- Expect the Fed's ability to move the market to weaken from here
- The three key investment-actionable indicators
- The most likely direction the dollar will head next
- Why capital preservation is now of paramount priority
Part I: What Data Can We Trust?
Part II: The Three Key Indicators to Watch
In Part I, we set aside the suspect “headline numbers” issued by government agencies as metrics of economic health, and as an alternative methodology, we surveyed the income and balance sheets of households and the federal government. We found declining household income and tax receipts, and high debt loads for both households and the government. This data simply does not support the rosy view of “recovery” presented by government officials.
Let's now examine more actionable indicators of economic health. In other words, it’s all well and good to ascertain whether the economy is growing smartly or not, but how does that guide our investment strategy?