Revolution 2.0

[wow_happens28]

shermann I love that X22 new format. I can't always listen for 1/2 hour. Nice summary. WalMart sales did rise in Q4, but missed expectations a bit. I really believe Walmart will be the least affected by a depression. Target blew it with the transgender bathroom BS. i'd like to buy stock in Costco, but it is way over priced, PE 32, but sales in a depression might be great but the stock might not. It looks better now that WalMart.

http://stockcharts.com/h-sc/ui?s=COST&p=D&yr=5&mn=0&dy=0&id=p47049616092

http://finance.yahoo.com/quote/COST/analysts?p=COST

Quite the list
17 signs we are in a recession
Auto loan delinquency rates have surged to their highest levels since 2008, according to a study by the Federal Reserve Bank of New York.
An April 2016 study found that nearly half of Americans are living paycheck to paycheck; a lot of other studies have pegged that number even higher.
House flipping accounted for 6.1 percent of home sales in the U.S. last year. This is the highest share of the housing market since 2006, when the rate was 7.1 percent of sales.
The New York Federal Reserve reported in August 2016 that subprime borrowers – those with a credit score under 660 – are getting new $1,000 credit cards at an alarming rate.
“Nearly half of all card closures in 2010 and 2011 belonged to borrowers with credit scores of 660 and below,

Federal Housing Administration (FHA) mortgage delinquencies jumped in the fourth quarter of 2016 for the first time since 2006. The seasonally adjusted FHA delinquency rate spiked to 9.02 percent, up from 8.3 percent in the previous quarter.
Student loan debt has surpassed $1.3 trillion, and is the second largest category of debt behind mortgages.
According to a study by the John D. and Catherine T. MacArthur Foundation, more than half (52 percent) of Americans can’t afford their homes.
The number of U.S. bankruptcy filings by consumers rose 5.4 percent in January to 52,421.
As of the fourth quarter of 2016, the U.S has had five consecutive quarters of corporate profits falling, despite stock markets soaring to all-time highs.
The labor force participation rate now stands at a rate of 62.8 percent, close to a record-low in 38 years.
Reports suggest that median income is declining and that a growing number of Americans are relying on the government for assistance.
When a bubble is on the verge of collapsing, you see this: 71% of IPO companies were unprofitable in 2014.