Once upon a time, skeptical analysts cross checked stated growth versus energy consumption…looking for discrepancies as fluctuations in energy consumption are a good proxy for the changes in real economic activity.
Nowadays, the model of printing highly politicized and/or skewed economic data has gone very global. So, today I offer a couple broad variables to gauge global economic activity; 1) total primary energy consumption data by region, cross checked against 2) their consumer bases (the 0-65yr/old populations). I break the world down into four different regions to gain a better vantage of the purported global recovery, as follows:
Read more at:Why This Is About To Get Far Worse…