There Are No “Tailwinds”…”The economy being talked about in the media just doesn’t exist”
by Jeffrey Snider
ZeroHedge.com
02/04/2015
The economy being talked about in the media just doesn’t exist, no matter how you view the unemployment rate. There is no spending because there is no income(marginally deficient). Instead, what we see is instability where these low levels of activity and true wealth creation persist. There are no “tailwinds” to be found here, only confusion about the relative state of progress. Going from really bad to less bad is not recovery, just another fact of an unstable economy plodding its way toward the next, and eventual, dislocation.
The Rest…HERE