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A self-described optimist, Ortel nevertheless says the "worst of all worlds" is coming, characterized by falling asset prices and higher taxes, accompanied by a rising cost of core goods and services. Echoing the "stagflation" of the 1970s, he has coined the term "skew-flation" to describe what's ahead.
As to growing consensus the global economy is on the mend, Ortel believes both government "macro" data and corporate "micro" data are painting a much rosier picture vs. actual reality. The real macro story, he says, is there's too much productive capacity around the world and not enough demand. At the same time, private sector incomes are down while debt levels are up.
"We are still in the middle of systemic shock" and emergency government programs have temporarily kept the global economy on "life support," he says. "We think governments have little additional room left to continue to postpone the restructuring that's necessary around the world."
Link
A report suggests that the Chinese government is pushing the general public into buying gold and silver bullion, which could have a dramatic effect on the markets.
GOLD- SILVER ARTICLE HERE
The government is postponing the economic collapse until...
ReplyDeletewhat?
A huge swine flu pandemic? YES.
Some "reason" they can impose martial law and herd millions of sheeple into all those FEMA camps they started building 10-15 YEARS ago.
bah bah!
My TV tells me everything is ok, the economy is back, unemployment is up and the wars are going well. I am volunteering to take the vaccines now, all 3 of them, to be sure I do not get sick.
ReplyDeleteI don't know what you guys are talking about? FEMA camps are for illegals and the flue shots are for the upcoming pandemic.
Don't you guys watch TV?
I do hope that some of you read their own comments before posting them..Fema...Martial law bla bla bla and what else. I think we should put people like you in museums as beeing rare (once though extict) remanent of Nostradamus...
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