by Daniel Lacalle Liquidity injections and zero interest rate policies disguise risk and may give a false sense of security. This risk could not be more evident today. Not only have we seen large downgrades to consensus growth estimates and central banks’ …
via @OccupyWisdom: Depends on the measuring stick. Real money (#gold) = sideways for 44 years Nominal dollars = all time high MACRO MINDSET
Every month for the last year, the Bureau of Labor Statistics’ wage data releases have continued to demonstrate that workers simply aren’t getting ahead. Despite some nominal growth, real wage growth has been consistently hovering around zero (rising at just a 0.2 percent annual rate from 2016-2017). At the same time, this year’s annual data release from …
by John Rubino Chris Martenson: “Central banks don’t create wealth, they redistribute wealth…they and their friends have gotten fantastically wealthy.” Peter Schiff: “We’re getting to the end of it.” Charles Hugh Smith: “We’re borrowing immense sums from a stagnant future.”