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A Storm of Indicators Show the US Consumer Is Tapped Out

Zero Hedge lays out the widespread dishonesty (or lame stupidity) in mainstream financial media when glibly reporting things like sales increases as if they are actually positive during times when inflation is the sole reason for the rise in sales (because sales are measured in dollars and prices are soaring). While I’ll note that ZH […]

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REAL GDP SAYS: “Get Real! Trust not the Fed, economists or the president. The REAL economy is collapsing all around you!”

As reported in my new Daily Doom news section, which I try to update twice daily, real GDP fell even further for a second quarter in a row. While we all know what that means, you can count on the Federal Reserve, the federal government and even economists regularly quoted in the mainstream financial media […]

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