Home > Off Blog > Seems like it was only yesterday the economy was in a recession…

Seems like it was only yesterday the economy was in a recession…

September 20, 2010 Leave a comment Go to comments

All fixed now. So just ignore:

  • Gold now 25 percent higher than the average price for 2009 – suggesting the economy is still contracting
  • Zero percent interest rates by the Federal Reserve
  • The highest unemployment in post-war history
  • Continuous stimulus in the form of trillion+ dollar deficits as far as the eye can see
  • Corporations sitting on 2 trillion in idle capital
  • Collapse of international trade, the housing market, credit market, etc.
  • Poverty level hits 16 year high (courtesy of Zero Hedge)
  • Not a single indicator has reached pre-recession levels (courtesy of Calculated Risk)

Here

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