Tag Archives : GDP


Poverty Report Contradicts GDP Claims

Source: http://www.paulcraigroberts.org By Dr. Paul Craig Roberts   Poverty Report Contradicts GDP Claims   It is amazing how the government manages to continue selling Brooklyn Bridges to a gullible public. Americans buy wars they don’t need and economic recoveries that do not exist. The best investment in America is a highly leveraged fund that invests […]

Dr. Paul Craig Roberts

Peter Schiff

Economic Atonement

Source: http://www.europac.net By Peter Schiff   Economic Atonement   This Friday is Yom Kippur, the day when Jews around the world ask forgiveness for their transgressions from the year past. Rabbis remind the penitent to dwell on their sins of omission, in which they did nothing when a more thoughtful and proactive action was needed, […]


A New Fed Playbook for the New Normal

Source: http://www.europac.net By Peter Schiff   A New Fed Playbook for the New Normal   While many economists and market watchers have failed to notice, we have entered a new chapter in the short and checkered history of central banking. This paradigm shift, as yet unaddressed in the textbooks, changes the basic policy tools that […]

Peter Schiff

Peter Schiff

Inflation Trumps Growth

Source: http://www.europac.net By Peter Schiff August 4, 2014 Inflation Trumps Growth   With the first half of 2014 now in the books, many investors are happy with the performance thus far, especially given the economic headwinds that few saw coming. The 26% rally in U.S. stocks in 2013 gave way to a more modest 7% […]


Defining Away Economic Failure

Source: http://www.paulcraigroberts.org By Dr. Paul Craig Roberts   Defining Away Economic Failure Redefinition Is America’s Most Powerful Factor of Production   Last week’s government guesstimate that second quarter 2014 real GDP growth will be 4% seems nonsensical on its face. There is no evidence of increases in real median family incomes or real consumer credit […]

Dr. Paul Craig Roberts

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The Junk Science of Modern Macro-Economics

Source: http://bionicmosquito.blogspot.com By Bionic Mosquito   The Junk Science of Modern Macro-Economics   John Mauldin has published another almost-there Thoughts from the Frontline: GDP: A Brief But Affectionate History. I say “almost-there,” because like many of Mauldin’s pieces, he gets almost-there – almost to the truth about economics and economists – without going all the […]


Why We’re Doomed: Interest and Debt

Source: http://www.lewrockwell.com By Charles Hugh Smith Of Two Minds.com Why We’re Doomed: Interest and Debt   Even if the economy were growing at a faster pace, it wouldn’t come close to offsetting the interest payments on our ever-expanding debt. If you want to know why the Status Quo is unsustainable, just look at interest and […]

TCMDO-Breakdown

Stone Cold Proof That Government Economic Numbers Are Being Highly Manipulated

  Source: http://theeconomiccollapseblog.com By Michael Snyder Stone Cold Proof That Government Economic Numbers Are Being Highly Manipulated   How in the world does the government expect us to trust the economic numbers that they give us anymore?  For a long time, many have suspected that they were being manipulated, and as you will see below […]

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Peter Schiff

Snow Job

  Source: http://www.europac.net By Peter Schiff Friday, June 6, 2014 Snow Job   Economists, investment analysts, and politicians have spent much of 2014 bemoaning the terrible economic effects of the winter of 2014. The cold and snow have been continuously blamed for the lackluster job market, disappointing retail sales, tepid business investment and, most notably, […]