If You Believe In The Recovery, Do Not Look At This Chart

Tyler Durden's picture

Just a few moar years of unlimited open-ended quantitative money printing and we are sure this will all be fixed...



via @Not_Jim_Cramer


Of course it does beg the question Rick Santelli asked...

"[What the Fed minutes said] is, listen, we have to wait for bigger confirmation that the economy is doing better; and for that, we're going to look at the employment side. [At the same time] we have the fewest people working that can work in 30 years, and all-time-record-high profits for corporations. Now, does that strategy sound rational to you?" It seems, now that Bernanke has seemingly promised that it will really never end, that Santelli's question will become increasingly critical in this country.



How does this end?

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toe's picture

everthing is so fuckeddd....



buy anything not nailed down.

GetZeeGold's picture



That damn Tea Party caused this....didn't they?

Seasmoke's picture

No George Bush did. He doesn't like the Tea Party either. 

john39's picture

tea party is just part of the control system.  exhibit A, Ted Cruz' wife is a goldman sachs exec.  need i say more?

SafelyGraze's picture

these charts are incredibly misleading

first, they neglect to show the numbers of computers and robots that companies have been employing

these numbers have skyrocketed

also, they neglect to show the number of human employees who happen to be located offshoer

when you take these factors into account, you will see that 'employment' (when measured properly) has never been higher


Shocker's picture

Recovery, don't look

Layoff / Business Closing List



outamyeffinway's picture

You can blame Billy Clinton mor than Bush. Fuck you Clinton! You destroyed US!

Chump's picture

But, but, but...he ran a SURPLUS!!!11!!!1!eleventy!!1!

moneybots's picture

"You can blame Billy Clinton mor than Bush. Fuck you Clinton! You destroyed US!"


Only one republican in the Senate, Shelby, voted against dismantling Glass Steagall.  Bush's SEC gave leverage waivers to the investment banks.  They all crashed in 2008.

Clinton certainly does deserve blame, but take off the blinders.



bh2's picture

Then why were Dems unable to bring back G-S when they controlled both legislative branches as well as the white house? This isn't a problem of differing views of the main parties. It's a problem of majority agreement to continue with corruption.

TheRedScourge's picture

For anyone wondering, corporate profits are at all time highs because they're cutting capex because they don't know what crazy emergency legislation might come next, and they don't want to be half way through some expensive project only to suddenly find it's been buggered up by the O team.

lcs's picture

Sarcasm is a dish best served cold.

Honey Badger's picture

As a result of the American Recovery and Reinvestment Act passed by Congress in February 2009, many unemployed people can receive up to 99 weeks of unemployment benefits; this may depend on State legislation. Before the passage of the American Recovery and Reinvestment Act, the maximum number of weeks allowed was 26 weeks.


If you pay people to not work, they won't work.

kridkrid's picture

That's fantastic... I wasn't aware. She also worked for Condi Rice. It's interesting to hear the media press the "the most divided the country has ever been" meme... such molding. Remarkable to witness.

hedgeless_horseman's picture



"the most divided the country has ever been" meme... such molding. Remarkable to witness.

Indeed, the most ruled, too.


Ghordius's picture

"She also worked for Condi Rice". for the US Security Advisor which wasn't fired although on her "watch" 9/11 happened or on the Chevron supertanker called "Condoleeza Rice"?

Sudden Debt's picture

Obama would be able to do a much better job if there wouldn't be any other parties besides his and when he gets his 3rd term! And 4th and 5th!

lostintheflood's picture

That damn Tea Party caused this....didn't they?

if you are a citizen of the united states, and you want to know who to blame, look in a mirror...

Sudden Debt's picture

37 WEEKS...

I feel a movie script comming up... where braindead "people" roam the streets without any real goal but to feed themselves...


Agent P's picture

I've already got a title for the sequel: "Social Security Disability"

Cursive's picture

@Sudden Debt

Hmmm.  I'm thinking that the Hollywood types can turn this into a romantic comedy.  Coming to a theater near you, "37 Weeks," a light-hearted romantic comedy.  Justin can't find a job and he can't find a woman.  But his helicopter divorcee' mom has just the right plan to get him out of her basement: she's taking a night time job as a pole dancer to scrounge up some extra cash and find a girlfriend for Justin.  But will her co-worker, Ambrosia, be head-over-heels for Justin?  Laughs a plenty as this hottie bisexual whore finally deflowers Justin, but really has eyes for his hot-as-fresh-pancakes pole-dancing Mom...Who's gonna end up with Ambrosia?  Find out this December, in a new twist on a Christmas classic....

Chump's picture

Awesome.  You have a bright future producing shit movies!

RichardENixon's picture

If I were a bankster rolling in fiat I would bankroll that movie Cursive. It has that "Instant Cult Classic" sound to it.

TBT or not TBT's picture

Cursive's casting couch is ready to go.

Groundhog Day's picture

You mean real life walking dead? 

AGuy's picture

"37 WEEKS...I feel a movie script comming up... where braindead "people" roam the streets without any real goal but to feed themselves..."

Which begins in 10 days when the Food Stamp Cuts take effect (Nov 1, 2013). I fear your movie will not be a fictious horror film, but a documentary!


SheepDog-One's picture

As long as it's a useful commodity, buy it. This stock ramp scam is to convince people what they need is paper.

hedgeless_horseman's picture



What about my investment in tulip bulbs?

Agent P's picture

They should hit their peak sometime in the spring.

KrazyMax's picture

This pretty well describes our situation!



SandiaMan's picture

Limp Dick Dictator

Cognitive Dissonance's picture

"But this time is different." - Ben Bernanke Janet Yellen

bigdumbnugly's picture

picturing a bald, unshaven janet yellen...

TeamDepends's picture

Can't y'all see that Yellen is Bernanke in a wig with a little shin-reduction surgery thrown in?

TBT or not TBT's picture

By which you meant Nooooooo!, presumably.

LawsofPhysics's picture

Once this chart reverts to the mean 15 week duration, then we might get a real "recovery", certainly not before.

Cdad's picture

It ends...with every nation on the planet Earth selling US treasuries.  

Cunnial's picture

Yeah but King-Krug said that won't matter... So we'll all be fine...

Oh wait... Who?!

onewayticket2's picture

how does it end?  collapse, confiscation, global governance.

LawsofPhysics's picture

I'd like to know what percentage of American debt is actually held by other countries.  If the the Fed owns the entire market, then who gives a shit, just get the fuck away from FRNs.

Joeman34's picture

$5.588 / $18Tr = ~30%,  http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

Of course this does not include unfunded future liabilities...

LawsofPhysics's picture

Had no idea that Brazil had such a large share.

Ghordius's picture

I note that even Ireland holds 117bn. that's quite a feat, for such a small country (pop of 4.5m). and it's an increase from last year's 91.8bn

per (Irish) head, that's cool 26'000 bucks, and the Y/Y increase of 25.2bn is, again per head, 5'600 USDs

tip e. canoe's picture

now you know how & why the Irish bailouts a few years back.

spread the paper (pain) baby, quid pro quo style.

Crime of the Century's picture

Of course this does not include unfunded future liabilities...

Say that in a mirror three times and Landotfree shows up

stormsailor's picture

so what if they do?  they have to be paid off in frn.  so the federal reserve just batter whips up a couple hundred decimal places and pays them. woohoo.  and when they try to buy commodities with the frn, you might think the price would go up, but woo,hoo,  whip up a couple hundred decimal places and short the piss out of the market, same for gold, grain, all commodities.


the selling of our treasuries will not do anything, and the t-bill holders are selling, just not all at once.  and are buying gold, and properties, etc. it is in their best interest for the charade to go on.


maybe krugman is right

yogibear's picture

"It ends...with every nation on the planet Earth selling US treasuries."

Them are fighting words and good enough for the elite to start a major war.