Archive - Mar 14, 2015 - Story
What Goldman's Clients Are Most Concerned About
Submitted by Tyler Durden on 03/14/2015 12:08 -0500The answer, straight from the horse's mouth.
From Bubble-Blower To Energy Expert, Alan Greenspan Warns "Oil Hasn't Bottomed Yet"
Submitted by Tyler Durden on 03/14/2015 11:33 -0500Having recently explained why the stock market is extremely overvalued (in his own words by Fed-driven multiple expansion alone), Alan Greenspan - seemingly brimming over with the need to remedy his years of lies/mistruths with some uncomfortable truthiness - is now taking on the US Dollar ("it is not from a strong US economy but a weak rest of the world") and oil prices (America has a massive surplus of oil and there may soon be nowhere to store all of it, "we'll be lucky if we can get $40 for it.")
"The Only Mystery Is Why Everyone Persists In Talking About A Recovery"
Submitted by Tyler Durden on 03/14/2015 11:00 -0500- Auto Sales
- Balance Sheet Recession
- Bureau of Labor Statistics
- Central Banks
- China
- Citigroup
- Consumer Confidence
- Equity Markets
- Fail
- Federal Reserve
- Great Depression
- Gross Domestic Product
- Ireland
- Italy
- Japan
- Michigan
- Monetary Policy
- Nomura
- None
- Personal Income
- Real estate
- Reality
- Recession
- recovery
- Renaissance
- Richard Koo
- Steve Liesman
- Unemployment
- University Of Michigan
There is no mystery anywhere to be found in the fact that US retail sales don’t follow the jobs trend. Not if you look at what kind of jobs they are, let alone at all the other made up and manipulated numbers that are being thrown around about the US economy. The only mystery is why everyone persists in talking about a recovery. That recovery will never come, simply because all 90% of Americans do is pay for the other 10% to get richer. There are many other factors, but that all by itself makes a recovery a mathematical mirage.
