RECOVERY IN 2013...?

WHEN THE FED TAKES OFF THE MONETARY "WATER WINGS"...I'LL LET YOU KNOW IF THE ECONOMY IS REALLY "SWIMMING...!"

RIGHT NOW...

"LOOK MA...I'M SWIMMING..." IS NOT CONVINCING...!

THERE COULD BE NO "STRUCTURAL FLOOR" UNDER THIS ECONOMY NOW...

WE WON'T KNOW UNTIL THE FED PULLS BACK...TO SEE IF IT ALL COLLAPSES IN A HEAP... 

THE MACRO NUMBERS LOOK BAD LONG TERM...  THE MICRO NUMBERS...SUPPORTED BY THE FED...ARE WHERE ALL THE HAPPY TALK IS COMING FROM...