More evidence of an economic recovery? NOT! This chart shows just the opposite:
The chart is from Mish and is evidence of a non-recovering economy.
Declining energy usage is not a sign of a recovering economy, rather it is the sign of a dying economy. Declining energy usage is a sign of an economy shrinking. Modern economies grow by using more, not less energy. Energy usage has dropped back to 1996 levels.
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Going From Bad To Worse(r) 3 comments Why Things Will Get Worse — Much Worse 23 comments How Does It End? 17 comments Market Punditry As Astrology 2 comments Some Reflections On The Present Political Condition 0 comments
Financial Market Russian Roulette
The Dow-Jones dropped over 200 points yesterday. As explained by MarketWatch: Benchmark indexes initially cleared their losses after the Fed’s policy statement, then fell hard as Bernanke said the Federal Open Market Committee currently anticipates moderating the monthly pace of purchases later this year, so long as incoming data support the Fed’s forecast. Also from [...]
Government Lying
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Kyle Bass’ View Of The Economic Situation
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You Can’t Get Lost In A Crowd Anymore
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"Monty Pelerin" is a pseudonym derived from The Mont Pelerin Society. Friedrich Hayek, Nobel laureate in Economics founded the group in 1947.This site has no connection with the Mont Pelerin Society other than a coincidence in philosophy.
Brian Wilson
bigmike
david yard
RICHARD RALPH ROEHL
Must be all those windmills, solar panels, and algea farms ramping up……another 4 years of Obama and we’ll not need petroleum or gasoline.
“wish we could all live in the mountains at high altitude. That’s where I see myself in five years. How about you?”
Phil Conner
Gee, what happened in 2006?
Oh YEAH !!! Nazi Pelosi and the regressives took over Congress. See the trend since that point?