Here the regular weekly economic indicator report by WF.
WFWeeklyEconomicCommentary-220612
And something below, i found of interest.. student loan data. By hook or by crook money supply must grow in a fiat money system.And note this is now a world wide developed world trend. That is, health, education, heating, water costs that were traditionally born by the welfare state system are being transferred to a system of being funded by debt. This is a clever policy move as it reduces public sector costs in the short run. It transfers the cost to debt which effectively leverages the balance sheet and, in so doing, expands money supply. Of course the problem comes when the money is to be paid back. But will this capital ever be paid back? I very much doubt it. In the the fiat system of debt the capital is seldom ever paid back and it doesnt need to. All that is occuring is the transferance of public sector debt to private sector debt. When the debt cannot be paid back it can always be written off by the public sector finance co guaranteed cos. Or, even better, bailed out by central banks who own a printing press so dont have to book the bailout costs as a bad debt. It all makes sense in the ponzi fiat system that we have, at present, in the west. Its a hugely corrupt system which we cannot change. Better to accept this system, understand it and capitalise from it. That is all the individual can do.
Here the report from WF:
What was telling in my opinion last week was the large revisions to the downside by the Fed. They reduced economic growth forecasts and, significantly, reduced their unemployment forecasts for rates to remain at around the 8% for the remainder of 2012. In spite of this bleak economic revision to the downside policy reaction was not expansionary. This presents a giant mismatch of policy vs the data which is immensly positive US$ and ‘off risk’. This comes at a time when the short end is already nominally negative and in real terms strongly negative. In short, a highly deflationary cocktail of deleveraging. Have policy makers completely misjudged things? or do they only feel empowered to act to prevent collapses? We cannot know the anwsers to these questions but the data is weak and weakening and the existing policy response likely to be insufficient.
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