This article was published by The McAlvany Intelligence Advisor on Wednesday, November 1, 2017:
What a perfect definition of the American economy! Papier-mâché is defined as a “composite material consisting of paper pieces of pulp, sometimes reinforced with textiles, bound with an adhesive such as glue, starch, or wallpaper paste.” Add in a dose of political promises that everyone knows cannot be kept – not even close – and we have the American economy.
From a distance it looks pretty good. More than pretty good: to the untrained eye the American economy is setting world records, to wit: