February 2019
Dear Friend,
Michael Snyder, a former Washington DC lawyer, is an author of four books, a media personality, political activist and nationally-syndicated writer. In his article, he identifies the escalating problem of America retailers going bankrupt and closing stores in just the first few weeks of 2019.
Retailers in America were hoping that a strong holiday season in the last month or two of 2018 would turn things around, unfortunately, that did not transpire. In fact, United States retail sales in the United States deteriorated with “their biggest drop in more than nine years”.
Online retailing, which accounts for less than 10 percent of the entire industry, also suffered with “the biggest drop ever” during the month of December in 2018. Snyder writes, “So brick and mortar retail sales are going down and online retail sales are going down.”
To date, retail store closings are 23 percent greater than last year! All of this points to a recession!!!
We at Eagle European Capital, LLC agree that economically, things are not as rosy as the news portrays. One important type of financial insurance is owning physical precious Metals. Gold and silver coins and bullion have never been valued at zero while we know some stocks and bonds have become worthless, especially in a recession.
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Click the Link below to read the entire article.
