We have arrived
has failed to generate any growth in the economy, with both and crashing spectacularly to a point where post another revision will be the inflection point where America re-entered another recession ... the downslope we are already in may convert into a stall from which the global airborne Titanic does not recover.
Some analysts—those who are either in the tank for the government or are completely ignorant to the real facts—will claim that while the second quarteris low, it's still positive, which suggests there's still growth. As we have pointed out in several reports previously, this is simply not the case once you factor in price inflation and monetary easing. If it wasn't clear up until today, it should be now.
The concentration of wealth is now in so few hands and is so extreme in degree, that the combined liquid financial power of all of those not in this small group is inconsequential to determining the direction of the economy. As a result, we now have the equivalent of centralized planning in global marketplaces... The result was inevitable: gross misallocation across all facets of the private economy.