Its been one big COVER-UP. Just look around. Pay no attention to the manipulated ponzi markets and the cheerleaders on CNBC(first in B_S worldwide)as they have become an insult to one's intellegence. Until you actually see genuine growth in hiring's of good full time jobs there will be NO RECOVERY. Don't hold your breath.
If you look at the S&P chart from 2000 to 2009 and from 2009 to today they look the same. You listen to the analyst they sound just like what they were saying in 2009. All I am saying is just look at the history.
Agreed. If you normalize interest rates and factor in the annual $1 Trillion deficit, you get an economy that is in a severe recession. Corporate profits have been helped by buyback programs and job cuts. This is not real growth. Further, MBS market remains frozen worldwide with the only game in town being the FED. The explosion of the FED's balance sheet to finance the massive annual deficits and mortgages can only end in a very bad manner.