Saturday The disconnect between the real market, including amongst other things, the design, manufacture, marketing and exchange of goods and services, and the stock exchange, has never been greater. Were the ramifications not so disastrous, the divergent trajectories of the two would be amusing. The stock market continues to soar, because the Fed creates billions … [Read more...]
Australia’s economy is likely to have slowed, the question is by how much?
Wednesday https://www.abc.net.au/news/2018-12-02/australian-economy-likely-to-have-slowed/10570146 The above article is from the ABC and, as usual, they best represent the out-of-touch with reality nonchalance of our ruling elite. Gross Domestic Product (GDP) is used as the measure of economic health. Essentially, GDP is composed of every penny spent; no matter how it … [Read more...]