Category: Economy

Weekend Reading: The Beginning Of The Ending

A few week’s ago I discussed the post-election surge in the market based on rather optimistic outlooks as opposed to the technical underpinnings that currently exists. As I specially stated in the weekend newsletter entitle “Dow 20,000” the market was beginning to take on an eerily similar feeling: “If this market rally seems eerily familiar, it’s because…

John Williams on The Federal Government’s Fake Economic News

Statistics issued by the government about the economy—from CPI to GDP—are fake, and Mises.TV guest John Williams of Shadowstats.com explains how and why. The article John Williams on The Federal Government’s Fake Economic News was originally published at Foreign Policy Journal. Source: Foreign Policy Journal John Williams on The Federal Government’s Fake Economic News

NYC Homelessness Record High Despite Falling Unemployment Rate

Salil Mehta at Statistical Ideas investigates the homeless rate in New York City. Mehta notes the streets are flourishing with a severe homelessness problem that’s escalating briskly despite a falling unemployment rate. Please consider a The Empire City of Homelessness. Annual Growth Rate of Homeless Record High Homeless Note the huge surge in homelessness after…

“Depressed” Millennials Are Convinced The Trump Economy Is Going To Implode

When asked about the economic outlook for America, millennials were the only generation to predict 2017 would be worse than 2016. As Bloomberg reports, the feeling of impending doom wasn't exclusively reserved for 2017: about a third of millennials surveyed said they don't think they'll have enough money to comfortably retire at all. While the…

Worst. Recovery. Ever.

As the champagne glasses clink in Washington over a record-breaking streak of job growth on record (as the percent of the population employed slumped), and the fastest wage growth since the start of the recovery (for managers), we just wanted to remind a few blinkered media types that Obama's "recovery" has officially been the worst…

Why The Mexican Currency Intervention Failed: Goldman Explains

Following the MXN rough start of the year, which saw the Mexican currency tumble to its lowest level ever, the central bank stepped into the FX market this morning by selling about $1 billion USD spot, hoping to break the destabilizing MXN relentless depreciation trend. According to the central bank market operations manager, the authorities…