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Read More: Steve Keen on Economic Forecasts, Ponzi Schemes, GDP, China; One Way Streets and Poison
Originally posted here: GDP by Other Measures; Will the "Real" GDP Please Stand Up?
Disputes over GDP go on and on and on. MarketWatch reports By another measure, the U.S.
Read More: Kansas City Region Activity Remains in Deep Contraction
Link: Second Quarter GDP Revised Up, as Expected, Led by Autos, Housing
Links Total War in Yemen Totally Ignored by Western Media August 27, 2015 ( Tony Cartalucci – NEO ) – With almost a whimper, the Western media reported that the US-backed regimes of Saudi Arabia, the United Arab Emirates (UAE), and their auxiliary fighters drawn from Al Qaeda have begun carrying out what is the ground invasion of Yemen. Along with an ongoing naval blockade and months of bombing raids, the ground invasion adds a lethal new dimension to the conflict – for both sides. Landing at the port city of Aden on Yemen’s southern tip, it is reported that an "armor brigade" consisting of between 1,000 – 3,000 troops primarily from the UAE are now moving north, their ultimate destination Sana’a, the capital of Yemen.
Hall of Mirrors: Jim Grant on the "Paper Moon", No Price Discovery Economy; Psychology of Bubbles Reason TV had an excellent interview with Jim Grant, editor of Grant’s Interest Rate Observer on the recent stock market turmoil. Grant says The Fed Turned the Stock Market Into a ‘Hall of Mirrors’ .“Confoundingly to me, people have come to be quite accepting of the value attached by fiat to these pieces of paper we call currency,†says Jim Grant, who’s the editor of Grant’s Interest Rate Observer and the author of The Forgotten Depression: The Crash That Cured Itself.“Are prices meant to be imposed from on high, or discovered by individuals acting spontaneously in markets?
Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid. The students are naive but great and the administrators vary day-to-day between homicidal and delusional.
Visit site: Coal collapse and the first burst carbon bubble