Wednesday, April 30, 2014

China Overtakes U.S. as Largest Economy




U.S. Homeownership Rate Falls to the Lowest Since 1995
Rents Soar To Record High As Homeownership Rate Plunges To 19 Year Low
BLS: In 20% of American Families, No One Works
China Set to Overtake U.S. as Biggest Economy Using PPP Measure
In a powerful turn of events, China is about to overtake the US as the world's largest economy. The US really doesn't have what it takes to stand up to the emerging economies because it has the Fed as the engine and nothing else.

The jobs are gone.
Poverty has increased.
Welfare increased.
The market is a fraud.

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