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Monday, June 22, 2009
The Truth About Unemployment Numbers
Nowadays, it is often wise to step away from business news sources, and look at original data sources, in order to learn the truth.
If we look carefully at the original information published by the U.S. Department of Labor, we see some surprises. The news stories which have run in CNBC, Marketwatch and Bloomberg, hailing "good unemployment numbers" were not conveying accurate information. Here is the real truth (more)
How The Gold Bull Market Ended (in 1980)
TUESDAY, 22nd JANUARY was a day like any other, only more so, as 1980 got under way.
"Car production fall forecast," said a headline in the Financial Times. "Bleak future for North," said another. "Economic policy deepens pessimism over future," added a third.
It wasn't all doom and gloom in the pink pages. "Lazy millionaire will back energetic individual," said one classified advert; "Property investment opportunity, 18% by 1982," another promised. But the casual investor reading the broadsheet at breakfast, or the professional trader struggling to flick open his FT on the Tube, would be forgiven for feeling as bleak as the weather. (more)
TRANSFER OF WEALTH
There can be no doubt that the global economy is undergoing a massive transformation and we have now entered an era of 'Big Government'.
After decades of excess credit and over-consumption, the developed world is finally being forced to deal with private-sector deleveraging. However, the governments seem to have other plans and they've decided to fight these deflationary forces tooth and nail. Their solution - even more credit and even more consumption! (more)
Sunday, June 21, 2009
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