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Friday, July 29, 2011

Is this 'recovery'?

~ This man is not dying.. he's simply in 'recovery' & this a 'soft patch'

Quick follow up to last posting..

GDP announced today..  1.3%

This is what Reuters had to write:  "The economy stumbled badly in the first half of 2011 and came dangerously close to contracting in the January-March period, raising the risk of a recession if a standoff over the nation's debt does not end quickly."

Interesting though... notice even in this economic reality piece, the writer still Refuses to admit there never was a break in the recession.  Key words:  "raising risk of a recession"

The need to mislead its reading public never ends...

PS  We predicted a 350pt drop.. turned out it only dropped 96pts so we'll call ourselves 'wrong' on that.  However it means Wall St isn't taking the threat of a default seriously.. neither should you.

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