"Sex Strike" in Colombia

From Agora Financial's 5 Min. Forecast

"... from Colombia, we see that a “sex strike” has achieved its objectives: The government has agreed to pave a road.

The “strike of crossed legs” began in late June, with 300 women in Barbacoa refusing their husbands sex until the road connecting the remote town to the rest of the country was paved:

Now that’s a protest…

The town of 40,000 is linked to the outside world via a treacherous mountain road stretching 35 miles to the nearest town. Even in the best of times, the trip took four to six hours. But after heavy rains and landslides in the last year, it’s more like 10-12.

Under pressure from the town’s deprived men, the National Roads Institute has given in: Construction is set to begin Oct. 11.

And just to make sure the government keeps its word, the strike is set to continue until then: “The Barbacoan community,” says a statement from the women, “is aware that there have always been many promises made here that have never been kept.”

Tough crowd…"

Uh-Oh IV

From September 2011 issue of Currency Capitalist:

Wrong Again, Economists

"Every month the Wall Street Journal publishes a survey of economists. In January, the headline read 'Economists Optimistic On Growth.'

At the time economists were optimistic. They expected the U.S. economy to grow by a respectable 3.3% in the second quarter.

But they were wrong. The U.S. GDP came in at 1.3% for the second quarter, less than half that. And this is just the initial estimate that will be revised later.

Export figures for the second quarter were recently revised lower. Since exports play a key role in GDP growth, this revision in exports will result in a lower GDP number for the second quarter.

So when the revised second quarter GDP numbers come out in late August (after we go to press), I expect to see another pathetic number.

The GDP number for the first quarter was already revised down from 1.9% to an anemic 0.4%. That’s a huge revision. If the second quarter suffers a revision of the same magnitude, we will dip into negative growth.

Again, these economists are looking at the same data that I am, but they’re still optimistic. In fact, as recent as three months ago, economists still expected the U.S. economy to grow by more than 3% this year.

Economists at Goldman Sachs still maintain to this day that the chance of another recession is only 33% in the next nine months.

Unfortunately, history doesn’t agree.

Right now, our year-over-year GDP growth stands at a very concerning 1.6%. If you go back all the way to 1950, you’ll see that every time our GDP growth dropped below 2%, our economy was either already in a recession…or we fell into one within a year.

In other words, history is already predicting another recession. Just nobody wants to come out and say it. "

Uh-Oh III

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