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« Overnight Open Thread (12-9-2013) | Main | Top Headline Comments 12-10-13 »
December 10, 2013

ZeroHedge: dude, we are so so monstrously boned

You are in a maze of twisty little passages all alike. Alas, they all lead to:
DOOOOM
37 reasons why recovery is a complete fraud(there's only a few on this list that are throwaway filler)
...Sadly, all of those "emergency measures" do not appear to have done much at all. The percentage of Americans that have a job has stayed remarkably flat since the end of 2009, median household income has fallen for five years in a row, and the rate of homeownership in the United States has fallen for eight years in a row. Anyone that claims that the U.S. economy is experiencing a "recovery" is simply not telling the truth. The following are 37 reasons why "the economic recovery of 2013" is a giant lie...
One of the most terrifying, number 25 on ZH's list: the velocity of money has cratered to a post-WWII low.


People are hunkering down, and hunkering down VERY HARD. The velocity of money now is apparently slower than during the Great Depression (You want to look at the last chart in that dude's blog post for the Federal Reserve chart that goes back to the great depression).

Even the left is starting to entertain the notion that things could burn, although their prescriptions are as likely to throw gas on the fire as douse it. David Simon (creator of The wire series) recently admitted as much. He used the term "the brick" for the burning times.

...So I don’t know what we do if we can’t actually control the representative government that we claim will manifest the popular will. Even if we all start having the same sentiments that I’m arguing for now, I’m not sure we can effect them any more in the same way that we could at the rise of the Great Depression, so maybe it will be the brick. But I hope not.

Its only Tuesday.
Friday is an eternity away.


digg this
posted by Purp at 03:53 AM

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