Phoenix Firearms Manufacturer

US Economy 2011 Mid Year Forecast Update

The story remains pretty much unchanged relative to what I have been discussing over the past several months.

Throughout our research publications I have been pointing to the impressive earnings from U.S. corporations. I have also noted numerous upward revisions in 2011 EPS, which of course implies a higher stock market. As a consequence, I have been bullish throughout this, as well as over the previous year. At the same time, I discussed my expectations of a weaker economy in the second half of the year.

Although we are now seeing early signs of expected weakening of an economy that has been propped up through artificial means, investors have jumped the gun a bit, perhaps as an excuse to trim down positions in advance of what is historically a weak period of market performance in the summer months.

Regardless how well the U.S. stock market has risen over the past two years, we cannot forget that the U.S. economy remains in a recession, which is just one month shy of the longest recession in over 100 years.

That’s right. You’re hearing it from me. There will be no “double-dip” recession as everyone has been discussing because such a term has no validity. This can easily be confirmed by anyone who truly understands economic cycle theory. Apparently, very few do.  

Why do so many government and Wall Street economists, analysts, journalists and bloggers continue to discuss the potential for a double-dip recession?

First, you have to understand that all government and Wall Street economists serve as cheerleaders for America’s fascist regime. Thus, they are the last source of reality. Regardless which side of the Washington mafia these hacks side with, merely by pointing to or casting aside thoughts of a double-dip recession accomplishes the same goal; fooling Americans to think that the recession ended in June 2009.

Why would opposing sides of the Washington mafia want to hide the truth?

If Americans truly understood reality, they would call for an end to America’s fascist government, which would threaten both families of the Washington mafia; the Democratic and Republican Parties.  Already, the tea party movement, which was initially focused on a call to an end of the Washington mafia has been hijacked by the Republican Party.

Transsylvania Phoenix: Gun Manufacturer Executive Backs Barack ...

Cooper said he voted for George W. Bush in 2000, having voted in past elections for every Republican presidential nominee back to Richard Nixon. In October 1992, he presented a specially made rifle to the first President. Bush during a Billings campaign event.

This year, Cooper has given $3,300 to the campaign of Democrat Barack Obama. That's on top of the $1,000 check he wrote to Obama's U.S. Senate campaign in 2004, after he was dazzled by Obama's speech at that year's Democratic National Convention.

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