By Greg Hunter On December 3, 2014 Economist John Williams is not buying the recent 3.9% GDP upward revision. Williams explains, “No one I know thinks we are growing at 3.9% other than they are trying to sell a bill of goods to the markets, specifically the currency markets. 3.9% is nonsense. You had 4.6% growth in the second quarter and 3.9% in the third. Here you had two quarters at close[...]
Tag: John Williams
Richard Russell – Endless Propaganda & A Horrifying Endgame
Today the Godfather of newsletter writers, 90-year old Richard Russell, condemned the endless propaganda coming out of the United States and the Federal Reserve, and also warned about this bear market will be about the end of fiat money. The 60-year market veteran also covered gold, silver, stocks, China, the U.S. dollar and more. Russell: “I suspect that we’ve been hearing an awful lot of[...]
The Deteriorating Economic Outlook – Wake-Up, Face Facts & Prepare
By Paul Craig Roberts, Dave Kranzler and John Williams. The third and final estimate (until the annual GDP revisions) of first quarter 2014 real GDP growth released June 25 by the US Bureau of Economic Analysis was a 2.9% contraction in GDP growth, a 5.5 percentage point difference from the January forecast of 2.6% growth. Apparently, the first quarter contraction was dismissed by those[...]