Back-to-back hurricanes must be taking their toll on the economy because the Atlanta Fed and the NY Fed are cutting their Q3 GDP forecasts, and the chart-job is jaw dropping…

Chris Martenson describes our economic plights with words like “deception”, “delusion” and “denial”, but sorting out who will eat the losses is as easy as pulling out the dictionary and looking here…

Canada is quietly making Canada great again, and it’s not about pop-culture elitists fleeing to the North either. We’re talking about hard economic data where it is painfully obvious that actions speak louder than words

SchiffMoney manager Peter Schiff claims the real U.S. Gross Domestic Product (GDP) is closer to “$13 trillion” than the official government number of “$16.6 trillion.”
That is a discrepancy of $3.6 trillion! Schiff explains, “The government keeps telling us the economy is getting bigger, but millions of Americans are leaving the workforce. We’ve got record numbers of people on food stamps . . . and part-time jobs are replacing full-time jobs. How is that consistent with a growing economy? It’s not.” Schiff goes on to say, “It just makes perfect sense to me the economy is shrinking, yet the government is using phony numbers to try to convince us a shrinking economy is growing.” So, how does a shrinking economy pay off an enormous growing debt? Schiff contends, “So, when interest rates go up because the world realizes we have too much debt relative to the size of our economy, consumers can’t spend anymore, and now the economy collapses in size and the debt balloons . . .

jim sinclairJim Sinclair opines on the Bureau of Economic Analysis’ changes to GDP calculation announced Wednesday, which will add 3% to official US GDP (or an economy approximately the size of Belgium) by counting research, development, and copyrights as part of the GDP calculation for the first time.
Apparently the only way to delay recognition of the latest recession (for 2 quarters perhaps?) among the mainstream  is to blatantly manipulate the calculation by a whopping 3%.
MOPE at its finest.