I got your "recovery" right here

(VOX POPOLI) — The Federal Reserve Z1 report came out on Friday and the only surprise was that the decline in Household debt has not kept pace with the decline in Financial debt. However, the pattern to which I alerted you in [The Return of the Great Depression] has continued; Federal debt has grown an astounding 48% since Q2 2008 while overall debt has fallen by 0.6%.

Since government spending is a primary component of GDP, this proves that there is no private economic growth, there is only a massive amount of government borrowing and spending being used to temporarily prop up the economy.

via Vox Popoli: I got your “recovery” right here.

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