“Consensus is beginning to emerge among economists and market analysts that the recovery in the Australian share market will be sustained, and some brokers are encouraging their clients to start buying now,” reports an article in today’s Age. As the Mogambo says, “HAHAHAHAHAHAHAHA!”
July 22nd, 2009 | Dan Denning | 25 comments | ContinuedAll Posts Tagged With: "GDP growth"
Suspicion the Service Sector Consumer Spending Series is Overstated
If we compare consumer spending on services with hours worked in the service sector employment report, we find a huge surge in implied service sector productivity.
May 14th, 2009 | Rob Parenteau | 0 comments | Continued
Hangover Nation
Have you noticed? Bernie Madoff bears a striking resemblance to George Washington. And so goes the nation…from the man who couldn’t tell a lie, to the man who couldn’t tell the truth…
January 28th, 2009 | Bill Bonner | 11 comments | Continued
U.S. Economy is Still Growing but GDP Growth Rates Are Mostly Fraud
Yesterday’s news told us that the U.S. economy is still growing. But GDP growth rates are mostly a fraud. They measure economic activity – but do so clumsily…
August 4th, 2008 | Bill Bonner | 0 comments | Continued
Chinese Consumer Will be an Extremely Influential Factor in the Years Ahead
China’s real GDP grew by a fantastic 11.2% in 2007. There is no doubt that China’s economy is booming and in 2007, its trade-surplus doubled when compared to a year earlier. Moreover, retail sales in China have been growing at 14% per annum for many years…
March 12th, 2008 | Bill Bonner | 3 comments | Continued