Economists, analysts and assorted talking heads are falling all over themselves to scry the tealeaves from the latest “important economic indicator” from the US economy: the “final” estimate of 2014 Q4 GDP. At 2.2%, the estimate remains unchanged from its previous revision, but don't worry; the number will almost certainly be revised again a few more times in the coming years when no one is looking, like all “final” GDP estimates are.
Given that even this grossly inaccurate and inherently faulty 2.2% figure is only half of GDP growth in Q2 and Q3, you would think it would be hard to spin this as a sign of increasing economic strength. But then, you might not be familiar with the Bloomberg boosters, who managed to come up with the laughable headline: “Here's More Proof the U.S. Economy Is Beating the Rest of the World.” Really, Bloomberg?
Zero Hedge had a much more realistic assessment, noting that the economy is in fact slowing down once again and things are not nearly so rosy as most Americans have been led to believe. But what else is new? Here we are 8 years after the housing meltdown and 7 years after Lehman Bros. and ...
China is a rising power. The US is in decline. Washington-led organizations like the IMF are no longer reflective of the true economic balance of power in the world, and thus the US is concerned about the rise of counter-institutions like the BRICS, the AIIB...
Sadly, the Clinton's political record offers no divergence from the bloodthirsty quest for power that such a body count would suggest. Needless to say, both Bill and Hillary are admitted globalists, committed to "Poppie" Bush's vision of the New World Order.
...for those who might have been celebrating the prospect of the oil price plunge taking down a few of the big boys, don't put on your party hats yet. Shell, BP and Total are still going to take a hit from lower prices, but they're likely to beat earnings expectations because of their trading desks.
In effect, the keys to the future of the internet have just been handed over to the FCC, not just today, not just this group, but anyone who ever steps into that position. Ever.
If and when CIPS is launched, the results could be world historical in nature... It's hard to underestimate just how important CIPS will be to making the yuan a major player on the global stage.
Such is the way of the world: the military-industrial complex is more than happy to supply the money if you're willing to supply a good story to whip up public outrage against an enemy. This is why it's never too difficult to make money for a conscience-less psychopath.
In the course of just 10 days, the things that we’ve seen transpire would have taken one’s breath away in virtually any other time in history. But in 2015? Nah, not so much.
Somehow, though, despite the armageddon brought about by this year's 3% budget cut the IRS has still found the time to issue a handy-dandy 21 page guide all about how to correctly work out how many pounds of flesh Obamacare is going to cost you.
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The creator of the International Forecaster, Bob Chapman.