Are You Seeing What I’m Seeing? (via
Market Shadows)
Courtesy of Jim Quinn of The Burning Platform Is it just me, or are the signs of consumer collapse as clear as a Lowes parking lot on a Saturday afternoon? Sometimes I wonder if I’m just seeing the world through my pessimistic lens, skewing my point of view. My daily commute through West Philadelphia…
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Economy image courtesy of suphakit73
I have read most of this and it paints a terrible picture of America.
If you really read my researches you will find out a lot of the reasons why economies are not performing.
Largely what I see when I read this article is a story of huge imbalances world wide.
I see – relative to the rest of the world, over-priced wages in America and that is carried by an over-valued currency.
I see GDP not being earned in America but from overseas investments where the jobs are being created.
When prices are right employment gets to become full. Clearly prices are not right.
And prices includes the cost of labour in the international market.
Add to that the fact that I have listed eight instabilities in my Research ABSTRACT page
And a part of that is surely the inability of the interest rate instrument, so favoured by central banks, to provide a stable money supply or a stable economy…
See the AUSTRIAN DEBATE on my website.
Research ABSTRACT:
http://macro-economic-design.blogspot.com/p/resea…
Note in particular the currency pricing issue: you cannot have huge capital movements across currencies and at the same time protect the balance of trade. America has an over valued currency because it allows others to buy it in unlimited quantities.
AUSTRIAN DEBATE:
http://macro-economic-design.blogspot.com/p/austr…
From what has been written USA property prices are still way over-priced as are incomes.
An out of balance wrongly priced economy is a horrible place to live.
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