Are Amazon's disappearing profits and slowing growth a sign of things to come for the broader economy?
Don’t believe the published numbers. They bragged tha over a million jobs were created then the Philly Fed re- calculated and it was 10,500. CPI is now being changed to look at cost over twelve months instead of 24 months. That will lower inflation. Another fraud that will not end well. CNBC is the last source I would trust.
I am elated to hear about the trip to SA. News from the Ranch is heartening. I am not a Market investor. Keep up the good work you do. I wish I could write like you. Regardless of what you write about, itis good Prose. I always look forward to reading it. Even though I do not always agree with it. Just saying! Florida Jimmy.
“Don’t fight the Fed” is a quote from Marty Zweig not Marty Weiss.
"Meanwhile, real wages have been sagging (lower than inflation) for nearly 2 years straight…productivity is falling…GDP growth is anemic and soon will be negative (in recession)…the money supply is falling…savings rates are near record lows…consumer debt is at a record high…business debt too is at record levels…" -- Bill Bonner in today's missive
Other than those things everything is just swell. Joe Biden told us earlier this week that "the economy is in great shape and we've got the numbers to prove it!" Any of you Biden sycophants err fans out there want to weigh in?
Bill nice to hear that you've made it back to the safety of of the motherland .. not sure I'd be heading back down under to the pampas but then maybe it's worth another shot at being a productive rancher and there's always the Malbec to keep ya going .. like Joel said " don't fight the currents" or RIP as we call it here .. in other place's it means 'rest in peace' but either definition applies ..