Wednesday, April 21, 2010

14 Pieces Of Really Bad News For The U.S. Economy

Thanks to JDH over at for calling this piece to my attention. click the link below for the full article may must be a wake up call for some.

14 Pieces Of Really Bad News For The U.S. Economy: "14 Pieces Of Really Bad News For The U.S. Economy
Federal Reserve Governor Kevin Warsh told an audience on Friday that the U.S. economy is in the midst of a cyclical recovery and that there are 'encouraging' signs of improvement in financial markets.  Many other governmental and media talking heads have uttered similar pronouncements about a 'recovery' which will put the U.S. economy back on track.  But are we really experiencing a recovery?  If so, then why are foreclosures still hitting record levels?  Why is unemployment so high?  Why are so many cities and states on the verge of bankruptcy?  Why are so many average Americans hurting so much?"


  1. SW -

    In my opinion these people are mistaking the stock market recovery for an economic recovery. Problem with that is the stock market is not the economy.

    Nice job on the trade you posted earlier. It's always fun to watch you trade.


  2. Thanks PT. I agree. I call them "Puppies" you know how excited little puppies get and pee all over the place when they get sooo excited. Those talking head do the same thing and get the retail trade all hopped up and suckered back in long term setting them up for the kill. The other shoe will drop before too long. In the mean time just listen to your chart. :)