Authored by Chris Martenson via PeakProsperity.com,
... is leading us to destruction.
When it comes to the story we're being told about America's rosy oil prospects, we're being swindled.
At its core, the swindle is this: The shale industry's oil production forecasts are vastly overstated.
Swindle: Noun - A fraudulent scheme or action.
Bank of Canada Governor Is Right To Be Worried About The Economy
Written by Peter Diekmeyer, Sprott Money News
Bank of Canada governor Stephen Poloz cited numerous worries plaguing the economy during his speech to Toronto’s financial elites yesterday at the prestigious Canadian Club.
However, the title of Poloz’s presentation, “Three things keeping me awake at night” seemed odd, given positive recent Canadian employment, GDP and other data.
Authored by Gabriel Rockhill via Counterpunch.org,
"Economic recovery" in America no longer means what it used to mean. Historically "economic recovery" was largely characterized by job and wage growth, distributed across the income spectrum, and a rebound in GDP growth to north of ~3%-5%. These days, the notion of "economic recovery" has been hijacked by the Fed and bastardized in such a way that they celebrate "asset bubbles" rather than real growth in economic output.
Presented as 'exhibit A', here is the Fed's modern-day definition of "economic recovery" (chart per Bloomberg):