Posted tagged ‘green shoots’

Surprising Economic News

October 28, 2009

Consumer confidence falls to a 26-year low.

 New home sales fall in September.

 What’s that? You aren’t surprised? Yeah, me neither. But, apparently, these things were surprising to “economists” according to the linked articles.

 Further proof that Wall Street is completely disconnected from reality.

 Further proof that Keynesian economics is flat wrong (bet they weren’t surprised at the Mises Institute).

 Further proof that the sleeping giant is awakening – that the people are not believing what they hear about “green shoots”, “recession is over” and “jobless recovery” from politicians and pundits.

 The basic rules of economics are kind of like the laws of physics. No matter how much some “expert” might agrue otherwise, you cannot get rid of gravity by throwing things up in the air.

Gerald Celente: 2012 Economic Apocalypse

May 27, 2009

Other recent articles from Gerald Celente:

The Bailout Bubble

Looking Back on the Greatest Depression

Green Shoots or Greatest Depression?