Goldilocks economy

by omouggos

In his latest article, Michael Pento describes the absurdity of the “Goldilocks Economy,” the name he gives for the Fed’s and much of the mainstream business media’s explanation of the recent economic weakness seen in the US. During the first quarter of 2014 and 2015 we were told that economic activity was low because it was too cold and too snowy. Now in the first quarter of 2016, and the preceding December, we are told that economic activity is lagging because the weather is too warm! It seems that the US economy can only experience significant growth under a very narrow band of winter conditions, not too hot and not too cold (i.e. the Goldilocks zone). Or maybe this explanation, as Pento argues, is bull flop.

If you enjoy what Pento has to say, then here is an interview of him conducted by Greg Hunter.

O Mouggos