u.s. economy 2013

Three Charts Obama Hopes You'll Never See

Today I'm going to show you three charts Obama hoped you'd never see.

Brace yourself.

You're about to get a very different view of the "recovery" picture that the administration keeps painting for us.

This one, for starters, is accurate.

It also explains why incoming Fed Chair Janet Yellen can't cut stimulus, which is one of the reasons you have an opportunity to make some money here... especially if you follow my "mid-December plan." More on that in a minute.

Let's start with the charts...

The White House positively hates this first one...

Debt Ceiling Deal Doesn't Fix This Larger Global Issue with United States

Uncle Sam debt

Senate leaders finally hammered out a debt ceiling deal today (Wednesday) that avoided a looming potential debt default. It also reopened the government that has been shut down for more than two weeks.

Investors cheered the news and sent stocks up 205 points, or 1.36%, today.

While a deal solves short-term problems, it's not doing much to help the long-term nightmare.

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What a Debt Ceiling Stalemate Will Do to the Market

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Yesterday (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co."to make projections about what a stalemate on the debt ceiling will do to the market.

We are a little more than 24 hours away from the day that Treasury Secretary Jack Lew has said we'll exhaust the "extraordinary measures" and go over our debt limit. But even with the impending deadline, over the last five days the market has shakily climbed, with the Dow up 2.35%, Nasdaq up 1.16%, and the S&P 500 up slightly to 1.9%.

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This Trend in the U.S. Economy Is Putting Your Job at Risk – But Can Make You Rich

Wealth Q

The biggest, and most ignored, trend in the U.S. economy is the ongoing divide between the wealthiest members of society and the average American worker.

Real wages are falling, while unemployment is stagnant. Politicians blame greed, but that's because class warfare is a valuable tool to gain power.

I argue instead that disruptive technologies have accelerated this divide.

Just recently, I noted that the U.S. wage-productivity gap has been driven heavily by the use of automation and technology in the U.S. economy, which is displacing workers at a faster pace than new jobs and job categories have been created.

Put a different way, robots are taking our jobs.

Read More…

Recession 2013: The Signs Don't Look Good

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The government keeps telling us that the economy has turned a corner, that growth is picking up, that people are going back to work, that consumers are more optimistic. But we've got cold, hard numbers that tell an entirely different story...

Read more...

One Sure Winner as We Fight Deflation

The Library of Economics and Liberty defines the Law of Unintended Consequences as such: Actions of people-and especially of government-always have effects that are unanticipated or unintended.
Our current economic state is a perfect example. Central banks have flooded the economies, and yet the world still inches toward deflation. But for savvy investors looking at the right stats, this is an opportunity to buy one sector in particular.
Here's a great bargain and why it's a great buy now...

The Most Dangerous Man in the World

When it comes to spending or saving, it's always a contentious debate.
But the risks are rarely as high as they are now for the US and most major industrial nations. Such fundamental economic decisions will move a country forward (or backward) for decades, not months, and can't be undone quickly.
Some think Paul Krugman won the debate this time around, but I disagree...

What America's $2 Trillion Underground Economy Says About Jobs

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Doing what they can to survive in a dour job market, millions of Americans exist in an underground economy that has ballooned to $2 trillion annually.

By "underground economy," we're talking about all the business activity that is not reported to the government, which includes a growing number of people getting paid for their labor in cash.

That means the shadowy figures of the underground economy - the drug dealers and Mafia godfathers, for example - now have a lot more company.

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Can Wall Street Continue to Rally Without the U.S. Economy?

We haven't stepped into the Twilight Zone, but it certainly seems that way when stocks are hitting historic highs yet the economy is still so weak that the Federal Reserve is still printing money like a Third World nation.
Can we keep this up? Is this titanic battle going to last like the decades-long Japanese recovery?
Will stocks punch themselves out? Can slowing earnings keep stocks soaring?
Here's my take on what I call "The Great Discrepancy."

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