More ‘Depressions’ Like This, Please

While Democrats keep talking about ‘ the worst economy since the Great Depression’, Noel Sheppard, an economic and geopolitical analyst and writer residing in Northern California, gives a very good update on how the economy is actually doing under the Bush Presidency. It debunks many of the commonly held myths and concludes with this:

So, when you add it all up, we now have accelerating:

* Job growth
* Wages
* Consumer net worth
* Stock valuations (up 50% from their post-recession lows)
* Home ownership and prices
* GDP

Frankly, with depressions like these, who needs expansions?

My thoughts exactly.

Oh yeah, also, the budget deficit is shrinking rapidly.

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