I thought all the charts were predicting the opposite. Anyone’s thoughts on this?
Everything I’ve read says the economy is dead, moribund. The U6 data gets worse and worse; screw the U3 data.
The stock market is another balloon beginning to over-expand/over-value and will burst again. Almost everywhere I drive, there are more and more “closed - out of business” signs on stores and businesses; “for lease”, “for sale”, “for rent”.
I don’t see anything new opening-up. This article’s blowing air up the Nation’s skirts. I don’t believe it for a minute. JMO.
Sure retail and food service sales are up: It costs more to buy the same stuff as last year. (duh.)
“But it does mean that a US recession in the next three years should be pretty far down on your list of concerns.”
This guy is on drugs. Most economists are predicting we are already sliding back into recession. The rest of us know we never came out of the first one. Wait til Obamacare kicks in next year and the companies start laying off to get to 40 employess and all on 29 hour weeks. Yeh the economy will really take off then.
I always find these charts and arguments fascinating. Not even to say they are incorrect.
Allow me to pose a question(maybe unanswerable):
Can you have a good economy and high unemployment and record recipients of food stamps simultaneously?