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Scooped by Hal onto Gold and What Moves it. |
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Here is what top Citi analyst Fitzpatrick said in two reports, along with powerful charts: “Initial Claims, one of our favorite leading indicators of the overall economic picture, appear to be bottoming, pointing to a deteriorating employment situation in the US. Additional red flags are being raised by Small Business, ISM and Consumer Confidence.
Fitting with idea that a low could be forming just as it did in late 1978. ...
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http://usawatchdog.com/bernanke-playing-with-fire-laurence-kotlikoff/ - Economist Laurence Kotlikoff says, "We are actually in worse shape than any developed country. . . We are using accounting that would make Bernie Madoff blush." Kotlikoff thinks the Federal Reserve could easily lose complete control of inflation and warns, "Ben Bernanke is playing with fire here because we could have a tripling of the price level." Join Greg Hunter as he goes One-on-One with Boston University Economics Professor Laurence Kotlikoff.
Hal's insight:
Good Interview. Hat tip to www.jsmineset.com Delete the scoop?
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