Newsworthy Story 2017:
USA Home Sales: fall to just above Zero for the first 6 months of 2017.The Federal Reserve Bank has successfully put the USA economy back into a recession/depression mode in 2017. The 6 month average for Home Sales in the USA is 0.16%. Retail sales are just above Zero also for the first 6 months of 2017, coming in at -0.2% for June 2017. The 6 month average for USA Retail Sales is 0.03%. Retail Sales reflect about 65% of the USA consumer economy. New Housing Sales are just up 1.71% from January to June 2017 with unconfirmed closings.This figure will go down. Housing Starts are at -2.06 for the same period.
The following is an excerpt from the Democratic appointee Janet Yellen Fed Chair in her opening statement on June 14, 2017 at the Fed Open Market Committee meeting. Yellen read into the record " this reflects the progress the economy has made and is expected to make to maximize job employment and price stability objectives." The statement is constructed to support of the last three FED Interest Rate Hikes in 11 months of 0.75% including the June 14, 2017 Prime Rate Increase of 0.25%.
USA Economy: is headed for a recessionary level again as experienced in the last 8 years, 2009 to 2016 orchestrated by the preceding 2008 and 2009-2016 administrations. Retail Sales are a zero, auto sales are lower than 2016 with dealers offering up to a -20% discount on or all some models in their inventory to move them for the 2018 models. Real Estate values and Sales are at a lower value and level for the last 12 months.
US FED: Raised Prime Lending Rates for the third time in 10 months. These raises were forcasted by the FED in December 2016 without any consideration of the USA Economy and its down trending results from the FED actions. It has also been predicted that the USA Gross Domestic Product will result in a -0.10% for year end 2017 by International Banking sources..
6-6-2017: USA GDP FORECAST: for 2017 is estimated to be a negative zero point one tenth percent -0.1% in world speculation, at this time. The Federal Reserve Board announced their anticipated Interest Rate increases in December 2016. This was done without current, appropriate data to support the FED's outlook of the USA, under its new administration. The FED's agenda has been adverse to the TRUMP Administration efforts, since Trump took office in 2017. The preliminary adverse results of the FED's actions are showing in USA Retail Sales, Auto Sales and Real Estate, all of which are at Zero or less for 2017 in comparison to 2016 and year to date for 2017.
6-2-2017: WORLD CLIMATE CONTROL: The TRUMP administration position is clear. The USA is over 12 years ahead in decreasing Carbon and other omissions into the Climate than all or almost all other Country(s). To be part of an accord that would limit America's production future would be a giant step backwards.Other World Country(s) that have Ignored The Climate Issues for the last 20 years to Date. America did not. America has already reached the target level of the accord that is set for 2030. Participation would severely limit the future of a rebirth of American Business and Jobs that have been eroded in the last 20 years by the same countries. Another words, the Banner of Climate has been an issue, as detailed, since the mid 1990's by the then Vice President Al Gore and America has done something about it. It appears the rest of the World has not. America needs to move forward again and continue to be a leader in Climate Control as we re-establish American Business..
5-18-2017: US FED: appears to be prioritizing the prior administrations agenda from 2008-2016 over the current administrations goals for America. The FED's basis for its decision making process ignores the results of their past actions. For example Retail Sales at just above zero "0.2%" average for 2017, which in all probability is a result of a negatively impacted American consumer purchasing power from the prior administration 2008-2016. Instead the FED focuses on the Unemployment Insurance Benefit Rate, the "U3" decreasing. Yet about 1.5 million workers from 2008 have not re-entered the employment ranks. When your benefits expire you are not counted on the U3 but are still unemployed.
4-29-2017: How can Trumps Tax Plan: work to help America rebound from a failing economy that began 9 years ago with the Mortgage Crises. In all probability, it could help America kick start "Make America Great Again" from the corporate perspective. More investment in American businesses resulting in jobs and growth. This is a good long term idea if the large corporations actually do reinvest in America.
4-6-2017: China vs. USA Currency Valuation: China indicates that its currency the Yuan may now, as of today's date, be more valuable than the USA Dollar. Yet Analysts in July 2016 indicated that the reality was years down the road because of the China Government Stimulus Plan. Has the China Government Stimulus Plan of 7-2016 been reimbursed? If not, how can one calculate current results. This assertion is suspect of currency manipulation on a international level.
3-16-2017: USA FED: raises the Prime Lending Rate to 4.0%. Next Rate Hike may be as early as May 3, 2017. USA National Real Estate Economy is flat and stumbling and in the negative Sales category for January and February 2017 and over the last 14 months primarily due to FED interest rate increases.
3-10-2017: The 1 through 10 GDP Countries: are in order, China, USA, India, Japan, Germany, USSR, Brazil, Indonesia, UK, France. The Countries contribute between 61.21% and 67.44% of the Worlds wealth. Countries ranking 11 through 20 are, Mexico, Italy, Korea,Saudia Arabia, Spain, Canada,Turkey, Islam Republic Iran, Australia, Thailand, ppp 14.29% of the Worlds wealth.
2-24-2017: Home Sales in the USA were up for January 2017, +3.3% over January 2016. The Median Price for a USA Home is $228,000. This is coming off a -6.0% decrease in the last quarter of 2016.
2-7-2017: USA Real Estate growth for the October, November and December measured -6.0%. In all probability due to interest rate hikes by Fannie Mae, Freddie Mac and the Prime Lending Rate increase by the Federal Reserve Board on December 14, 2016.
1-20-2017: USA Inauguration of Donald Trump, President.
1-10-2017: The Federal Reserve Board: despite indications going back as far as July 2016, raises Interest Rates across the USA. The Real Estate Market had already slowed in the last quarter of 2016. The Stock Market rallied through the Hike based on Wall Streets confidence of the Trump Stimulus Plan. The FED chose to ignore the Election and new direction of the American economy and the wishes of the American people.