This U.S. Recovery Really Is Different

Too many words to describe new economy era with slow growth, falling purchase power of the middle class, low rates and shorter boom-bust cycles on paper assets...

5.2% unemployment and still so hesitant for any rate hike lol. Surely one only needs to look slightly under the surface to see there is no recovery and that the economy is in shambles lol.

This unemployment measurement is the biggest lie in the US labor market. It only counts the "convenient" short-term unemployed - not the long-term unemployed people. Labor participation rate is at its lowest ever. I wonder who ever believe that fat lie. Truth is - US economy is the at the same level as in 2009.

https://www.youtube.com/watch?v=wz-PtEJEaqY

http://www.shadowstats.com/alternate_data/unemployment-charts

The real unemployment statistics.

Very interesting reality check.. thanks for link MP..

Was too busy trading, eating lunch, and reading article to weigh in sooner.

The article is correct in pointing out that the current economic cycle should not be thought of as 'a recession' or a recovery. He/they drew some other economic parallels, for me the obvious one is the '29 crash which was followed by a decade of misery .. more or less. It will be so this time too, and the decade is drawing to a close. Advances in technology and improved communication between the various governments have reduced the severity of the crash, IMHO, but it was a close thing.

The rest of the exercise is just window dressing. I joined the 'not participating' ranks ... after all, I am here on FF. So an ageing population is going to skew that metric. Any recovery is founded on confidence, a confidence shared by most of the 2 billion players. The propaganda machine must dispel the general wariness .. hence the creative accounting in the BLS and elsewhere.

...missed an EJ entry

Interesting.

If pro-growth policies were adopted, this could turn around in very short order. Unfortunately, there is no chance of that with this administration. They firmly believe in the Nanny State. Perhaps things will change with the next administration. You'd think people would eventually get tired of politicians just playing the non-stop blame game, but so far they are snapping it up hook, line and sinker. Once the majority of people realize they can vote themselves largess from the public treasury, democracy is finished.

"This U.S. Recovery Really Is Different"

No kidding. It really is different this time (smirk)
http://www.usdebtclock.org/

and the Obamanauts are busily pumping up another mortgage credit bubble, not because of credible economics, but because of redistributionist philosophy.

If I were running for President, I'd be scared to death that I will be blamed for the inevitable crash.