Behind Sunny Economic News, Storm Clouds Lurk

If you went only by the latest headlines, you’d think the U.S. economy was in great shape. The Bureau of Economic Analysis recently revealed that gross domestic product (GDP) grew 4.9% in the third quarter of this year. This was greeted by various media outlets as “blockbuster” growth that “defies expectations.” As Yahoo Finance titled its article: “U.S. economy grows at fastest pace in nearly two years.” But a cursory look beyond these headlines shows a completely unsustainable economy, failed government policy, and a coming recession. Read Full Article »