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  • Telltale Signs

    Of recession. Article by Charles Hugh Smith.


    Though every recession is unique, all recessions manifest in similar ways in the real economy. By real economy, I mean the on-the-ground economy we observe with our own eyes, as opposed to the abstract statistical model reflected in official declarations of when recessions begin and end.

    One characteristic that never makes it into the abstract statistical representation of recession is the light switch phenomenon: business suddenly dries up, as if someone turned a light switch off. This is especially visible in discretionary purchases, which include everything from smart phones to vehicles to eating out.


    Entire article found here.
    Last edited by drbrumley; February 9th, 2019, 09:18 PM.
    The state — whatever its particular forms — always expresses itself as a collective form of property ownership. All political systems are socialistic, in that they are premised upon the subservience of individual interests to collective authority. Communism, fascism, lesser forms of state socialism, and welfarism, are all premised upon the state’s usurpation of privately-owned property. Whether one chooses to be aligned with the political "Left," "Right," or "Middle," comes down to nothing more than a preference for a particular franchise of state socialism.

  • #2
    Link no worky.
    "That man of sin must first be revealed." -- Jesus

    If you haven't tried: you've already failed. -- Aimiel

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    • #3
      Im going to ask to delete this thread, I cant get the links to work...
      The state — whatever its particular forms — always expresses itself as a collective form of property ownership. All political systems are socialistic, in that they are premised upon the subservience of individual interests to collective authority. Communism, fascism, lesser forms of state socialism, and welfarism, are all premised upon the state’s usurpation of privately-owned property. Whether one chooses to be aligned with the political "Left," "Right," or "Middle," comes down to nothing more than a preference for a particular franchise of state socialism.

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