By the SRSrocco Report,
The global economic and financial system is in much worse shape than I originally thought. New data and information suggest that the collapse will occur much quicker and with more dire results. This will cause global silver production to literally fall off a cliff within the next decade.
Submitted by Shaun Bradley via TheAntiMedia.org,
The failures of government intervention in the economy have made headlines yet again. Recent stress tests by the Federal Housing Finance Agency found something sinister brewing under the surface at notorious mortgage giants Fannie Mae and Freddie Mac. The results show that these puppet companies could need up to a $126 billion bailout if the economy continues to deteriorate.
Via Bionic Mosquito blog,
I have worked with and for people like Donald Trump.
You see, such people have minds that move very fast through mountains of information and are satisfied if they capture about the most relevant 20% of the key points that convey 80% of the story. They then have no problem telling you how much they know about the subject, while messing up on the 80% of the points that tell only 20% of the story.
Over the past year, many pundits built theoretical models, using BLS "data" according to which the gradual rise in US wages and salaries was indicative of a slowly, if surely growing economy. And then, two days ago, all these models imploded in a supernova blast thanks to four years of government data revisions, which obliterated the "rising wage recovery" narrative with one spreadsheet.
Submitted by Carmen Elena Dorobat via The Mises Institute,
The role of the economist - to point out the unsuitability of central planning as a means to attain the level of welfare all countries seek - Mises characterized as a “thankless task, [as] most people are intolerant of any criticism of their social and economic tenets… [and] do not understand that the objections raised refer only to unsuitable methods and do not dispute the ultimate ends of their efforts” (Mises 1944, i).