 jobs

• Sprint layoff of 8%

• GoPro layoff of 7%

• Wal Mart closing 269 stores

• K Mart closing over 24 stores

• JC Penney closed/closing nearly 100 stores

• Macy’s closing 36 stores and cutting 2,500 jobs

• The Gap is closing 175 stores

• Aeropostale is closing 84 stores

• Sears closed 600 stores with sales continuing to fall

• China “bad loans” over $ 5 trillion dollars

• Japan implemented a NEGATIVE interest rate program to motivate more bank loans

Whether you think the sky is falling, or this is just a temporary crisis you should prepare yourself for economic difficulty.  There are some things you can do to prepare.  Sooner or later the piper has to be paid.  Our national debt is fast approaching $ 20 Trillion with neither political party willing to stop spending increases.  All around us are warning signs.

I am as positive thinking as anyone, but only a fool would ignore all of these troubling economic indicators.

Are you ready?

***Gordon Howie is an author and CEO of Life and Liberty Media***

“It’s not about right or left, it’s about Right or Wrong.”

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