It’s Official: Worst. Recovery. EVER
” 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. “
Related articles
- Thanks Barack… US Suffering Through Worst. Recovery. Ever. (thegatewaypundit.com)
- Bernanke Seen Pressing On With Stimulus Amid Debate on QE – Bloomberg (bloomberg.com)
- This Is What 1,230 Days (And Counting) Of Explicit Market Support By The Federal Reserve Looks Like (zerohedge.com)
- Are We Witnessing a Tectonic Shift in Which Central Bank Policy Dominates Asset Prices and Risk Premiums? (minyanville.com)
- Bernanke speech highlights issues with tight lending (lexingtonlaw.com)
- Watch Fed Chairman Ben Bernanke Take Questions (blogs.wsj.com)
Reblogged this on Gds44's Blog.
…the gutters? that’s where we will be.
I think the gutter is an optimistic view . Seems that we are circling the drain now on our way straight past the gutter and into the sewer
Assuming that’s not where we are currently.
In many respects, incl our inflated currency & artificially held down interest rates, we’re hosed right now.
The only aspect of this administration where they could rightfully claim competence is in the ability to continually achieve new lows . That leads me to believe that as bad as things are , with this crew at the helm they are certainly able to pilot us from “merely” swamped to sunk .