With housing in a shambles, bank balance sheets obscured by reporting changes, job growth non-existent, the government out of places to borrow, the central bank sham of currency creation ex-nihilo showing signs of not working any more, the game is soon to be up for Western capitalism-in-name-only socialistic policies. When "the recovery is government spending", the economy implodes when government spending finally has to contract, instead of chronically expanding. The foreign press isn't owned by GE, so tells it a little straighter.
US housing market in double dip as prices fall to fresh lows - Telegraph: www.telegraph.co.uk/finance/economics/8548346/US-h....html
http://chumly.com/n/95c219
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