Oct 14, 2015

While most investors have feared inflation for years, the specter of deflation has begun to grip the global economy. England has officially slid into deflation as of last month. Job creation in the United States has taken a suspicious and surprising downturn. In August, the jobs report came in at 147,000. Typically, the number is revised after a month, and has been revised upward for most of the past few years. Analysts at Goldman Sachs have been very accurate on the revision estimates, and published a report predicting the jobs number would be raised to 210,000 or more. Instead, the final revision fell to 137,000, a nearly shocking revelation. Goldman is now saying that the economy is at a fragile tipping point and that the market crisis in emerging markets and Asia is not just a passing trend, but another wave of the 2008 derivative meltdown. Steve and Sinclair review reports from Goldman and Jeff Cox and CNBC. In the Q & A, estate planning attorney Richard Dwornik joins the A-team to review the five key elements of a solid estate plan.