March 17th, 2015
in Op Ed
by Charles Hugh Smith, Of Two Minds
Per capita energy consumption remains at recession levels.
One way to verify rosy official data--GDP growth, low unemployment, etc.--is to compare it with data that is less easily gamed: for example, energy consumption.Those seeking a realistic snapshot of the Chinese economy routinely turn to energy consumption and rail traffic data for this reason: at least until recently, these data sets were more reflective of real economic activity than the glowing official numbers.
by Bill Bonner, Daily Reckoning
"It's the end of the great debt cycle," says hedge fund manager Ray Dalio of Bridgewater Associates, taking the words out of our mouth.
Bond fund manager Bill Gross adds context:
In the past 20 to 30 years, credit has grown to such an extreme globally that debt levels and the ability to service that debt are at risk. [...] Why doesn't the debt supercycle keep expanding? Because there are limits.
March 15th, 2015
in Op Ed
by Rodger Malcolm Mitchell, www.nofica.com
It widely is known that:
Changes in these microbial communities may be responsible for digestive disorders, skin diseases, gum disease and even obesity.
March 14th, 2015
in Op Ed
by Joseph M. Firestone, New Economic Perspectives
Today, I'd like to offer the first of three commentary posts on Bruce Bartlett's recent testimony before the Senate Budget Committee. Bruce Bartlett is a long-time veteran of the fiscal policy wars. He initially became known as a supply-side free market economist working for Ron Paul and then Jack Kemp in the 1970s. Later, he served as a senior policy analyst in the Reagan Administration, and then in the Bush 41 Administration as the deputy assistant secretary for economic policy at the Treasury Department.