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Thursday, March 28, 2024

Clear Once Again

Courtesy of Michael Panzner of Financial Armageddon 

Most people recognize that the stock market has been divorced from reality for quite some time. That said, the relentless propagandizing from the shills on Wall Street sometimes leaves even me thinking that I really must be missing something. But invariably, along comes a bit of fact-based reporting, as with this annotated article from theNew York Times‘ Floyd Norris, "A Recovery Less Robust Than in the ’70s," and all is clear once again.

To judge by the stock market, the recovery from the Great Recession is much stronger than the one after the early 1970s recession, which followed the first oil price shock.

But by most other measures, the current recovery is far weaker.

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Click here to read the rest. 

 

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