Summary: Today we take another look at the US economy. The indicators paint a clear picture of an economy slowing, vulnerable to recession, in a strange space. A recession could become ugly; don’t expect a return to normality. Overall it’s a boring picture, hence its widespread misrepresentation in the investment media as either wonderful or …
Update about the economy: slowing, vulnerable, in a strange space. Read More »
Summary: Let’s again look at the data about the US economy (we cannot directly see it, of course), both the recent past (dimly seen) and the immediate future (looming ahead in the darkness). Slower growth than usual since WWII, with higher risks and more unknowns. Just as I’ve reported for the past four years. (2nd …
What does the data tell us about the US economy in 2015? Read More »
Summary: New rumors plus a deteriorating political situation for Obama and the Democratic Party raise (again) concerns about a strike by the US against Iran. Elements of the US military and elites have long wanted to attack Iran. Like the invasions of Iraq and Afghanistan, the reasons are nebulous. As with the invasion of Iraq, …
