Economic Overviews

This time is far worse than any other modern recession. What we are seeing now is a depression, despite what the NBER would have you believe. If you are still looking for the “Big One” to happen, you are too late. It happened here and it is still happening here and in Europe. They, like us, have tried to paper over most of the effects of the boom-bust business cycle malinvestment, and they have failed and the piper is at their door [as it is here in the U.S.]. The current economic “good news”, this supposed "recovery", is largely based on fiat money steroids and will not last without continuous injections of new fiat money into the economy. [Let me explain.] Words: 2300

The U.S. government is destroying its own currency and is now showing signs of desperation and fear regarding the gold market [going as far as] to label goldbugs as terrorists.

What passes for journalism at CNBC and the rest of the mainstream print and TV media is beyond laughable. Their America is all about feelings. Are we confident? Are we bullish? Are we optimistic about the future? America has turned into a giant confidence game. The governing elite spend their time spinning stories about recovery and manipulating public opinion so people will feel good and spend money. Facts are inconvenient to their storyline. The truth is for suckers. They know what is best for us and will tell us what to do and when to do it. [Let me give you some examples.] Words: 1130

The Baltic Dry Index is generally viewed as a leading indicator of global economic activity as dry bulk primarily consists of commodities such as building materials, coal, metallic ores and grain. My research, however, indicates that global manufacturing demand has very little to do with it but, rather, Chinese manufacturing demand - but not the actual level of manufacturing as measured by the CFLP Manufacturing PMI. [Let me explain.]

I have a personal friend who spends months every year developing business opportunities in China and I find his ground level perspective unlike anything written elsewhere. If you really want to know what is transpiring there go no further than to read this insightful email on the "China condition" particularly as it compares with that of the U.S. and Europe. Words: 1320

George Soros...is more concerned with surviving than staying rich...He doesn't just mean it's time to protect your assets. He means it's time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of "evil." Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether. [Perhaps] we should be, too, [but as] we have often explained, [such comments ar nothing more than] the fear-based promotions of the power elite to frighten the middle classes into giving up power and wealth to globalist institutions. Let us explain.

[As you know earlier] this week the Federal Reserve...promised to keep short-term interest rates low through late 2014 ... up from a previous pledge of 2013. Not only that, the Fed also said it would continue with its "Operation Twist" policy of selling shorter-term Treasuries and buying longer-term ones. The goal [is to] hold down long-term interest rates but what does QE really do - and not do? [Let me explain.] Words: 500

The International Monetary Fund (IMF) painted a stark picture of the global economy this week slashing the outlook for world growth while forecasting a damaging recession in Europe that will leave no country, including Canada and the U.S., unscathed. The report stated that financial conditions have deteriorated, growth prospects have dimmed, and downside risks have escalated and, as such, policymakers must immediately move forward together to save the world economy from falling into a 1930s-style death spiral because the longer corrective action is put off the worse it will actually get. Words: 640

There has been an alarming development for the obscure, yet instructive Baltic Dry Index...[which] tracks the cost of shipping major raw materials (iron ore, coal, grain, cement, copper, sand and gravel, fertilizer and even plastic granules)...It is down 48.4% in the last month...[and] down 54.4% in the last three months. [Let me explain why and how to invest accordingly.] Words: 200

One typically doesn’t look to government bureaucracies to receive hard-nosed, objective discussions on the economy so you can magine my surprise when the latest Financial System Review, published semi-annually by the Bank of Canada, landed in my inbox and I discovered that it contained a very sobering look at Canada’s economy and the many systemic risks the country is facing! It’s not surprising that this report was not picked up by the main stream news, because if they did the popular opinion of Canada’s invincible, recession-proof economy might begin to crumble. [Let me explain.] Words: 2400