Today I'm going to show you three charts Obama hoped you'd never see.
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...
Don't Fall for This New Old Trick
Kmart has joined a long and "distinguished" list of retail chains who offer a rent-to-own program.
It's a sign of the times... Only, rather than being a sign of economic recovery, it's a sign of retail desperation.
Ostensibly, these programs are intended to benefit cash-strapped consumers who couldn't otherwise afford to buy big-ticket items. In reality, the program turns consumer goods like a $300 television into a $415 purchase, according to Bloomberg.
Talk about "the vig" ...The imputed interest rate is more than 100%, annually.
It's absolutely appalling, and it ranks right up there with the exploitive subprime lending practices that lead to the financial crisis.And we're not falling for it...
This $1.7 Trillion Industry Will Turbocharge the U.S. Economy
Barron's recently predicted that over the next 20 years, "the U.S. economy is likely to grow less than 2% a year, down from 3% or better since World War II."
Citing the work of prominent Northwestern economist Robert J. Gordon, Barron's predicts a long era of slow growth, market turbulence, and - of particular concern - the ongoing displacement of middle class jobs due to technological innovation.Here's how to capture your share...
Currency Trading Today: Follow the FOMC to Profits
While last week certainly had its share of risk events that helped move currencies, the major theme in currency trading was continued weakening/consolidation for the U.S. dollar.
This week, the weakening will be a key focus for us. We have some very weighty top-tier data events occurring in the next few days.This window of opportunity won't stay open for long, however...
Will United States Debt Holders Bail on Treasuries?
Since the mid-1990s, China and a host of other foreign governments have quietly acquired one-third of all United States public debt. Foreign holders of United States debt held more than $5.6 trillion in Treasury securities as of August 2013.
But continued debt-ceiling drama in the United States is starting to change that.
Four Things the Debt Ceiling Deal Doesn't Fix
While everyone in Washington right now is patting themselves on the back in the wake of Wednesday's debt ceiling deal, the reality is that it does little to address the nation's deepest budget issues.
True, the Band-Aid agreement will fund the U.S. government through Jan. 15 and lift the debt limit through Feb. 7.Here are the four biggest issues that Congress ducked out on...
Debt Ceiling Deal Doesn't Fix This Larger Global Issue with United States
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.To continue reading, please click here...
What a Debt Ceiling Stalemate Will Do to the Market
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%.To continue reading, please click here...
This Trend in the U.S. Economy Is Putting Your Job at Risk – But Can Make You Rich
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.
The Most Disturbing Fact About the U.S. Economy Today
There's a question no one wants to ask, but it's time we do: What happens to the U.S. economy if American consumers get so financially strapped that they stop spending money? You see, it's a well-known fact that 70% of the U.S economy depends on consumer spending. If consumer spending slips, it will weaken the [...] Now imagine what that will do to the U.S. economy...