Neither the US Nor China Will be an Engine For Global Growth Next Year
Submitted by Phoenix Capital Research on 10/24/2014 12:33 -0400

The investment world is banking on real growth being just around the corner.

However, the data does not confirm this view.

Let’s talk about China first. Half of all global growth is expected to come from China, which is forecast to grow by 6.5%-7% next year.

Now, China’s economic numbers are for the most part fictitious. However, there is one metric that cannot be fudged and that is electricity consumption. Either electricity is being used or it is not.

With that in mind, we must consider that China’s electricity demand is collapsing, having fallen to a year over year rate of 3.5% in August 2014.

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As is the case in China, official GDP growth numbers in the US are massaged to the point of being fictitious.

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Don’t believe the hype both China and the US are making up their GDP growth numbers for political reasons. Neither will be a major engine for growth next year…

Which means that the markets are completely mispricing what’s coming… and the stage is set for another Crash.

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http://www.zerohedge.com/news/2014-10-24...rowth-next-year

Quote: ThirstyMan wrote in post #2

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This article expresses how I feel about the economic future. Have you followed their links to find out what they recommend @algernonpj ?

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