...a proliferation of parasitic elites, a weakening of state finances and a decline in the purchasing power of wages/labor... All three are playing out globally in the present.
The AIA data indicates that business conditions are the softest at firms in the Northeast. Billings continued to decline at firms in the rest of the country as well...
How wrong we all were about Italy. Europe’s least competitive economy with the highest debt load (155% of GDP) commands premium pricing... and all be because the ECB has enabled it...
Last week, California Pizza Kitchen canceled its auction after no worthy bidders came forward to buy the casual-dining chain. The result: The company will likely end up in the hands of its lenders.
The evidence of rising debt, poor productivity and higher unemployment than its peers of the eurozone should be enough of a warning sign, and the example of Japan should serve as a red flag as well...
The odds of Trump being that president may rise if he refuses to concede to Democrat demands for a giga stimulus, and merely holds firm until after the election.
Whether monetary planners are aware of it or not, additional money in circulation only adds to the GDP number while destroying the personal wealth upon which an economy thrives...
