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Thread: The Economic Recovery is over

  1. #1

    The Economic Recovery is over

    "No one ever woke up wishing they had three more drinks the night before."

    The recovery that started in 2009 and never really progressed has reversed.


    The recovery is over.


    Welcome to the Revocery.


    QE- Recovery Medicine or Extension of Bailonomics?


    The current recovery was artificially born in 2009 from the ashes of the Panic of ’08 with The Federal Reserve’s quantitative easing (QE) program that involved printing money out of thin air to buy U.S. Treasuries and Mortgage Backed Securities (MBS’s) from the Too Big Too Fail Banks.


    The recovery was kept alive with three full doses of QE and then a supplemental boost of the third dose in September of 2012. The recovery ended in May with talk of cutting the dosage when the Fed began its taper talk and interest rates began to rise.


    The recovery never had a chance.


    The economy was never allowed to recover on its own, instead it was subject to officious government/Fed inter meddling with the Troubled Assets Relief Program (TARP) and a series of doses of QE.


    Yet the economic recovery cheerleaders insisted/pleaded all along we had a real recovery, not recognizing that if a patient goes from “critical condition” to “serious” and stays there for years- he is not recovering.

    http://smaulgld.com/the-recovery-has-reversed-course-welcome...
    Last edited by Smaulgld; 09-12-2013 at 02:57 AM.



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  3. #2
    The Fascist-Corporatist Beast has engorged itself with cheap money and government/THE FED welfare machine...

    Slipping those corporate welfare write-offs into the New Year's $650 Billion of new tax increases bill, masked this years earnings #'s... carried them 6-9 months, now you can see that grim reaper standing down the road.
    The American Dream, Wake Up People, This is our country! <===click

    "All eyes are opened, or opening to the rights of man, let the annual return of this day(July 4th), forever refresh our recollections of these rights, and an undiminished devotion to them."
    Thomas Jefferson
    June 1826



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