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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (694860)1/24/2013 7:15:59 AM
From: jlallen5 Recommendations  Respond to of 1576346
 
You can "beleive" unemployment has improved despite the fact we have the lowest participation in the work force in 60 years......or you can face reality, dumbfukk.



To: tejek who wrote (694860)1/24/2013 1:00:55 PM
From: i-node  Read Replies (2) | Respond to of 1576346
 
It's Official: Worst. Recovery. EVER


Submitted by Tyler Durden on 01/24/2013 09:22 -0500

Ben Bernanke Gross Domestic Product Michael Cembalest recovery Russell 2000 St Louis Fed

If there was any debate whether the Fed's policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP "growth" since the "recovery" is now the worst in US history, having just dipped below the heretofore lowest on record.



A slightly prettier version of the same chart created by JPM's Michael Cembalest, is presented below:





But fear not: it is only the worst recovery ever for anyone unlucky enough to still rely on such Old Normal concepts as the "economy" to feed, clothe and provide shelter for themselves.

For those lucky 1% of the US population whose entire wealth is in financial assets (and who once again managed to avoid a tax hike on carried interest or any actual financial assets), times have almost never been so good.