Truth be told all data should be viewed with skepticism. The nature of rational inquiry begins with the skeptical and doubting mindset.
Unfortunately, too often the media feeds up a distinctly incurious and trusting presentation of just the superficial data. Even the "analysts" are rarely if ever making any meaningful effort to delve below the surface.
That is without a doubt a far bigger problem than the negative economic data itself. Without inquiry and investigation there can be no understanding at any level.
It's so funny to see David Stockman these days, as if sensible management or policies, marginal-rate cuts, adults, are going to save us. The only respectable position these days is Austrian School combined with a heavy dose of Oswald Spengler, long-term storable food, guns and ammo, and analog books for the quiet times. The only way out of this is through!
At some point there will have to be a rather large and painful correction across all financial markets.
Intriguingly, the correction, when it comes, is likely to be global in nature. Just on contagion effects alone there is very little chance of things remaining localized to either the US or any other economy.
Does this mean the "Great Reset" cometh? Perhaps, although it is I think more accurate to view the approaching inflection point as a singularity, with no way to project what lies on the other side. The Klaus Schwab types are the ones most likely to be surprised (and then terrified) by what will actually transpire.
Market crash first, panic. The real pain, the reset and real struggle, comes later when 5B+ vaxxies shuffle off to Buffalo. Then another B or two who depended on the first group.
Treasuries implode, along with the zero-coupon bonds in our pockets.
I think any info from the government must be viewed with skepticism any more. Linking once again @https://nothingnewunderthesun2016.com/
Truth be told all data should be viewed with skepticism. The nature of rational inquiry begins with the skeptical and doubting mindset.
Unfortunately, too often the media feeds up a distinctly incurious and trusting presentation of just the superficial data. Even the "analysts" are rarely if ever making any meaningful effort to delve below the surface.
That is without a doubt a far bigger problem than the negative economic data itself. Without inquiry and investigation there can be no understanding at any level.
It's so funny to see David Stockman these days, as if sensible management or policies, marginal-rate cuts, adults, are going to save us. The only respectable position these days is Austrian School combined with a heavy dose of Oswald Spengler, long-term storable food, guns and ammo, and analog books for the quiet times. The only way out of this is through!
At some point there will have to be a rather large and painful correction across all financial markets.
Intriguingly, the correction, when it comes, is likely to be global in nature. Just on contagion effects alone there is very little chance of things remaining localized to either the US or any other economy.
Does this mean the "Great Reset" cometh? Perhaps, although it is I think more accurate to view the approaching inflection point as a singularity, with no way to project what lies on the other side. The Klaus Schwab types are the ones most likely to be surprised (and then terrified) by what will actually transpire.
Market crash first, panic. The real pain, the reset and real struggle, comes later when 5B+ vaxxies shuffle off to Buffalo. Then another B or two who depended on the first group.
Treasuries implode, along with the zero-coupon bonds in our pockets.