Seven years of 0% recovery has conned the Idiocracy into believing this charade will continue forever. The lamestream media and EconoDunces didn't see Lehman coming, and they surely don't see this coming, even though risks today are 10x higher...
First, as I pointed out recently small cap stocks are now weaker than at this stage in late 2008, despite the biggest short-covering rally in decades...
Next, there's this asinine chicanery with the 10 year Treasury versus the 1 year...normally the 1 year rises to the 10 year, not the other way around...
Corporate profits are imploding:
CP (blue line). Payrolls (red line)
Inventory levels are beyond all asinine.
Inventories - Sales
Inflation (deflation) is falling hard...
Retail is imploding
Railroads
The S&P / Utilities ratio is back at 2008 levels...
Bank stocks peaked with GDP in 2007...
Brewers and recession stocks, you know...
IPOs: The Risk cycle is over...
Consumption sentiment peaked a year ago...
And of course, the Smith & Wesson indicator
And the best indication that the "recovery" is failing...there is no fucking recovery. Duh...
"Yes, they were the dumbest fucking society in human history, borrowing their way out of a debt crisis"
"Never go FULL RETARD"
Baby Boomers imagining a recovery circa 1969:
"No one saw that coming"