Courtesy of ZeroHedge. View original post here.
Recovery? What Recovery?
Over 4 years after central banks have progressively injected over $7 trillion in liquidity into the global markets (and thus, by Fed logic, the economy), and who knows how many trillion in fiscal aid has been misallocated, to halt the Second Great Depression which officially started in December 2007, the US "recovery" is the weakest in modern US history! How many more trillions will have to be printed (and monetized) before the central planners realize that fighting mean reversion by using debt to defeat recore debt, just doesnt't work? Our guess – lots.
Chart 1 – the current "recovery" in the context of all previous ones:
Chart 2 – Min, Max and Average… and now
Chart 3 – in bar chart format
Chart 4 – There is good news: 16 quarters after the start of the recession, US output has turned positive. Just barely.
Source: Minneapolis Fed
