3 Charts US Economists Want to Keep Secret
After noticing the real GDP per person just dropped to its lowest level in more than 75 years, a major newspaper recently asked a slate of economists, "What's wrong with the economy?" Not one of them referenced the telling data in these charts. Now you can see what they don't want you to see.
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The Data Wall Street Economists Don't Want You to See
The steady dive in US economic performance recently became too pronounced for the financial news to ignore.
When a major New York daily newspaper finally took notice and asked a slate of economists, "What's wrong with the economy?", responses ranged from "a statistical mirage" to a "hangover" from the 2008-2009 recession. Yet the charts and figures we're looking at reveal something far more insidious.
Has the same exuberant mood that propelled stocks to new all-time highs also pulled the wool over economists' eyes, causing them to ignore critical early-warning signs? Inside this eye-opening 2-page report, a quick 5-minute read, our analysts answer these questions and show you three charts you will probably not see from any other source.
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Meet Your Authors
Steven Hochberg Chief Market Analyst
Steven Hochberg is Elliott Wave International's Chief Market Analyst, co-editor of our monthly financial publication The Elliott Wave Financial Forecast and editor of the EWFF Short Term Update. He began his career with Merrill Lynch and joined EWl in 1994. Steven is one of the world's foremost experts on Elliott wave application to market forecasting. He is a sought-after speaker widely quoted in The Los Angeles Times, The Washington Post, Barron's, Bloomberg News and interviewed numerous times for his market views by CNBC, MSNBC and Bloomberg TV.
Peter Kendall Co-Editor, Elliott Wave Financial Forecast
Peter Kendall is co-editor of The Elliott Wave Financial Forecast. Pete authored The Mania Chronicles with Robert Prechter in 2009 and contributes to The Short Term Update. Pete began his career as a financial reporter and columnist and joined EWI in 1992.