Enough is enough. I've reached my tipping point on the insanity that's going on in the media. And on Wall Street. And on Madison Avenue, for that matter.
These three groups are dedicated to treating the rest of the world like mushrooms – keeping us in the dark and feeding us manure.
I want to do exactly the opposite. I'm making it my mission to shine a bright light on the messages that are being sold to us. Messages meant to misdirect you and me. To mislead us. Or to cover up what's really going on.
Take last Thursday, for example, when a key bit of global economic data came out. Something that could make or break your investments for the rest of the year…
You see, Germany is the largest economy in Europe – and the fourth largest in the world. It's an industrial powerhouse that for decades has been driven by exports – sending cars, machinery, chemicals, and pharmaceuticals all across the globe.
The country's export focus makes Germany a key bellwether for how consumers across the world are doing. Strong consumer spending tends to mean high demand for imports, which bodes well for Germany. So when Germany's manufacturing industry shrunk for three quarters running this year, it put traders on high alert.
Not that you saw much about this on the news, of course. No, they had more "interesting and political" things to talk about both on TV and online. Like who said what about Ukraine and this and that about the "impeachment," as if it's going to change anything. Well, it's not.
But the fourth largest economy in the world shedding factory jobs at the fastest rate in almost 10 years – that can change everything. It's a key sign that the global economy might not be doing so well.
About the Author
Nationally recognized technical trader. Background in engineering, system designs, and risk reduction. 26 years in the markets.