Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
OpEdNews Op Eds

The Economy Has Not Recovered And Is Again On Its Way Down

By       Message Paul Craig Roberts     Permalink    (# of views)

Related Topic(s): ; , Add Tags
Add to My Group(s)

News 1   Supported 1   Valuable 1  
View Ratings | Rate It

opednews.com Headlined to H3 3/18/15

Author 12495
Become a Fan
  (407 fans)
- Advertisement -

Reprinted from Paul Craig Roberts

From youtube.com/watch?v=YHaM-AyrA9Q: Will The U.S. Economy Collapse?
Will The U.S. Economy Collapse?
(Image by YouTube)
  Permission   Details   DMCA

The first quarter GDP will be negative unless the figure is again manipulated and faked.

- Advertisement -

I am looking at two charts. One is the Federal Reserve Bank of Atlanta's forecast. During the past 30 days, the Atlanta Fed's forecast has dropped from 2.3% first quarter growth to 0.3 percent.

The other chart is the Blue Chip consensus. This is Wall Street's forecast used to market financial products. It is a sales device and nothing more. This forecast as of March 6 is 2.4 percent.

Today (March 17) Zero Hedge list 43 leading economic indicators that totally contradict the payroll jobs reports. As I and John Williams (shadowstats.com) have pointed out over and over, the reported payroll job gains are totally inconsistent with the behavior of the economy. How can anyone believe that when retail sales are declining and large retail chains are closing stores, tens of thousands of new retail clerks are being hired? How can construction jobs be increasing when housing starts are declining? Lumber is collapsing also.

- Advertisement -

Here is the Zero Hedge article.

 

- Advertisement -

News 1   Supported 1   Valuable 1  
View Ratings | Rate It

opednews.com

Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His books, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available (more...)
 

Paul Craig Roberts Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Related Topic(s): ; , Add Tags
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Libya - The DC/NATO Agenda And The Next Great War

A Story...The Last Whistleblower

Pakistan TV Report Contradicts US Claim of Bin Laden's Death

The Road to Armageddon

American Job Loss Is Permanent