Reality Check: The US Economy - The Global Economy
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Personal message from Douglas Castle:
The US economy has not truly "turned the corner," nor has the global economy. What we are experiencing is a confluence of excuses, explanations, cover-ups, creative accounting, deferral mechanisms and CYA* reciprocity. What we might be experiencing is more akin to an unraveling, fundamental systemic breakdown, with a good deal of Global Warming coming from the mouths of the propagandists (the usual) and the lotus-eating, street-avoiding, denial-promoting "pundits" (the delusional). As long as consumers and the Entrepreneurial Sector are strangled, there will be constrained productivity and paralytic unemployment. We do not need duct tape - we need a true paradigm shift instead of propping up an inevitably terminal status quo. -- Douglas Castle [refer to GICBC and The National Networker Companies].
faber and mish: we're doomed and washington can't do anything about it: Tech Ticker, Yahoo! Finance
http://finance.yahoo.com/tech-ticker/faber-and-mish:-we%27re-doomed-and-washington-can%27t-do-anything-about-it-yftt_441381.html
Personal message from Douglas Castle:
The US economy has not truly "turned the corner," nor has the global economy. What we are experiencing is a confluence of excuses, explanations, cover-ups, creative accounting, deferral mechanisms and CYA* reciprocity. What we might be experiencing is more akin to an unraveling, fundamental systemic breakdown, with a good deal of Global Warming coming from the mouths of the propagandists (the usual) and the lotus-eating, street-avoiding, denial-promoting "pundits" (the delusional). As long as consumers and the Entrepreneurial Sector are strangled, there will be constrained productivity and paralytic unemployment. We do not need duct tape - we need a true paradigm shift instead of propping up an inevitably terminal status quo. -- Douglas Castle [refer to GICBC and The National Networker Companies].
faber and mish: we're doomed and washington can't do anything about it: Tech Ticker, Yahoo! Finance
http://finance.yahoo.com/tech-ticker/faber-and-mish:-we%27re-doomed-and-washington-can%27t-do-anything-about-it-yftt_441381.html
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