If you are a delusional Keynesian who believes in the importance of “animal spirits,” the following chart will not make you optimistic. H/T to EBW: Share/Save Download article as PDF
Consumer confidence
 Things are Not ImprovingA reasonable summary of our current situation from James Quinn: “The banking system is insolvent. The consumer is dead. The housing market is still crashing. Unemployment is going up. Consumer [...] |
Investors BewareThis post from Tyler Durden relies heavily on David Rosenberg, probably the most astute financial/economic analysis around. Both are very dubious regarding a recovery and the levitating stock market. It [...] |
 The Claude Rains Recovery“No Recovery?” In the best Claude Rains fashion, “I am shocked, shocked!” There is no economic recovery, and there will be no economic recovery this year and probably not next. [...] |
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