Thursday, April 29, 2010

Why the "Recovery" is bogus.

Thank you Karl Denninger. 

Look carefully and you will see why a 'recovery' that happens even as the government's contribution to the GDP increases shows that the private sector is still sinking.  While the govt spending has gone from circa 4% of GDP to nearly 12% while the overall GDP has declined from 2% down to circa -11%. Just think about that for a bit.

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