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The Stats Are Lies From the Ministry of Truth

 Dr. Doom also trades currencies and commodity futures like Gold and Oil. He is the publisher of the Gloom, Boom and Doom Report. He is also fond of schooling the Wall Street media talking heads on economics and financial systems.

Faber says: The economy is not recovering. I have been saying that all along.  The statistics are distorted by the Ministry of Truth. And now we have to deal with:

1. Geopolitical problems in the Ukraine and the East China Sea.

2. A 30% increase in total credit since 2008 — government, corporate, and consumer debt included.

3. Nobody in the US can deny that all prices are up. Especially for energy, food and insurance.

Stocks have gone nowhere since the beginning of the year while bonds have risen. But be prepared; both are going down.

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