Maybe it is just because of the area in which I live (the NYC metro area), but any story that pretends the Greater Depression ever ended is from Bizarro World. There has been no recovery here, just more jobs lost/employers leaving and a steady stream of foreigners coming in to replace the disappearing American populations that were the mainstay of the area in days past. The whole economy here is increasingly based on wealth transfers from taxpayers in other parts of the country (as well as debt).
it is too late
What doublespeak...we’ve been in a depression for many years now with 20% un/underemplyment ...the 4.9% phony unemployment due to shrinking the denominator.
Layoffs in droves...store closures...balticdryindex plummeting...costs have been cut to the bone at companies and stock buybacks have been done already...one time charges have been done...factories closing...there are only so many more lies that can be told and no more Fed bullets.
Buy more .22, .223, .9 ammo.
I don’t think we ever left the first Obamao recession.
In the eighties, when my kids were little, I used to buy a standing rib roast just for an everyday dinner. They weren’t outrageously expensive. Today I wouldn’t even buy one for a holiday since they’re between fifty and sixty dollars.
There’s nothing natural about a recession cycle. Every so many years, the banking community decides that wage-earners are making enough money and the employment market is getting tight, so they invert interest rates, making investment impossible and destroying business caught holding debt. The mega-rich take huge losses with the rest of us, but they get taxpayer funds to replace what they lose... and then go right on making higher and higher profits.
No recession ever occurred in the era of the federal reserve without the federal reserve purposely and knowingly inverting interest rates.
I’m not for cheap money, but interest rates should be slowly increased far sooner after a recession.
Great time to buy gold and junk silver.