The Black Forrest wrote:It's not a stellar economy but to say it's horrible is a lie.
Eh, it's pretty horrible if you're one of the long-term unemployed or one of those forced to drop out of the labor force, to say nothing of the retirees currently being reamed by the ZIRP. On the upside, though, at least it's getting better...and more generally what the hell else could you expect from an economy deleveraging itself from a truly unholy debt binge? We're finally going through the hangover from a 30-year debt bubble and it will be painful until we return to a more sustainable level; on the upside, at least now our growth is real and lasting again, driven by manufacturing and increases in real incomes.



