Seven years of constant lying followed by "surprise collapse"
Since 2008, global deflation (poverty) has grown astronomically (red) and oil has collapsed lower:
The biggest lesson not learned in 2008 is that Fiscal and Monetary policy taken to level 11 could never offset a global imbalance of trade. Now apologists for the status quo have pinned all hopes on a collapsing China's transition to a consumer economy. Even as multinationals flee the country at a record pace, and the currency is devalued on a continuing basis. It's all just lying as usual.
The status quo has been reduced to an 8 year political calculation.
Europe and Japan:
Got 'Conomy?
The gap between fantasy and reality has never been wider. A tribute to 7 years of Faux News and CasinoNomics:
The gap between fantasy and reality has never been wider. A tribute to 7 years of Faux News and CasinoNomics:
