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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 

Condensed Articles

September 18 ,2014

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GOP
By John Williams

(condensed)

Headline GDP reporting rarely reflects conditions in the real world, but it does have serious impact on the financial markets, and the level of pontification by Washington politicians and central bankers. Although business activity is turning down, positive GDP reporting likely will hold until the election. The GDP has been subject traditionally to political manipulations.  These manipulations have taken place over the last five decades and have involved both major political parties. Despite the initial second-quarter 2014 GDP estimate coming in well above the ShadowStats expectation, the negative broad outlook for actual economic activity has not changed. 

Near-term activity in key underlying economic series should be markedly weaker than consensus expectations in the next month or so.  Those numbers, including the trade deficit, payroll employment, retail sales, industrial production and housing starts, should move market expectations towards recognition of a renewed economic downturn. Economic times generally are not good. Underlying real-world economic activity suggests that the broad economy began to turn down in 2006 and 2007, plunged into 2009, entered a protracted period of stagnation thereafter – never recovering – and then began to turn down anew in recent quarters.