This from Alexandra Scaggs of the Wall Street Journal arguing that the Fed will not play politics: While some economists argue the Federal Reserve won’t introduce more quantitative easing around the time of U.S. elections, Bank of America-Merrill Lynch analysts say the central bank won’t pay… Read More »Big Government Is The Enemy of Privacy, Truth and Freedom
The true level of unemployment is being understated, just as other government statistics are being manipulated to present a more favorable picture for the political class.
Matters appear to be getting so disgraceful that even financial wards of the State feel compelled to criticize the practice. Here is Doug Ross’ article on Bank of America’s interpretation of the real unemployment picture:
Merrill Lynch Chart Kerplodes the Administration’s ‘Official’ Unemployment Number
The central bankers-slash-crony capitalists who run the financial system can’t be happy with Bank of America’s disclosure ofthe following:One can write lengthy essays, op-eds, and client letters explaining both why the labor force participation rate is plunging due to innocuous reasons such as everyone over 40 retiring yesterday full of jouissance and excitement to begin the sunset phase of their lives using copious life savings earning 0.0001% in interest, or, inversely, why this is one great big propaganda ploy by the BLS to make Obama look good a fewRead More »Unemployment, Real vs. “Official”
Our government and their esteemed economists tell us that we are coming out of the recession. Using their statistics, they claim we are on our way to economic recovery. According to them, there is no possibility of a double-dip or… Read More »It is Impossible for this to be a Depression
Below is a link to a wonderful collection of forecasts for the New Year from The Big Picture. It includes forecasts/commentary from Wall Street Banks, Hedge Funds, Investment Advisors, as well as investment ideas and potential problems. International is also… Read More »Wonderful Collection of Forecasts