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Trends This Week – Economic hard trend lines & an invigorating trends retreat – 12.02.15

Gerald Celente forecasts: When the final numbers are tabulated, overall holiday sales will trend lower for 2015 and the overall retail sector will grow weaker in 2016. Indeed, beyond the holiday season, from luxury brands, to mid-range and low-end product sales, there is a slow and steady slump across all retail sectors throughout most of the developed and emerging markets. In the United States, for example, where consumer spending accounts for some 70 percent of the nation’s GDP, the downbeat reports from retailers throughout the year are clear trends of tepid growth followed by steady decline. With the labor force participation rate at 38-year lows, median household income below 1999 levels, medical costs are rising along with property and school taxes far faster than wages. And with some 51 percent of working Americans earning under $30,000 a year, there will be less discretionary income for non-essential retail products. Celente also breaks down the reasons why the price of gold is tanking and what the future holds for it. Elsewhere in the show he’s joined by a special guest to provide details and testimonials on the upcoming “Prepare for 2016” trends and well being retreat in Naples, Florida, January 10-16.

 

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