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FSN: Is There a Recovery Underway … Or is that a Hammer You’re Holding?
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
from The Daily Bell
Global slump risk falls as world money rebounds … The first green shoots have begun to emerge in money supply data from across the world, raising hopes of a tentative global recovery by later this year … Data collected by Simon Ward at Henderson Global Investors show that a key gauge of global money – six-month real M1 – has picked up at last after a drastic slowdown over the early spring. The combined growth rate for the G7 economies and E7 emerging powers levelled out at 1.6pc in May and rebounded at 2.5pc in June, though China and India are still contracting. The M1 data measure cash and overnight deposits and are a leading indicator of industrial output six months ahead. They give some comfort that the latest growth scare will stop short of outright slump, the point where “feedback loops” set off a self-feeding downward slide. – UK Telegraph
Dominant Social Theme: “Sun will come out tomorrow! …”
Free-Market Analysis: Having sung the praises of Ambrose Evans-Pritchard for so long, we now seem destined to plumb aspects of his economic analysis that we find questionable. Or so we’ve been doing lately.
Evans-Pritchard’s best moments, in our view, came post-2008, when he came into his own almost alone among mainstream journos in predicting the bad things that have now happened to the euro and EU.
Continue Reading at TheDailyBell.com…
2012-08-08 07:49:04
Source: http://silveristhenew.com/2012/08/08/is-there-a-recovery-underway-or-is-that-a-hammer-youre-holding/
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