“Our worries over. If you believe their bullshit. Which I don’t.”
There’s a parade of “MISSION ACCOMPLISHED“ pronoucements about the recession being “over,” which – in case you missed it – includes the Bank of Canada’s very own Goldmach Sachs’ alumni: Mark Carney. Only if he had made the annoucement on the deck of an aircraft carrier, could it be more farcical.
James Howard Kunstler‘s snarky response to the string of “the recession is over” pronoucements made me laugh:
All this goes to show is how completely the people in charge of things in the USA have lost their minds. They seem to think this mass exercise in pretend will resurrect the great march to the WalMarts, to the new car showrooms, and the cul-de-sac model houses, reignite another round of furious sprawl-building, salad-shooter importing [AM: I LOL'ed ], and no-doc liar-lending, not to mention the pawning off of innovative, securitized stinking-carp debt paper onto credulous pension funds in foreign lands where due diligence has never been heard of, renew the leveraged buying-out of zippy-looking businesses by smoothies who have no idea how to run them (and no real intention of doing it, anyway), resuscitate the construction of additional strip malls, new office park “capacity” and Big Box “power centers,” restart the trade in granite countertops and home theaters, and pack the turnstiles of Walt Disney world – all this while turning Afghanistan into a neighborhood that Beaver Cleaver would be proud to call home.
Link via @newres
