Fighting Yoda

Distilling the Economic Data: No Recovery News

"you are deeper in the hole than you have ever been during your lifetime" - Very true. The green shoot theories by the PPT team were pure propaganda - media and institutions bought into it - they are the PPT.

But with unemployment is continuing to grow, credit continues to plummet, home prices continue to plunge - where is the recovery - what is the trigger for it. Consumer the biggest part of the economy continues to suffer and deleverage and save - he will not save this economy - he is desperately trying to save himself. BRICs, China and the rest - this has been way overplayed - all the BRICs combined are less than half of US economy. As long as US, Japan, Germany - the biggest economies continue to shrink - you cannot have sustainable growth. China etc are all too dependent on exports - their internal consumption growth not only is small and slow – it cannot in any way offset the loss of exports.

Stock market and commodity price jumps are giving the wrong signals, of course Wall Street is always wrong.

L is a best case scenario, worse outcomes are possible - a total lost decade – I think that is where we are headed.

Distilling the Economic Data: No Recovery News

"you are deeper in the hole than you have ever been during your lifetime" - Very true. The green shoot theories by the PPT team were pure propaganda - media and institutions bought into it - they are the PPT.

But with unemployment is continuing to grow, credit continues to plummet, home prices continue to plunge - where is the recovery - what is the trigger for it. Consumer the biggest part of the economy continues to suffer and deleverage and save - he will not save this economy - he is desperately trying to save himself. BRICs, China and the rest - this has been way overplayed - all the BRICs combined are less than half of US economy. As long as US, Japan, Germany - the biggest economies continue to shrink - you cannot have sustainable growth. China etc are all too dependent on exports - their internal consumption growth not only is small and slow – it cannot in any way offset the loss of exports.

Stock market and commodity price jumps are giving the wrong signals, of course Wall Street is always wrong.

L is a best case scenario, worse outcomes are possible - a total lost decade – I think that is where we are headed.