Why the "Recovery" is Over- A Written AnalysisSubmitted by Smaulgld.com on Wed, 09/11/2013 - 10:38
"No one ever woke up wishing they had three more drinks the night before."
The recovery that started in 2009 and never really progressed has reversed.
The recovery is over.
Welcome to the Revocery.
QE- Recovery Medicine or Extension of Bailonomics?
The current recovery was artificially born in 2009 from the ashes of the Panic of ’08 with The Federal Reserve’s quantitative easing (QE) program that involved printing money out of thin air to buy U.S. Treasuries and Mortgage Backed Securities (MBS’s) from the Too Big Too Fail Banks.
The recovery was kept alive with three full doses of QE and then a supplemental boost of the third dose in September of 2012. The recovery ended in May with talk of cutting the dosage when the Fed began its taper talk and interest rates began to rise.
The recovery never had a chance.