Thursday, January 8, 2015

The New Wall Street Groupthink: Globalization Failed. "Fuck 'em..."

The entire Rest of the World is screwed, but the U.S. is "A-Ok"...

During 2014, the U.S. borrowed 4.1% of GDP for "growth" of 2.7%.

You can't make this shit up.
CBO: Deficits, I mean "growth" forever:


The new Wall Street fantasy narrative (aka. "You call this analysis?")

Business Insider: Jan. 7, 2015
"An Unthinkable Event Will Occur: The U.S. will borrow it alone"
"The US economy — the world's biggest — is accelerating, while China's — the world's second-biggest — is decelerating."

"For 2015, Nuveen's Bob Doll predicts that the US economy will actually contribute more to global GDP growth than China's. This would be the first time that has happened in nine years."

"China is just one of the many emerging markets slowing down"
First Japan was ignored, then Europe, then Russia, then the Middle East, then China, now all Emerging Markets...

"We could witness something that has been "unthinkable in recent times."

Indeed.