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I’ve been warning folks about the wrong thing. The next thing on the docket is revolution, apparently. That is according to the prophecy of Dumitru Duduman. I don’t know whether it’s true, but it is said that he accurately predicted … Continue reading
China Prepares Big Bang Financial Reforms by Asia Confidential on 09/26/2013 There’s growing speculation that China will soon undertake substantial reforms to its financial system to address increasing risks from escalating debt. … Credit now accounts for more than a … Continue reading
Gallup Says Seasonally-Adjusted Unemployment Climbs to 8.6%; Who to Believe (Gallup or the BLS)? Posted: 05 Sep 2013 Mike “Mish” Shedlock http://globaleconomicanalysis.blogspot.com … BLS vs. Gallup Gallup has the seasonally-adjusted unemployment rate at 8.6% The BLS has the seasonally-adjusted unemployment … Continue reading
If the Economy is Recovering… Why Is Nominal GDP in a Recession? August 5, 2013 Graham Summers The financial world is abuzz with the unexpected jump higher in our manufacturing and non-ISM(s). The world seems to think these two jumps … Continue reading
The financials have been a notably large percentage (16.8% according to Phoenix Capital) of the current economic “recovery”. It makes sense. They are what the reflation has been intended to support, despite what may be said. This reflation of Wall St is … Continue reading
About that “Beat the Street” GDP Number 7/31/13 GDP beat second quarter estimates of 1 percent easily. However, the BEA revised first quarter growth down from 1.7% to 1.1%. Is this a good thing, a bad thing, or nonsense? The … Continue reading
On Institutional Unloading vs. Retail Buying 7/26/13 Institutions have never dumped more stock onto retail investors as they have in the past 4 weeks.