Toeser

Forget Green Shoots: These Are the Brown Shoots Turning Black

I agree with the writer that much more pain is ahead. But this is one very mixed economy. I sometimes go to restaurants or stores that are full, yet I see some empty. I rent out a house on a Florida island and we are having record rentals this year. Probably 20% of us are in a depression, but a significant number of people are feeling little or no pain. The total economy killer will be when Congress and the Prez rachet up taxes. Then all households and all parts of the economy will tank. Hold on.