That’s for sure. Snippet..
In the real economy, unemployment is at Depression-era levels (see this, this and this).
In the real economy, bank loan loss rates will be higher than the Depression.
In the real economy, government revenue is at its lowest level since the Depression, and most states are on the verge of bankruptcy.
In the real economy, the world economy is crashing faster than during the Depression (and see this).
But in the make-believe world of the government and the financial giants, the recession is over.
How do they do it?
Well, as I noted a couple of days ago, the boys use:
High-frequency trading, program trading-based frontrunning, and other computer-based manipulation of the markets
Creation and manipulation of bubbles
The Plunge Protection Team
Intervention in the gold, currency markets, and bond markets
Bear raids, naked short selling, and credit default swap holders driving companies into bankruptcy
In addition:
http://www.washingtonsblog.com/2009/08/real-economy-versus-fake-economy-of.html
Do you think we’ll have inflation longer term?
That’s how I’ve set up my strategy....
Sounds like it is time to stock up on Spam and Rice and buy a Sailboat and a Fishin Pole.