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After the snow...
Get ready for the snow job.
Here's the deal.
Folks in the Northeast digging out of another blizzard...Their third in as many weeks.
But in case you folks in less or "no" snowy areas dodged the bullet, think again.
You might have missed the snow flakes, but you haven't escaped the Washington flakes.
Because I am predicting right here, right now...That the storms pelting much of the country now are gonna cost the whole country soon.
Let me explain.
We already know that every time we get a storm, we get an economic hit as well.
People can't shop, so retail sales go down.
People can't look for homes, so home sales go down.
And a lot of folks can't get to work, so productivity goes down.
Add it all up, and a lot of economic numbers go down.
So in the next month or so...A whole slew of 'em come out and look lousy.
Now we all know the weather would have played a huge factor in those lousy numbers.
And Washington knows the weather would have played a huge factor in those lousy numbers.
Here's the difference.
We can shrug and move on.
Washington can't. And won't.
It will seize on those lousy numbers and say we need a lot more spending.
So here's my prediction.
The snow we're having now is going to trigger an avalanche of calls for more spending soon.
I predict tens of billions of bucks in more spending...At the very least.
They'll say because the economy clearly needs the boost.
We'll know it's all because of the snow.
I just worry about so many others who'll have no idea they're just getting snow'ed.
Year-end economic spurt shows signs of sputteringShaky Data Fail to Deter Bulls
