Economics and Investing:

Saturday, May 5, 2012

B.B. suggested a piece over at Zero Hedge: Hugh Hendry On Europe "You Can't Make Up How Bad It Is"

Also from B.B. came a link to this piece by Monty Pelerin: The Economic Charade is Almost Over. His essay begins: "As we near the end point, the point where the economy collapses, government becomes more desperate to convey the myth of a recovery. Government data have always been suspect because of the political ramifications of a good vs. bad economic report. Fudging the numbers, or at least the ways of measuring various statistics, likely began once government began issuing economic data."

Items from The Economatrix:

No End In Sight To Global Job Crisis: UN

Three Fed Policy Makers See No Need to Ease

95 Percent of the Jobs Lost During the Recession Were Middle Class Jobs

Payroll Survey Signals US Jobs Slowing as Orders Drop


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