As the Algo machines continue to pump stocks this morning on bets for ‘endless’ liquidity injections from central bankers, real world data offers (anyone who wishes to see) some clarity on the truth about the weakness in our consumer led economy, courtesy of Zerohedge.com.
“The Second Great Depression officially started in December 2007. The NBER tells us that the recession that started at the same time ended some time in the summer of 2009. The Second Great Depression continues. The chart below shows the cumulative increase in Americans receiving foodstamps and disability benefits since December 2007 on the positive Y-Axis, and the jobs lost on the negative Y-axis. No additional explanation is necessary.”
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