The Phaserl


Debunking the Recovery Meme – A Lousy Job but Someone’s Got to Do It

from The Daily Bell:

Economic recovery proves QE working, says Paul Tucker … Outgoing deputy governor of the Bank of England says the UK’s economic recovery is evidence that quantitative easing is finally working… – UK Telegraph

Dominant Social Theme: Central bankers have finally overcome the dark forces of depression.

Free-Market Analysis: The only real recovery that is taking place in the US or Britain or the EU is a financial industry recovery. Sooner or later stocks are likely going a lot higher and the mainstream media is going to report on this manipulation as if it is representative of a miraculous, generalized recovery.

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