Scrapbook store liquidating dallas


11-Oct-2017 14:02

But on a reported earnings basis—the number you report to the SEC under penalty of the law and according to GAAP standards--the 12-month trailing PE is 25.5 times earnings.

The S&P 500 was 666 in March of 2009 and it is trading at 2,560 today.

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But the problem is that under either Reconciliation or Regular Order, passing tax cuts would mean that deficits would soar. But here is the rub, in the 1980's the National debt was 45% of GDP; but now it is 106% of GDP.read more The federal budget deficit widened in the fiscal year 2017 to the sixth highest on record, creating a budget shortfall of 6 billion.The overspend resulted primarily from an increase in spending for Social Security, Medicare, and Medicaid, as well as higher interest payments on the debt due to rising rates that drove up outlays to trillion, which was 3% higher than the previous fiscal year.According to Carmen Reinhart and Ken Rogoff, in their book, "This Time Is Different" - 800 years of financial history proves that high government debt ratios lead to low economic growth.

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And though some of their data have been questioned regarding the magnitude of their findings, their basic premise that high debt leads to weaker growth has held true under aggressive scrutiny.

The S&P hit a bottom of 666 in March of 2009, which led to the most humongous intrusion into free markets by the U. Michael Pento produces the weekly podcast "The Mid-week Reality Check", is the President and Founder of Pento Portfolio Strategies and Author of the book "The Coming Bond Market Collapse".