Mish's Global Economic Trend Analysis Message Board

5/13/2010 11:07:10 AM

4 Recommendations Read Replies (2) of 115636

Recovery? Show me the Money
globaleconomicanalysis.blogspot.com

Is anyone else tired of all the "recovery" talk and how retail sales are up, and jobs are improving? Here's the deal. Same store sales are meaningless when dozens of chains went bankrupt and thousands of weak stores closed.

Moreover, alleged improvements in hiring do not mean diddly squat if income tax receipts are down.

With that backdrop please consider Budget Deficit in U.S. Widened to $82.7 Billion...

Mish