If you've been following mainstream financial analysts and pundits you'd think that the U.S. economy was booming again. Prices are near all time highs, people are living in fancy homes again, everyone has a brand new car, and official unemployment is below 5%.

Happy days are back again, just like back in the late 1920's.

But Traders Choice analyst and "Fed Predictor" Gregory Mannarino has a different theory, and according to his latest alert, the situation with the U.S. economy and financial markets is critical:

Yesterday I explained that the fundamental factors that are supposed to support this market… along with the technical factors… are deteriorating. This morning we get yet another round of bad economic news. We find out that U.S. productivity is the lowest level in a year… you can just go on and on… we haven't had one round of good economic news… I can't remember when… It just keeps on coming.