Debt Surge Producing Fake Recovery
What do the following headlines have in common? US wages grow at fastest pace since 2009 Euro area economy ended year with strongest growth since
What do the following headlines have in common? US wages grow at fastest pace since 2009 Euro area economy ended year with strongest growth since
A few years ago, economist Nouriel Roubini was explaining to a reporter why Chinese economic data couldn’t be trusted. He noted that it takes the
The past few days have seen another batch of blah economic reports in the US: Weak U.S. retail sales hint at slower economic growth (Reuters)
Another day, another “unexpectedly” bad economic report. Lately it seems like a lot of what US government statisticians say comes as an unpleasant surprise for
As expected, the US revised the most recent quarter’s GDP from barely positive to sharply negative today. But once again the true extent of the
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