Retirement Lifestyle Advocates
With every day that passes, we are moving closer to a debt crisis that is simply inevitable.
It’s an often-overlooked point: currency devaluation makes reported economic data appear better than it really is.
It’s no secret that I have been forecasting stagflation – defined as a contracting economy (recession) and rising consumer prices.
I have long held that the economic boom we’ve experienced since the time of the Great Financial Crisis of 15 years ago has been largely the result of the artificial, easy money policies that the Federal Reserve and other central banks around the world have been pursuing.
A large decline in stocks would not be surprising here, given the negative seasonal bias of fall and given the signs that the US economy is continuing to weaken.
The time frame through which we have all lived over the past 15 years has been largely artificial, and the prosperity we experienced wasn’t prosperity at all – rather, it was a prosperity illusion.
There are signs that the economy is beginning to slouch toward recession.
The consequences of deficit spending will eventually emerge, long after the short-term shot in the arm of unsustainable deficit spending.
There are many signs that US global dominance is coming to an end.
UAW members voted to strike if they determine it makes sense.