It’s a never-ending ritual: many people hype current (and try to guess upcoming) national income statistics such as Gross Domestic Product – or heed those who do. The bigger is GDP and the more rapidly it rises, mainstream economists and policymakers strongly imply (and investors and journalists obediently accept), the healthier is the economy and the better are investors’ … [Read more...] about America’s permanent recession: Is it coming to Australia?
Chris Leithner