This week on the Big Picture, Jim and John cover the only game in town; central banks. We read about economic weakness and that corporate profits have peaked, yet the Fed is still talking about raising rates this year. They discuss the limited success of government stimulus following the Great Recession, leaving the Federal Reserve as the only game in town. Jim covers the first quarter GDP numbers and the corporate earnings season, and what those numbers are telling us about the likelihood of a recession in the future. The next topic on the Big Picture is “Predictions and Likely Outcomes For the Second Half of 2016”. Jim looks at a weakening economic picture, both in the US and globally, and makes some predictions for the second half of the year.