By Jim Sinclair
There is no boom. I am in the one business which has proven since 1985 when I started it, as the perfect forecasting indicator. I am in food wholesale. It relates to foodservice (restaurants) and retail stores.

In every past downturn, I do well about 6 months before the statistics point towards a nice up tick in conditions in terms of my sales to foodservice. When things look iffy, my sales to retail pick up just prior to the numbers coming out that things look not so cool. It has worked like clockwork for me in ‘knowing’ the future.

This time, foodservice has been off at least 50 to 70% in 2009, and in early 2010, its worse! I am considering shuttering the foodservice distribution operations until things look better, which may never come. My retail side is strong, but getting weird.

Retailers are looking to cut every corner possible and to raise margins at the expense of quality, which the customers actually DO notice!

The interesting part of it all is that we have been seeing a very quick reversal of pre-holiday sales, which were typically good. So the GDP number released today of up 5.7% stunned me in terms of how good it was. 5.7% is like the grand old days, and I can assure you, it was not close to that. I’d say more like up 1.1% if lucky!

Yes we had a better than expected selling season, but not by that number for sure. It’s pure BS. And it pisses me off, because no one out there believes it for a moment.

Want to know what the average guy I know is doing? They cannot get into gold, but they are buying up weapons and ammo; I kid you not. They sense something really bad coming and they want to have what they need to hunt and protect what they have. I have to agree.

Courtesy: www.jsmineset.com

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