A JOBLESS RECOVERY IS A RECOVERY IN THE PRICE OF ASSETS FUELED BY THE FED PRINTING MONEY....
WHILE ASSET PRICES RECOVER...VIA ASSET INFLATION...THERE IS NO REAL INCREASE IN PRODUCTION...HENCE LESS JOBS....
AS LONG AS THE BUBBLE ECONOMY WORKED...AMERICA COULD HAVE JOBLESS RECOVERIES...
LATELY...THE FED GAME HAS BEEN EXPOSED...AND PEOPLE REALIZE THE JUST PROTECTING ASSET PRICES ON WALL STREET...HAS NOTHING TO DO WITH MAIN STREET...
HENCE THE DEPRESSION ON MAIN STREET CONTINUES...WHILE THE WALL STREET AVERAGES ARE AT RECORD HIGHS...
ADDITIONALLY...THE HIGHS ON WALL STREET OFTEN REFLECT ECONOMIC ACTIVITY IN PLACES LIKE CHINA WHICH DO NOT EFFECT MAIN STREET AT ALL...BUT CAN ENHANCE THE MULTINATIONAL BALANCE SHEETS...THUS "JUSTIFYING" THE INCREASE IN STOCK PRICES...AT LEAST IN PART...
THE PROBLEM IS THAT MUCH CONSUMPTION WAS DONE IN THE US UNTIL RECENTLY... THE HOPE IS THAT ASIA WILL PICK UP THE CONSUMPTION THAT AMERICANS CAN NOT LONGER DO...BECAUSE OF SERIAL "JOBLESS RECOVERIES"....
BUT THAT IS ALL STILL TO BE DETERMINED...
AS PRESENTLY SET UP....AMERICA IS A JOBLESS ECONOMY BY DEFINITION...AS MOST LARGE CORPORATIONS ARE BUILDING OVER IN ASIA WITH "FREE FED MONEY"... AND NOT IN THE US...
WHILE ASSET PRICES RECOVER...VIA ASSET INFLATION...THERE IS NO REAL INCREASE IN PRODUCTION...HENCE LESS JOBS....
AS LONG AS THE BUBBLE ECONOMY WORKED...AMERICA COULD HAVE JOBLESS RECOVERIES...
LATELY...THE FED GAME HAS BEEN EXPOSED...AND PEOPLE REALIZE THE JUST PROTECTING ASSET PRICES ON WALL STREET...HAS NOTHING TO DO WITH MAIN STREET...
HENCE THE DEPRESSION ON MAIN STREET CONTINUES...WHILE THE WALL STREET AVERAGES ARE AT RECORD HIGHS...
ADDITIONALLY...THE HIGHS ON WALL STREET OFTEN REFLECT ECONOMIC ACTIVITY IN PLACES LIKE CHINA WHICH DO NOT EFFECT MAIN STREET AT ALL...BUT CAN ENHANCE THE MULTINATIONAL BALANCE SHEETS...THUS "JUSTIFYING" THE INCREASE IN STOCK PRICES...AT LEAST IN PART...
THE PROBLEM IS THAT MUCH CONSUMPTION WAS DONE IN THE US UNTIL RECENTLY... THE HOPE IS THAT ASIA WILL PICK UP THE CONSUMPTION THAT AMERICANS CAN NOT LONGER DO...BECAUSE OF SERIAL "JOBLESS RECOVERIES"....
BUT THAT IS ALL STILL TO BE DETERMINED...
AS PRESENTLY SET UP....AMERICA IS A JOBLESS ECONOMY BY DEFINITION...AS MOST LARGE CORPORATIONS ARE BUILDING OVER IN ASIA WITH "FREE FED MONEY"... AND NOT IN THE US...
