Archive for October 2023
Forecast: Stagflation
One indication that the US and world economy is not as healthy as many pundits would have you believe is the distribution of wealth – or lack thereof in the younger segments of the population. For purposes of this article, a baby boomer is defined as someone born between 1946 and 1964, and…
Read MoreThe Metric is Flawed
It’s an often-overlooked point: currency devaluation makes reported economic data appear better than it really is. Stated differently, when the measuring stick or metric used to measure anything is changed, reported data changes by virtue of a changing metric regardless of the actual data. Let me give you an example that I…
Read MoreInflation Under Control? Not!
It’s no secret that I have been forecasting stagflation – defined as a contracting economy (recession) and rising consumer prices. There are those who disagree with me. There are also those who are attempting to put a good spin on the current situation. Count Nobel Prize-winning economist Paul Krugman among this group.…
Read MoreSoft Economic Landing? Not a Chance
I have long held that the economic boom we’ve experienced since the time of the Great Financial Crisis of 15 years ago has been largely the result of the artificial, easy money policies that the Federal Reserve and other central banks around the world have been pursuing. While there are those who think…
Read MoreIs the U.S. Economy Ready to Break?
As I have been noting, stocks appear to be in the early stages of an Elliott Wave theory ‘wave three’ down. Here is an updated chart. (For an explanation of an Elliott Wave three down, visit www.RetirementLifestyleAdvocates.com and see the “Portfolio Watch” newsletter dated September 25, 2023.) A large…
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