Sunday, November 1, 2015

2009-2015 All Smoke and Mirrors

The first non-normalized (Fiscal/Monetary) recession in U.S. history

But the Fed's Excel spreadsheet just decided that no one needs jobs and incomes anymore, so now they're going to fuck up Wall Street's fourth quarter by raising interest rates...

ZH: Nov. 1, 2015
The Fed's Fake-Believe Output Gap Just Closed

However, according to this chart (below) from the Fed's own web site, the output gap is currently ~22%. But the Fed is worried wages might start to go up and hurt corporate profits, so that means the party must be over...

The past 7 years was all Smoke and Mirrors i.e. True GDP is lower than 2007. Good enough for the Idiocracy to be sure...

Real per capita GDP less deficit:

Mind the GAAP