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Why Economic Data No Longer Matters

Why Economic Data No Longer Matters Back in mid-2009, we said that with the Fed and central banks nationalizing capital markets, macro and even micro data and newsflow will matter increasingly less and less, and the only thing that does matter is the Fed’s weekly H.4.1 statement, showing the changes to the Fed’s balance sheet. […]

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Can You Trust US Economic Data? Eight “Out Of The Box” Investment Insights – Peter Diekmeyer

Can You Trust US Economic Data? Eight “Out Of The Box” Investment Insights – Peter Diekmeyer    This morning, Canada released GDP data which showed the economy shrank by 1.6% on an annualized quarter-over-quarter basis during Q2. While economists forecast a 1.5% drop, those “projections” were made after the quarter was already over. Six months […]

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As China’s Economy Craters, Economic Data Starts to “Disappear”

As China’s Economy Craters, Economic Data Starts to “Disappear” For several years now, I’ve periodically observed that China’s increasingly aggressive crackdown on dissent serves as a harbinger of far more difficult times ahead. The thinking goes that if anyone is privy to the severe fragility of the country’s economic situation, it would be Chinese leadership. As such, desperate moves by Chinese leadership should foretell drastically worse […]

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“Keep Reporting On Bright Economic Future” – China Ministry Of Truth Demands Media “Properly Interpret” Data

“Keep Reporting On Bright Economic Future” – China Ministry Of Truth Demands Media “Properly Interpret” Data The following censorship instructions, issued to the media by government authorities, have been leaked and distributed online. As China Digital Times reports, propaganda directives issued by the Xinhua News Agency and the Central Propaganda Department show that Chinese media are being instructed […]

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US Economic Output – “Ugly, but Fleeting”?

US Economic Output – “Ugly, but Fleeting”? On the Uselessness of Aggregate Economic Statistics We actually hate talking about GDP. It mainly measures consumption and leaves out the bulk of the economy’s production structure – which has led to the completely erroneous, but often repeated notion that “the consumer represents 70% of economic activity”. In […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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