Saturday, April 2, 2011

Recovery.... not so much

As was predicted, because it's so preictable, the short term wave produced by "quantative easing" (inflation) has moved the unemployment number down a nudge.

That is a very expensive nudge.

Check the grocery shelves, the prices are rising. This is happening because the dollar is worth less than it had been. When the wave settles down we will find that QE 1, 2 or even 3 is nothing but a political gimmick. Your savings in the bank or under the mattress is now worth less, prices are higher and when it finally subsides unemployment will again be more than 10% if not more.

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