Karl Denninger whose site is on the links on the right hand site. Market Ticker is site I highly recommend. Karl’s insights into the Economy are in my view the correct analysis of what is happening and why the Internet is increasingly the venue the public is going to in order to get the news without bias and Spin.
His analysis of why the Economy is getting worse that the Cheerleaders in the media are not raising is vital to see how we are going into the tank. Issues are Real Unemployment which is at 20% for Real our U-6 Unemployment. That the US Auto Industry expects a 30% permanent reduction in sales capacity and how that translates to many jobs lost permanently.
His analysis of Consumers who have hit a Credit Wall and have no more credit to spend. Our current economic model relies on 70% of spending to come from Consumers. What is not being asked is how the US intends to restructure to change our Economic model?
Credit to Karl Denninger of Market Ticker.
