The latest Gross Domestic Product number revealed unexpected weakness in the economy by the government and mainstream economists, so guess what? The government is just going to change how they calculate the GDP to make the economy look bigger. Now research and development will be counted in the GDP as investments rather than be written […]
Central banks are buying record amounts of stocks
Low bond yields are leading central banks to buy higher risk assets such as equities to get higher returns. This will further inflate the stock market bubble that these central banks are responsible for with their record monetary stimulus programs such as Quantitative Easing. Continue reading at www.bloomberg.com.
Spanish economy collapsing with unemployment rate topping 27%
The unemployment rate in Spain has risen to 27.2 percent, according to the National Statistics Institute in Madrid. This is compared with 26.02 percent in the previous three months. For those under twenty five years of age the rate is an incredible 57.2 percent. The economic collapse in Spain is now quickly approaching the dire […]
Paul Krugman and his cult of debt that is mainstream Keynesian economics
Charles Hugh Smith of oftwominds.com has the Keynesian paradigm nailed. He calls it the “Keynesian Cargo Cult’s neofeudal financialization debtocracy.” For Paul Krugman and his fellow Keynesians the problem with the economy is always a lack of “aggregate demand” and the cure for that is always more debt and spending. It doesn’t matter what kind […]
Is this the Great Gold Panic of 2013?
The news of the U.S. mint running out of one-tenth ounce Gold American Eagles has led some to believe that there is panic buying in the gold market, as demand for physical gold bullion has been surging relentlessly since the recent decline in prices. But looking at the fundamentals of the economy, this surge in […]