You Can Profit From the Global Financial Crisis... If You're Prepared
Twenty years of going nowhere! Where are we? If you have been paying attention… you know there is something wrong. The world’s leading economy, in the most dynamic, inventive period in human history, has failed to make people a penny richer. GDP went up. But real wages did not. In fact, people got nowhere financially [...]
It has been nearly four years since the Great Recession began in 2008 with the near collapse of our financial system caused by the Wall Street banks and their cronies in Washington D.C. Reported GDP Is Overstated and Inflation Unstated The mainstream media has been telling the American people that we have been out of [...]
How do you get from Nominal GDP to Real GDP? You subtract inflation. The Bureau of Economic Analysis (BEA) uses its own GDP deflator for this purpose, which is somewhat different from the BEA’s deflator for Personal Consumption Expenditures (PCE) and quite a bit different from the better-known Bureau of Labor Statistics’ inflation gauge, the [...]
In "CHART OF THE DAY: The US Garbage Indicator Is Sending An Ominous Sign For The Economy," Business Insider points us to another piece of data that suggests the U.S. has fallen into line with Europe, China, and others in a synchronized global economic slowdown: Among the 21 categories of items shipped by rail, none [...]
Most experts would agree that the biggest threat to the Chinese economy is a real estate bubble. Arguably, China has a massive housing and overbuilding bubble as can be seen on the chart below, … [Read More...]
The short version of the Long Wave story is that human beings are emotional creatures with limited memories. For as long as there have been markets we have been traversing the same sequence of … [Read More...]
Mainstream economists have filled the minds of most Americans with economic myths that are constantly reinforced by the media and repeated on the streets. These myths are erroneous at best, … [Read More...]
