Financial analyst and forecaster Rick Ackerman says Hurricane Sandy came at a time when “. . . the U.S. economy is in a mission critical status. . . . All of the positive effects of this spending are 8 to 20 months down the road.” Ackerman says this disaster is going to be different than in the past because “we’re living off the fatted calf, but the fact is now we’re broke. Where is all this money going to come from?” You can forget the current mainstream media estimates of $50 billion in storm damage. Ackerman says the real cost of Sandy “. . . is going way, way up into the $150 to $250 billion category.” Ackerman predicts the storm will have a national impact. He says, “There’s no question that what’s happened is going to cut into retail goods, especially high end gifts.” Join Greg Hunter as he goes One-on-One with Rick Ackerman of RickAckerman.com.
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Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.