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FSN: The Risk-On Recovery Rolls Over
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Charles Hugh Smith
Of Two Minds
Wages, private-sector employment and labor’s share of the economy have all declined: no wonder the risk-on recovery is rolling over.
Did anyone seriously believe the global economy was expanding so robustly that corporate profits would loft ever higher? Based on what data? Laughably bogus data from China, where warehouses are bulging with stockpiles of aluminum and copper, and a diminishing-return housing/credit bubble is the only “engine of growth”?
Or was it the equally bogus unemployment rate in the U.S. that inspired such confidence? Did money managers really not notice that most of those new jobs are part-time, and that the rate is only low because millions of people have statistically been disappeared from the workforce by central planners?
Continue Reading at OfTwoMinds.com…
2013-04-16 01:15:06
Source: http://silveristhenew.com/2013/04/15/the-risk-on-recovery-rolls-over/
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