Thursday, June 2, 2011

"Recovery" Hits Reality

Any recovery built on loose fiscal policy ultimately has to confront the barrier of rising prices caused by that same loose fiscal policy. When recovery does not equal more productivity, you have farce. Due to deceptive measures of economic health, like the GDP report, it appears to work in the short term but in reality destroys economic health in the long run.
ISM manufacturing gauge tumbles in May Economic Report - MarketWatch: www.marketwatch.com/story/ism-manufacturing-gauge-...06-01
http://chumly.com/n/95e0db

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