Stats are Pointing Up…

But should we care about the stats when our team keeps losing?

“”What we see in the United States and some other economies is a statistical recovery and a human recession.”

Larry Summers, Davos, Jan 30, 2010 (via CNBC)

Plus, he’s actually quite wrong on the stats and also understates the human reality:

Sadly for many, the stock market will eventually reflect reality.

Debt is kicking Incomes butt

This isn't going to end well.

Debt to GDP ratio

Where's the money coming from?

Employment, not bouncing yet

Employment over decades of boom/bust

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