Posted by lessarda on 30th of Nov 2011 at 12:13 pm
are near 2007 highs (+ or -) even after massive govt
intervention, whereas a typical recovery has long left the prior
highs in the rear view mirror by now. That's negative divergence on
an economic level and leaves things more vulnerable to the debt
endgame (except maybe for large caps that have been hoarding
cash).
NFIB business surveys don't show this strength
With all the central bank interventions & Iran issue
Posted by lessarda on 30th of Nov 2011 at 12:03 pm
except in select industries -- you know some fortunate business owners ;-)
I'm not saying things are
Posted by matt on 30th of Nov 2011 at 12:08 pm
I'm not saying things are great
I'm just saying it's NOT 2008 right now
not saying that we won't have to pay the piper again for all this debt, just saying things are not and did not get as bad as 2008
I think the big problem is that the best recoveries
Posted by lessarda on 30th of Nov 2011 at 12:13 pm
are near 2007 highs (+ or -) even after massive govt intervention, whereas a typical recovery has long left the prior highs in the rear view mirror by now. That's negative divergence on an economic level and leaves things more vulnerable to the debt endgame (except maybe for large caps that have been hoarding cash).
it all depends on your baseline .. doesn't it?
Posted by zach06 on 30th of Nov 2011 at 12:11 pm
Most of the economy that is good is in the low tax/ right to work states and OIL/Natural gas producing states that don't hinder production.