“Last week, Janet Yellen told the Senate what everyone wanted to hear: that the Fed would continue to support asset prices. With the ‘Yellen put’ in their pockets, investors bid up the Dow to over 16,000 by the end of the week. What to make of it? Although we have no doubt that Fed policies will prove disastrous, we have nothing but doubts about what form the disaster will take. John Williams of ShadowStats.com recalculates the Consumer Price Index, official unemployment rates and GDP figures based on more honest data and alternative methodologies. What he discovers is that the CPI is higher, unemployment is higher and the GDP is lower than the feds would have us believe.”
http://www.bonnerandpartners.com/paddywhacking/
(Visited 37 times, 1 visits today)
Related posts:
The Pretense of Knowledge Is Alive & Well
The Bank of Japan must crush all resistance, and will do so
Government, Stop Trying to "Help" Uber
Edward Snowden versus Jay Carney
The Cunningness of the CIA’s JFK Assassination Cover-Up
Michael Scheuer: Use the Constitution to prevent war with Syria
Bill Bonner: What does real estate want to do?
How much are social justice warriors costing their colleges?
Will Globalism Invade the US via its Cities? The Daily Beast Thinks So
The Deep State's Bogus 'Iranian Threat'
How, Exactly, Does A Travel Ban Keep Us Safe?
Bombing Syria: Little Gain but Much Cost and Risk
Obama: Fool Me Thrice, Shame on Whom?
Obama On Football
Bill Bonner: In Praise of Mr. Putin