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’s analysis keeps subscribers ahead of the trends in U.S. stock indexes, as well as global indexes, bonds, precious metals, the U.S. dollar and the economy. He co-edits our flagship monthly Elliott Wave Financial Forecast and edits our Monday-Wednesday-Friday Short Term Update. One of the world's foremost experts in Elliott wave forecasting, Steven is a sought-after speaker interviewed numerous times for his market views by Barron's, Bloomberg, CNBC, MSNBC, Los Angeles Times, Washington Post and other media outlets. Steven began his career at Merrill Lynch and joined EWI in 1994.
Peter Kendall Chief Analyst for U.S. Markets and Cultural Trends
Peter Kendall has been a market analyst and editor at Elliott Wave International since 1992. In 1996, he edited Prechter’s Perspective, a series of interviews drawn from Robert Prechter’s media commentary. In addition to charting the course of the financial markets, he places the markets within the larger context of big-picture Elliott wave trends in social mood. From the heights of skyscrapers and hemlines to the depths of disco and punk rock, Peter’s insights show EWI’s subscribers why these trends are part and parcel of patterned and predictable Elliott waves. Together with Steven Hochberg, Peter co-edits our monthly Elliott Wave Financial Forecast and on occasion contributes to our U.S. Short Term Update. In 2009, together with Robert Prechter, he co-authored The Mania Chronicles.
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