Economic recovery is really a farce
It is interesting to note how all of those reporting on the "economic recovery" are prone to believe the hype that they publish.
The stock market appears to have recovered, but has it really? It has returned to its 2007 level. If you subtract the inflation and the lack of growth for the last five years, it is still a negative number. Is that truly a recovery?
The huge run-up in the stock market does not reflect any confidence in the financial health of the economy. Quite simply, it is the only game in town for those with money who wish to make more.
The insured accounts that paid substantial interest and were the choice of many who could not afford the risk of stock investments all provide negative returns. This is the result of the Federal Reserve policy of printing money and driving down the interest rate to near zero percent.
The recovery is a government engineered farce based on the new math that the educators were teaching our children. I’m sorry to say, as it was when I was growing up, close only counts in horseshoes and hand grenades.