June 29th, 2014
in Op Ed
by Lee Adler, Wall Street Examiner
Fed apologist, bankster banger pom pom girls and boys are fond of touting the shibboleth that there's no inflation when they beat up on well meaning but lightly armed pundits who say that there is, but can't articulate very well, exactly why.
I just want to show you exactly why these shameless propaganda purveyors who parade across your TV screen daily are able to make the argument that there's no inflation. It is mostly because the BLS does not include housing inflation when computing the CPI. It simply waves a magic wand and pretends housing inflation doesn't exist. The shills for the Fed line take that banner and run with it.
by EconMatters, EconMatters.com
Government Data Is Useless
The final GDP calculation came out on Wednesday, and we have several takeaways from this latest revision. First of all government reporting data is all over the place, and not in a good way. I have no confidence that any of these numbers are actually right, and second with an ever changing economy, most of these data gathering tools are obsolete at best. The GDP number has now become a complete farce, the components used to calculate growth are so useless that we literally could have a plus 7% GDP quarter, and it mean absolutely nothing regarding the real health of the US economy!
June 28th, 2014
in Op Ed
by William K. Black, New Economic Perspectives
This is the fifth and final installment of my series of articles (links end of article) on Gary Becker, the recipient of the Swedish Central Bank’s Prize in Economics in 1992. The prior articles dealt with Becker’s work that the central bankers cited in their award decision. This article examines whether Becker, in the context of the worst financial crisis in 70 years, re-examined his views that led to his failed work on the family, women, discrimination, and crime or his colleagues’ anti-regulatory views at The University of Chicago that proved so criminogenic.
Written by Wim Grommen
The Dow Jones Industrial Average (DJIA) Index is the only stock market index that covers both the second and the third industrial revolution. Calculating share indexes such as the Dow Jones Industrial Average and showing this index in a historical graph is a useful way to show which phase the industrial revolution is in. Changes in the DJIA shares basket, changes in the formula and stock splits during the take-off phase and acceleration phase of industrial revolutions are perfect transition-indicators. The similarities of these indicators during the last two revolutions are fascinating, but also a reason for concern. In fact the graph of the DJIA is a classic example of fictional truth, a fata morgana.
June 27th, 2014
in Op Ed
by LEAP/Europe 2020, Leap2020.eu
Last month our team anticipated that the Ukrainian crisis would provide the conditions for a jolt . Due to lack of space and because this jolt is much more evident in the rest of the world, we tried to identify the reasons for this jolt to only from a European perspective. But this month we are going to take a closer look at the consequences of the phenomenal acceleration of all the “world afterwards ” structural trends which have long been at work.