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GDP Screams U.S. Recession Has Begun, but ‘Real GDP’ Is Far More Terrifying

U.S. first-quarter GDP plunged profoundly negative, but real GDP would have crashed even harder if not for bogus BEA data revisions. According to the Bureau of Economic Analysis (BEA), the U.S. economy contracted 4.8% annually in the March quarter. Stocks soared on the news for two apparent reasons. First, many media outlets immediately reported the number as +4.8% […]

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A Week in the Life of a Topsy-Turvy Wildly Whirling World

Let’s review this past devilishly whacky week to see if we can divine the way the world is turning and why the markets are churning. It was 2019’s worst week in stocks and, well, just about everything economic all across this crazily spinning planet. Volatility lifted its head back out of the water like Loch […]

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