> It's a rare bright day in the middle of the worst economic environment since the 1930s.
Not trying to nitpick on a post I mostly agree with, but the second half of that sentence would apply to late 2008, not 2012. Corporate profits are at record highs, the stock market has doubled off the lows, etc. It amazes me the denial of the phenomenal economic recovery of 2009.
Stock market performance != economic environment. Unemployment is still as high as its been in a generation (or more, depending on how you count), and real growth has been highly stagnant. Yes, we pulled away from the abyss, but outside of tech, it's brutal out there.
Not trying to nitpick on a post I mostly agree with, but the second half of that sentence would apply to late 2008, not 2012. Corporate profits are at record highs, the stock market has doubled off the lows, etc. It amazes me the denial of the phenomenal economic recovery of 2009.