For this special year-end feature, we asked some of your favorite thought leaders about the tools they use to spot trends and make those important buy-sell decisions. What are the early indicators that gold will rise, plummet or coast sideways?
Don't fall for propaganda from the Federal Reserve about tapering quantitative easing, says ShadowStats editor John Williams. His corrected economic indicators show the U.S. is nowhere near a recovery and the Fed will have to increase bond buying to prop up banks and push off inevitable dollar debasement.
The final trading session of the week opened higher in metals as participants continued to bet that Mr. Draghi’s words will translate into action and that the GDP numbers will be the final motivating factor for the Fed to take action next week.
THe author of the ShadowStats.com newsletter, shines light on his interpretations of the GDP, CPI, unemployment and other government statistics in this interview. Highlights include what the money supply measures tell him and why QE3 will be a hard sell.
Among the specters lurking in the ShadowStats.com editor's gloomy outlook for the US are the demise of the dollar, hyperinflation and the ongoing lack of political will to take sound corrective measures.
The ShadowStats editor advises legislators to stop fooling around with the country's credit rating. Regardless of the deal reached, he predicts that the Treasury and Fed will continue to print money to meet obligations and add liquidity to the economy.
Economic recovery? What economic recovery? Contrary to popular media reports, government economic reporting specialist and ShadowStats Editor John Williams reads between the government-economic-data lines.